Domo Inc., a business intelligence and data visualization software firm, surpassed Wall Street's expectations with a strong earnings and revenue beat in late trading.
The company reported a first-quarter loss of nine cents per share, exceeding the consensus estimate of a 19-cents-per-share loss, with revenue meeting expectations at $80.1 million.
Domo has transitioned to a consumption-based pricing model, impacting its sales productivity positively by over 60% and posting adjusted operating income of $1.03 million, beating analyst estimates.
The company provided a robust profit forecast for the current quarter, expecting earnings between three and seven cents per share, and slightly raised its full-year revenue guidance for fiscal 2026 while lowering its earnings target.