Regístrese ahora para una mejor cotización personalizada!

Sumo Logic beats Q3 estimates

Dic, 06, 2021 Hi-network.com

Sumo Logic on Monday published its third-quarter financial results, beating market expectations with the continued adoption of its Continuous Intelligence platform. 

The log management and data analytics service provider reported a non-GAAP net loss of$13.3 million or 12 cents per share. Revenue was$62 million, an increase of 20% year-over-year.

Analysts were expecting a net loss of 14 cents per share on revenue of$60.86 million. 

"Sumo Logic delivered another strong quarter of revenue growth for the fiscal third quarter. Results were again driven by continued adoption of our leading Continuous Intelligence platform, which helps our customers ensure application reliability, manage and optimize multi-cloud infrastructure, as well as secure and protect against modern security threats," CEO Ramin Sayar said in a statement.  "We continue to leverage our differentiated DevSecOps platform across a broad range of observability and security uses cases, which we believe strengthens our position and helps us further capture the significant opportunity created by digital transformations and cloud migrations."

For the fourth quarter of fiscal 2022, Sumo Logic expects revenue between$63.7 million and$64.7 million, representing 18% to 20% growth year-over-year. For the full fiscal year, the company expects revenue between$238.8 million and$239.8 million, representing 18% growth.

Tech Earnings

SMART Global fiscal Q2 results, outlook top expectationsAdobe shares sag as outlook misses expectationsMicron stock jumps as fiscal Q2 results, outlook top expectationsOracle shares rebound, fiscal Q4 view tops expectationsPagerDuty stock surges as fiscal Q4 revenue, forecast top expectationsDocuSign shares plunge, Q1 and year views miss expectationsCrowdstrike reports Q4 revenue of$431 million and$1.45 billion for full yearBroadcom shares jump as fiscal Q1 results, outlook top expectations
  • SMART Global fiscal Q2 results, outlook top expectations
  • Adobe shares sag as outlook misses expectations
  • Micron stock jumps as fiscal Q2 results, outlook top expectations
  • Oracle shares rebound, fiscal Q4 view tops expectations
  • PagerDuty stock surges as fiscal Q4 revenue, forecast top expectations
  • DocuSign shares plunge, Q1 and year views miss expectations
  • Crowdstrike reports Q4 revenue of$431 million and$1.45 billion for full year
  • Broadcom shares jump as fiscal Q1 results, outlook top expectations

tag-icon Etiquetas calientes: negocio Gestión de datos

Copyright © 2014-2024 Hi-Network.com | HAILIAN TECHNOLOGY CO., LIMITED | All Rights Reserved.