Shares of Domo (NASDAQ:DOMO) have popped today, up by 10% as of 12 p.m. EDT, after the company reported fiscal second-quarter earnings. Domo delivered a textbook beat-and-raise.
Revenue in the fiscal second quarter came in at $51.1 million, topping the consensus estimate of $49 million. That resulted in an adjusted net loss of $10.7 million, or $0.37 per share, which was better than the $0.50 per share in adjusted net losses that analysts were expecting. Billings increased 23% to $47.6 million.
“Domo was built for this new world of work where business