SUMO - SUMO STOCK NEWS

Sumo Logic announced its support for the AWS for Games initiative, enhancing digital gaming experiences. This strategic collaboration aims to assist game developers by ensuring reliable, secure cloud-native applications. Prominent gaming brands like Games 24 x 7 utilize Sumo Logic for improved analytics, faster game releases, and better threat detection. The platform offers insights into software development, helps identify issues rapidly, and aids in compliance. The AWS partnership facilitates access to diverse tools, enabling developers to focus on enhancing player experiences.

Sumo Logic reported a 24% revenue growth in Q4 2022, reaching $67.0 million, and a 19% annual increase to $242.1 million for fiscal 2022. Despite positive revenue trends, the company faced a GAAP net loss of $33.6 million in Q4, translating to $0.30 per share. Looking ahead, Sumo Logic forecasts Q1 2023 revenue between $65.5 million and $66.5 million, reflecting 21% to 23% growth. For the full fiscal year 2023, the expected revenue is $288.0 million to $292.0 million with a net loss per share projected at $0.68 to $0.66.

Sumo Logic (Nasdaq: SUMO) announced its participation in the Morgan Stanley Technology, Media and Telecom Conference on March 9 at 11:30 AM PT. The event will showcase insights into continuous intelligence, a key area Sumo Logic excels in.

Investors can access the live webcast via Sumo Logic's investor relations webpage. With over 2,100 global customers, Sumo Logic provides a multi-tenant SaaS architecture that supports modern applications and cloud infrastructures.

Sumo Logic has announced the launch of new features within its Cloud SOAR platform: War Room and App Central. These capabilities enhance security teams' efficiency by allowing faster incident responses and improved automation. The War Room provides a chronological overview of incidents, facilitating quick decision-making, while App Central offers access to customizable playbooks and integrations with existing security tools. This innovation aims to close the investigation gap in security operations, delivering actionable insights and support for enterprise leaders in managing cybersecurity.

Sumo Logic (Nasdaq: SUMO) will report its fourth quarter and full year financial results on March 8, 2022, after market close. A conference call will follow at 1:30 PM PT to discuss these results and key business highlights. The call can be accessed by dialing designated numbers for U.S. and international callers. Sumo Logic specializes in continuous intelligence software that helps organizations tackle data challenges from digital transformation and cloud computing. Over 2,100 customers leverage its Continuous Intelligence Platform for actionable insights.

Sumo Logic has appointed Stewart Grierson as its new Chief Financial Officer, effective Dec. 13, 2021. With over 25 years of experience in finance and operations, including leadership roles at Delphix and ArcSight, Grierson aims to enhance operational efficiency and investor relations. Amid the growing need for digital-first strategies, Sumo Logic is positioned as a leader in real-time data analytics. The company’s Continuous Intelligence Platform addresses critical data challenges, aiming to capitalize on a substantial market opportunity.

Sumo Logic (Nasdaq: SUMO) reported third quarter fiscal 2022 revenue of $62.0 million, a 20% increase year-over-year. Revenue, excluding its largest customer, reached $57.4 million, up 19%. GAAP operating loss was $31.4 million and net loss was $30.8 million, or $0.28 per share. For Q4, the company expects revenue between $63.7 million and $64.7 million, an 18% to 20% growth forecast. Despite losses, Sumo Logic continues its growth trajectory and enhancements in its platform to meet increasing demands.

Sumo Logic (Nasdaq: SUMO) introduced new AWS Quick Start integrations to enhance cloud security monitoring. This includes support for Amazon Inspector and aligns with the AWS Security Reference Architecture. These integrations automate security event analysis, allowing customers to streamline their cloud migration and address threats effectively. Additionally, Sumo Logic received the ISV Partner of the Year award from Amazon Web Services. With these advancements, the company aims to provide actionable insights and reinforce its position as a trusted partner for cloud security.

Sumo Logic (Nasdaq: SUMO) announced enhanced tracing visibility into AWS Lambda functions, leveraging AWS CloudWatch, CloudTrail, and OpenTelemetry. This upgrade enables full end-to-end application visibility, supporting developers in monitoring resource utilization and performance. Sumo Logic has also been recognized as an AWS Lambda Ready Partner and awarded ISV Partner of the Year by AWS. These advancements position Sumo Logic as a leader in continuous intelligence, providing insights crucial for digital transformation and improved application management.