SILICON SLOPES, Utah–(BUSINESS WIRE)–Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal second quarter ended July 31, 2023.
Fiscal Second Quarter Results
- Total revenue was $79.7 million, an increase of 5% year over year
- Subscription revenue was $71.2 million, an increase of 6% year over year
- Subscription revenue represented 89% of total revenue
- Billings were $70.6 million, a decrease of 2% year-over-year
- Remaining Performance Obligations (RPO) was $357.6 million as of July 31, 2023, an increase of 2% year over year
- RPO expected to be recognized as revenue in the next 12 months was $232.1 million as of July 31, 2023, an increase of 3% year over year
- Net cash provided by operating activities was $0.6 million
- GAAP subscription gross margin was 84%, consistent…
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