- Update February 9, 2023: Francisco Partners has acquired all outstanding shares of Sumo Logic common stock for $12.05 per share in cash, valuing the company at an aggregate equity valuation of approximately $1.7 billion.
Sumo Logic beats by $0.11, beats on revs; guides Q4 EPS above consensus, revs above consensus
- Reports Q3 (Oct) loss of $0.04 per share, $0.11 better than the S&P Capital IQ Consensus of ($0.15); revenues rose 27.4% year/year to $79 mln vs the $74.2 mln S&P Capital IQ Consensus.
- Co issues upside guidance for Q4, sees EPS of ($0.09)-($0.08) vs. ($0.17) S&P Capital IQ Consensus; sees Q4 revs of $77-$78 mln vs. $75.42 mln S&P Capital IQ Consensus.
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