Domo Inc. (DOMO - Free Report) reported fourth-quarter fiscal 2019 non-GAAP loss of 94 cents per share, much narrower than the year-ago quarter’s loss of $23.96 per share. Post the announcement of the company’s solid results, shares jumped 21.2% in the last two-trading sessions.
Revenues of $39.4 million increased 31% on a year-over-year basis, primarily driven by customer additions. International accounted for 23% of total revenues.
Billings increased 26% to $57.2 million, primarily driven by solid dollar-based net revenue retention rates that were more than 100%.
During the quarter, Domo’s solutions were selected by 17 new enterprise customers. The number of customers with more than $1 billion in revenues at the end of the quarter was 447, up from 375 at the end of the year-ago quarter.
Subscription revenues (81% of total revenues) were $31.9 million, up 29.1% year over year. Professional services and other revenues (19% of total revenues) increased 38.8% year over year to $7.5 million.
Management stated that 80% of annual recurring revenues in the reported quarter consisted of customers paying more than $50,000.
Domo’s EMEA business billing doubled year over year. The company’s North American enterprise business exceeded expectations.
Domo, Inc. Price, Consensus and EPS Surprise