Expanded global footprint that resulted in record growth in customers and partners in EMEA and APAC. Detailed financial statements for Sumo Logic stock (SUMO), including the income statement, balance sheet, and cash flow statement. Sumo Logic's annual revenues are $100-$500 million (see exact revenue data) and has 500-1,000 employees. We sent an email to: Integrated logs, metrics and traces for faster troubleshooting. Financials: Sumo Logic reported revenue of $155.1 million for its last full fiscal year. See insights on Sumo Logic including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Build, run, and secure modern applications and cloud infrastructures. Sumo Logic revenue from 1970 to 1969. For the quarter, Sumo posted revenue of $51.9 million, up 28% year over year, and ahead of the Street consensus at $49.1 million. Get the detailed quarterly/annual income statement for Sumo Logic, Inc. (SUMO). Sumo Logic Announces Third Quarter Fiscal 2021 Financial Results Third quarter revenue grew 28% year-over-year to $51.9 million Raised $342.7 million through initial public offering Founded in 2010, Sumo Logic has 710 employees and is headquartered in Redwood City, California. The company finished its last fiscal year ending Jan. 31, 2018, with more than 1,600 global customers, empowering more than 50,000 active users and analyzing more than 100 petabytes of data daily. “Sumo Logic’s growth is being driven by the shift to digital business and cloud adoption across industries and companies of all sizes. Sumo Logic has filed to raise $281 million in an IPO of its common stock. Founded in 2010, Sumo Logic is a privately held company based in Redwood City, Calif. and is backed by Accel Partners, DFJ, Greylock Partners, IVP, Sapphire Ventures, Sequoia Capital and Sutter Hill Ventures. Our Continuous Intelligence Platform enables … This represented year-over-year growth of 53%. To start using Sumo Logic, please click the activation link in the email sent from us. Sumo Logic's revenue is the ranked 6th among it's top 10 competitors. Sumo Logic Announces Third Quarter Fiscal 2021 Financial Results Third quarter revenue grew 28% year-over-year to $51.9 million Raised $342.7 million through initial public offering Sumo Logic is a cloud-based machine data analytics company focusing on security, operations and BI usecases. Earnings per share was -$1.77. An output of their pricing page from the website is below and is here on their website. Jenkins, a 20-year IT industry veteran, led Barracuda’s IPO on the New York Stock Exchange. Sumo Logic’s IPO debuted Sept. 17 alongside reported revenue of $155.1 million for its last full fiscal year. (Annual sales and employees). “I am confident that he will play a significant role in helping further develop our global go-to-market strategy and IPO readiness.”. To further drive market growth and IPO readiness, the company has appointed BJ Jenkins, CEO of Barracuda Networks, to its board of directors. In the quarter ending April 30, Sumo logic reported $47.2 million in revenue. For the most recent … Sumo Logic Announces Third Quarter Fiscal 2021 Financial Results. ... Sumo Logic became the first … Third quarter revenue grew 28% year-over-year to $51.9 million Raised $342.7 million through initial public offering REDWOOD CITY, Calif., Dec. 07, 2020 Regarding key metrics, Sumo Logic stated that its dollar-based net retention rate has fluctuated between approximately 120% and 135% for … Achieved record revenue for fiscal year 2018 - driven by continued rapid acceleration of its recurring revenue base, proving out its land and expand business model as customers continue to derive increasing value from the Sumo Logic service. Increased employee headcount to more than 400 globally with significant investments in engineering and go-to-market. Sumo Logic sees Q4 revenue $51.8 mln-$52.3 mln; FactSet consensus $50.8 mln Dec. 7, 2020 at 12:04 p.m. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. The document contains a plethora of information on the company including a general overview, up to date financials, risk factors to the business, … “Sumo Logic has cracked the code on molding the perfect market fit by harnessing the power of key trends such as cloud computing, analytics and machine learning,” said BJ Jenkins, president and CEO for Barracuda Networks. This represented year-over-year growth of 53%. Sumo Logic (NASDAQ:SUMO) is scheduled to announce Q3 earnings results on Monday, December 7th, after market close.The consensus EPS Estimate is -$0.24 and the consensus Revenue Estimate is $49.12M. Sumo Logic, Inc. (US:SUMO) has 122 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). Analyzed more than 100 petabytes of data, over 30 million searches and 500 trillion records daily. ET by Tomi Kilgore Sumo Logic sees Q4 adj. It is classified as operating in the Legal Services industry. And Powell also pointed out that Sumo Logic has the ability to maintain revenue growth of … Headquartered in Redwood City, California, Sumo Logic was founded in April 2010 by ArcSight veterans Kumar Saurabh and Christian Beedgen, and has received funding from Accel Partners, DFJ Growth, Greylock Partners, Institutional Venture Partners, Sequoia Capital, Sapphire Ventu… For the quarter, Sumo posted revenue of $51.9 million, up 28% year over year, and ahead of the Street consensus at $49.1 million. Sumo Logic discloses some good data around customers at different spend levels, although they do not release what portion of total revenue each segment produces. As one of the most powerful cloud-native services in the world, the Sumo Logic platform ingests and analyzes vast amounts of data and enables more 30 million searches and queries, which powers tens of millions of insights to customers who rely on this type of continuous intelligence to more effectively build, run and secure their modern applications. Sumo Logic, Inc. (the “Company”) was incorporated in Delaware in March 2010. Integrated logs, metrics and traces for faster troubleshooting With Sumo Logic, customers gain a multi-tenant, service-model advantage to accelerate their shift to continuous innovation, increasing competitive advantage, business value and growth. The company, founded in 2010, has grown its client base to 2,131 as of April 30, 2020, from 1,626 on Jan. 31, 2018. Third quarter revenue grew 28% year-over-year to $51.9 million Raised $342.7 million through initial public offeringREDWOOD CITY, Calif., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Sumo Logic (Nasdaq: SUMO), a pioneer of continuous intelligence, today announced financial results for the third quarter of its fiscal 2021, ended October 31, 2020.“We delivered strong results in our first quarter … Revenue: Unknown / Non-Applicable. Sumo Logic's annual revenues are $100-$500 million. Key Corporate Milestones for Sumo Logic in FY2018. Sumo Logic has 795 employees across 10 locations and $155.06 M in annual revenue in FY 2020. That was up from about $32.5 million from … As that happens, Sumo Logic has visibility to turning into a multi-billion-dollar revenue company, with ~80% gross margins and a hyperscalable business model that will … Sumo Logic Announces Third Quarter Fiscal 2021 Financial Results. Previously, he served as President of EMC’s Backup Recovery Systems (BRS) Division, and has deep experience guiding companies to reach their growth potential. Over the last two quarters, Sumo Logic's revenue has grown by 28%. Achieved record revenue for fiscal year 2018 - driven by continued rapid acceleration of its recurring revenue base, proving out its land and expand business model as customers continue to derive increasing value from the Sumo Logic service. In the last 12 months, Sumo Logic had revenue of $181.44 million and -$98.92 million in losses. U.S. Industry Overview & Market Statistics: GUNDERSON DETTMER STOUGH VILLENEUVE FRANKLIN & HACHIGIAN, Complete list of funding rounds and total amounts in the, EBIT (Earnings Before Interest and Taxes), EMPOWER THE PEOPLE WHO POWER MODERN BUSINESS, Revenue from previous years (2010 to present), Funding from Venture Capital and Private Equity firms, Additional industries in which the company operates, What is the company's size? Sumo Logic has some 500 employees, 2,000 customers, 100,000 users and a valuation of more than $1 billion, with the company notching more than $100 million of revenue in its most recent fiscal year. “With the company’s impressive growth trajectory, I believe Sumo Logic is well positioned to become a market disruptor, and I’m thrilled to have the opportunity to help them scale the business globally.”. Recently Sumo Logic filed their initial S1 statement. If you don’t have the budget or desire to really dive deep into mastering a SIEM, Sumo Logic will be the simpler choice. Sumo Logic, Inc. (the “Company”) was incorporated in Delaware in March 2010. This represented year-over-year growth of 53%. The Company provides, on a cloud-native software-as-a-service (“SaaS”) delivery model, a software platform that enables organizations of all sizes to address the challenges and opportunities presented by digital transformation, … The first trade was 21% above the premium at $26.50 and closed at $26.88. Sumo Logic Announces Third Quarter Fiscal 2021 Financial Results Third quarter revenue grew 28% year-over-year to $51.9 million Raised $342.7 … Sumo Logic sees Q4 revenue $51.8 mln-$52.3 mln; FactSet consensus $50.8 mln Dec. 7, 2020 at 12:04 p.m. Sumo Logic began trading September 17 th with an initial offering price of $22 a share. Sumo Logic, a recognized expert in building and operating massive multi-tenant, highly distributed cloud systems, is the industry’s first machine data analytics platform to natively ingest, index and analyze structured and unstructured data together in real-time. Sumo Logic is the pioneer in continuous intelligence, a new category of software, which enables organizations of all sizes to address the data challenges and opportunities presented by digital transformation, modern applications, and cloud computing. He currently serves on the board of Generac Holdings (NYSE: GNRC) and previously served as the lead director at Apigee (acquired by Google) and Nimble Storage (acquired by HPE). Up and running in minutes. ET by Tomi Kilgore Sumo Logic sees Q4 adj. SUMO’s most recent calculation was 1.0% as of July 31, 2020, so the firm has some ways to go in this regard. Moreover, while total customers are slightly negative year-to-date, larger customers are growing at faster rates, which is a positive for the … This represented year-over-year growth of 53%. Quarterly, Sumo Logic has also done well. Sumo Logic. The top 10 competitors average 246.5M. No credit card required. However since its founding in 2010, Sumo Logic has maintained a solid rate of growth and in the last 12 months grew revenue 48% over the prior year though has been slowing noticeably since the pandemic hit in March. It is classified as operating in the Legal Services industry. For the full fiscal year 2021, Sumo Logic expects: Total revenue between $200.3 million and $200.8 million, representing 29% to 30% growth year over year Revenue, excluding our largest revenue customer, between $185.9 million and $186.4 million, representing 29% growth year-over-year Sumo Logic has some 500 employees, 2,000 customers, 100,000 users and a valuation of more than $1 billion, with the company notching more than $100 million of revenue in its most recent fiscal year. We saw strong revenue performance with total revenue increasing to $51.9 million, up 28% year over year. Third quarter revenue grew 28% year-over-year to $51.9 million Raised $342.7 million through initial public offeringREDWOOD CITY, Calif., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Sumo Logic (Nasdaq: SUMO), a pioneer of continuous intelligence, today announced financial results for the third quarter of its fiscal … Sumo Logic, Inc. (NASDAQ:SUMO) Q3 ... Revenue growth was supported by improving momentum from both new and existing customers. Sumo Logic offers premium security and log management without the need to spend dozens of hours on training. Compare SUMO With Other Stocks In addition, we provide over 150 apps and native integrations to give you out-of-the-box visibility into the technologies that power your applications. It is classified as operating in the Legal Services industry. A S1 is a document companies file with the SEC in preparation for listing their shares on an exchange like the NYSE or NASDAQ. Specifically, in Q4 2020's revenue was $51.9M; in Q4 2019, it was $40.5M. Sumo Logic disclosed that ~99% of their revenue is subscription in nature therefore they ended Q2'21 / Jul-2020 at $195.7M of implied ending ARR (quarterly subscription revenue multiplied by 4). Enhanced its leading security analytics capabilities with the. As for Sumo Logic, the company reported that for the six months ended July 31, it had a loss of $1.93 a share, narrowed from $2.13 a share in the year-earlier first half. REDWOOD CITY, Calif. -- Feb. 27, 2018 -- Sumo Logic, the leading cloud-native, machine data analytics platform that delivers continuous intelligence, today announced significant business milestones and market growth. Sumo Logic provides real-time visibility into AWS, Azure, and GCP cloud applications and infrastructure. At last check, Sumo … For the fourth quarter of fiscal 2021, Sumo Logic expects: Total revenue between $51.8 million and $52.3 million, representing 17% to 18% growth year over year Revenue, excluding our largest revenue customer, between $49.3 million and $49.8 million, representing 23% to 24% growth year-over-year Sumo Logic Inc. SUMO, +1.67% shares fell Monday after the data analysis company reported its first results as a public company. [epq-quote align="align-right"]“Sumo Logic has cracked the code on molding the perfect market fit by harnessing the power of key trends such as cloud computing, analytics and machine learning,” said BJ Jenkins, president and CEO for Barracuda Networks. Sumo Logic might be seen as a risky bet by some investors, since the company posted a loss of $92.1 million in its fiscal 2019 year, compared with a loss of $47.8 million the year before. Grew customer base to more than 1,600 businesses globally and over 50,000 users. Sumo Logic is a secure, cloud-native, machine data analytics service, delivering real-time, continuous intelligence from structured, semi-structured and unstructured data across the entire application lifecycle and stack. Financials: Sumo Logic reported revenue of $155.1 million for its last full fiscal year. Revenue rose 38% to … For the full fiscal year 2021, Sumo Logic expects: Total revenue between $200.3 million and $200.8 million, representing 29% to 30% growth year over year; Revenue, excluding our largest revenue customer, between $185.9 million and $186.4 million, representing 29% growth year-over-year His proven track record, diverse board experience and operational excellence will help us continue to fuel our momentum and growth,” Sayar said. Sumo Logic Announces Third Quarter Fiscal 2021 Financial Results. That’s why I think Sumo Logic’s huge revenue growth rates (revenues rose by 50% in 2019) are here to stay for a lot longer. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. More than 1,600 customers around the globe rely on Sumo Logic for the analytics and insights to build, run and secure their modern applications and cloud infrastructures. Overview Sumo Logic is the pioneer of Continuous Intelligence, a new category of software, which enables organizations of all sizes to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing. Founded in 2010, Sumo Logic has 710 employees and is headquartered in Redwood City, California. Sumo Logic is a cloud-based Continuous Intelligence platform, based on a subscription revenue model, serving primarily customers from IT departments, development, and security, both from small organizations and enterprise, leveraging on self-serving digital channels for new customers’ acquisition, coupled with inside and field sales representative to expand the adoption of the platform. Sumo reported a … Sumo Logic (NASDAQ:SUMO): Q3 Non-GAAP EPS of -$0.06 beats by $0.18; GAAP EPS of -$0.43 beats by $0.06. Income Statement. Get offer, Appoints Barracuda Networks CEO BJ Jenkins as New Independent Board Member. Currently Sumo Logic has 2.1K customers generating $170M in revenue over the last twelve months. Get the detailed quarterly/annual income statement for Sumo Logic, Inc. (SUMO). Find out the revenue, expenses and profit or loss over the last fiscal year. “Today, it is incredibly exciting to be an essential solution serving both born-in-the-cloud and traditional companies embracing digital business, as well as working with our global ecosystem partners, to democratize machine data for the new Analytics Economy.”. Sumo Logic has 795 employees across 10 locations and $155.06 M in annual revenue in FY 2020. Sumo Logic’s IPO debuted Sept. 17 alongside reported revenue of $155.1 million for its last full fiscal year. Sumo Logic's annual revenues are $100-$500 million (see exact revenue data) and has 500-1,000 employees. Revenue: Unknown / Non-Applicable. It provides log management and analytics services that leverage machine-generated big data to deliver real-time IT insights. “With the company’s impressive growth trajectory, I believe Sumo Logic is well positioned to become a market disruptor, and I’m thrilled to have the opportunity to help them scale the business globally.”[/epq-quote], Key Corporate Milestones for Sumo Logic in FY2018, “I am delighted to have BJ join the Sumo Logic board of directors, and I look forward to partnering with him. Sumo Logic is the pioneer in continuous intelligence, a new category of software, which enables organizations of all sizes to address the data challenges and opportunities presented by digital transformation, modern applications, and cloud computing. Third quarter revenue grew 28% year-over-year to $51.9 million Raised $342.7 million through initial public offeringREDWOOD CITY, Calif., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Sumo Logic (Nasdaq: SUMO), a pioneer of continuous intelligence, today … Plus Powell noted that Sumo Logic’s billings growth is accelerating again after seeing a negative impact during the first half of 2020. Sumo Logic sold 14.8 million shares for $22 apiece on Wednesday after marketing them for $17 to $21 each. Sumo Logic's Annual Report & Profile shows critical firmographic facts: Sumo Logic, a software-as-a-service (SaaS) data analytics specialist, reported revenue of $51.9 million in the fiscal third quarter, ahead of the consensus estimate of $49.1 million. Find out the revenue, expenses and profit or loss over the last fiscal year. Revenue of $51.9M (+28.1% Y/Y) beats by $2.78M. Sumo Logic has less of a learning curve. Revenue growth was supported by improving … We made a big bet nearly eight years ago to build a different kind of analytics service: a cloud-native, multi-tenant, distributed system with the scale, elasticity, and security-first posture to address the growing complexity and dynamism of revenue-generating modern applications,” said Ramin Sayar, president and CEO of Sumo Logic. For more information, visit www.sumologic.com. More than 2,100 enterprises around the world rely on Sumo Logic to build, run, and secure their modern applications and cloud infrastructures. Currently Sumo Logic has 2.1K customers generating $170M in revenue over the last twelve months. For the fourth quarter of fiscal 2021, Sumo Logic expects: Total revenue between $51.8 million and $52.3 million, representing 17% to 18% growth year over year Revenue, excluding our largest revenue customer, between $49.3 million and $49.8 million, representing 23% to 24% growth year-over-year See insights on Sumo Logic including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. SUMO’s most recent calculation was 1.0% as of July 31, 2020, so the firm has some ways to go in this regard. Revenue advanced 38% to $96.6 million from $70.2 million. As for Sumo Logic, the company reported that for the six months ended July 31, it had a loss of $1.93 a share, narrowed from $2.13 a share in the year-earlier first half. The firm provides organizations of all sizes with real-time IT application monitoring and related services. These institutions hold a total of 30,907,323 shares.