Domo Shares Surge After Q4 Results Top Estimates
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Domo, Inc. shares surged 27.17% to $5.57 after reporting better-than-expected Q4 results. The company posted adjusted earnings of 3 cents per share, surpassing estimates of a 3 cent loss, and revenue of $79.62 million, exceeding the $78.65 million forecast. Subscription revenue rose 2% year-over-year to $73.4 million, with billings increasing 8% to $111.2 million. CEO Josh James highlighted strong customer demand and the company's role in AI strategies as key drivers of performance.
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