SUMO - SUMO STOCK NEWS

Sumo Logic (NASDAQ: SUMO) reported second-quarter fiscal 2023 results with revenue of $74.1 million, marking a 26% increase year-over-year. Annual Recurring Revenue (ARR) also grew by 25% to $286.2 million. GAAP gross margin stood at 65%, while the company reported a GAAP operating loss of $36.6 million and a net loss of $35.9 million, or $0.31 per share. For Q3 2023, Sumo forecasts revenue between $73.5 million and $74.5 million, with a year-over-year growth estimate of 19% to 20%. The full fiscal year guidance anticipates revenue between $289 million and $293 million.

Sumo Logic (NASDAQ: SUMO) announced an **Investor Day** on **September 20, 2022**, at **10:30 AM ET** in New York City. The event will feature key presentations from top executives, including **Ramin Sayar**, the CEO, who will discuss the company's differentiation, product strategies, and leadership aimed at driving long-term growth.

Investors wishing to attend can contact Investor Relations or register for a live web broadcast to gain insights into Sumo Logic's future direction and growth strategies.

Sumo Logic (NASDAQ: SUMO) will report its second-quarter financial results for the period ending July 31, 2022, after market close on August 25, 2022. The company will hold a conference call at 1:30 PM PT (4:30 PM ET) on the same day to discuss these results along with important business highlights. Investors can access the call via a designated phone line or a live webcast at Sumo Logic's Investor Relations website. The company provides a SaaS analytics platform aimed at enhancing cloud-native application security and reliability.

Sumo Logic has achieved AWS Security Competency status for its Cloud SIEM and Cloud SOAR solutions, enhancing its standing as a key partner in cloud security. This recognition underscores the company's commitment to empowering AWS customers in navigating security challenges through advanced threat detection and incident response capabilities. With a focus on automation and machine learning, Sumo Logic aims to elevate security operations across various enterprise sizes. This development aligns with increasing demands for robust cloud security as digital transformation accelerates.

Sumo Logic (NASDAQ: SUMO) has launched a new process that simplifies Kubernetes observability, significantly enhancing the onboarding experience for developers. This new feature streamlines data collection, installation of app dashboards, and validation of alerts, resulting in faster implementation of Kubernetes observability. As Kubernetes adoption grows, efficient monitoring becomes critical to maintain visibility and operational success. The company emphasizes that this innovation drastically improves developer experience, making it quicker and more secure to manage Kubernetes data.

Sumo Logic (NASDAQ: SUMO) announced its sixth annual Illuminate 2022 community conference set for September 13-14, 2022. This virtual event aims to unite users, partners, and the community to share best practices for delivering reliable and secure cloud-native applications. Participants can engage in workshops, gain certifications, and learn from real-world use cases. The conference is free and available globally, targeting IT and security leaders across industries. Registration and submission for speaker topics are currently open.

Sumo Logic has announced a partnership with Gigamon, integrating its Hawk Deep Observability Pipeline and ThreatINSIGHT NDR solutions. This collaboration aims to enhance security and operational efficiency in hybrid cloud environments, addressing challenges like increased complexity and security blind spots. By combining resources, both companies focus on delivering real-time threat detection and response, streamlining application management, and reducing costs related to data exchange and storage. This initiative aligns with their commitment to enhance customer experience in cloud-native application security.

Sumo Logic (NASDAQ: SUMO) has been recognized by Gartner as a Challenger in the 2022 Magic Quadrant for Application Performance Monitoring and Observability. This marks Sumo Logic's first inclusion in this category, highlighting its capability to provide cloud-native tools for enterprises. The company focuses on simplifying the collection of logs, metrics, and traces to enhance digital experience reliability. Full-stack observability is central to Sumo Logic's strategy, which includes embracing open-source standards like OpenTelemetry to optimize customer data management.