Domo-B

Q2 FY2027 EarningsQ2 FY27 revenue of $76.8M missed the consensus of $78.1M, primarily driven by an 8% YoY decline in professional services and a reduction in existing customer spend. Despite the top-line miss, gross margin reached 77.1%, exceeding the 77.5% expected mean due to optimized third-party hosting costs. Non-GAAP EPS outperformed at -$0.21 (GAAP) vs. the -$0.31 expected mean, supported by aggressive sales and marketing cost reductions. The company has entered a definitive agreement to sell substantially all assets to Progress Software for $400M, shifting the investment thesis toward post-transaction NOL monetization and potential capital returns.