Wrapping up Q4 earnings, we look at the numbers and key takeaways for the data and analytics software stocks, including C3.ai (NYSE:AI) and its peers.
Data is the lifeblood of the internet and software, and its importance to businesses continues to accelerate. Tracking sensors, ubiquitous mobile devices, and every action in every app are producing an explosion of analyzable data which increasingly gets stored in public cloud environments. This drives demand for a variety of software solutions, from databases to analytics software, which help companies derive actionable nsights from the data to better understand customer preferences, supply chains, and forecast at ever more granular levels to improve their competitive advantage.
The 12 data and analytics software stocks we track reported a solid Q4; on average, revenues beat analyst consensus estimates by 4.62%, while on average next quarter revenue guidance was 1.57% above consensus. Tech stocks have been under pressure since the end of last year , but data and analytics software stocks held their ground better than others, with share price down 6.96% since earnings, on average.
C3.ai (NYSE:AI)
Founded in 2009 by enterprise software veteran Tom Seibel, C3.ai (NYSE:AI) provides software that makes it easy for organizations to add artificial intelligence technology to their applications.
C3.ai reported revenues of $69.7 million, up 42% year on year, beating analyst expectations by 3.89%. It was a very strong quarter for the company, with an exceptional revenue growth and a significant improvement in gross margin.
“Our third quarter results displayed strength in all aspects of our business, including revenue growth of 42% year over year,” said CEO Thomas M. Siebel.
The stock is down 13.1% since the results and currently trades at $19.69.
Is now the time to buy C3.ai? Access our full analysis of the earnings results here, it's free.
Best Q4: Domo (NASDAQ:DOMO)
Founded by Josh James after selling his former business Omniture to Adobe, Domo (NASDAQ:DOMO) provides business intelligence software that allows managers to access and visualize critical business metrics in real-time, using their smartphones.
Domo reported revenues of $69.9 million, up 23.1% year on year, beating analyst expectations by 4.31%. It was a very strong quarter for the company, with a very optimistic guidance for the next quarter and a full year guidance beating analysts' expectations.
The stock is up 9.23% since the results and currently trades at $47.91.
Is now the time to buy Domo? Access our full analysis of the earnings results here, it's free.
Weakest Q4: Amplitude (NASDAQ:AMPL)
Born out of a failed voice recognition startup by founder Spenser Skates, Amplitude (NASDAQ:AMPL) is data analytics software helping companies improve and optimize their digital products.
Amplitude reported revenues of $49.4 million, up 75.1% year on year, beating analyst expectations by 5.26%. It was a weaker quarter for the company, with revenue guidance missing analysts' expectations for both the full year and the next quarter.
The stock is down 50.8% since the results and currently trades at $20.47.
Read our full analysis of Amplitude's results here.
MongoDB (NASDAQ:MDB)
Started in 2007 by the team behind Google’s ad platform DoubleClick, MongoDB offers database-as-a-service that helps companies store large volumes of semi-structured data.
MongoDB reported revenues of $266.4 million, up 55.8% year on year, beating analyst expectations by 9.47%. It was a strong quarter for the company, with an exceptional revenue growth and an impressive beat of analyst estimates.
MongoDB delivered the strongest analyst estimates beat among the peers. The company added 106 enterprise customers paying more than $100,000 annually to a total of 1,307. The stock is up 47.3% since the results and currently trades at $415.51.
Read our full, actionable report on MongoDB here, it's free.
Elastic (NYSE:ESTC)
Started by Shay Banon as a search engine for his wife's growing list of recipes at Le Cordon Bleu cooking school in Paris, Elastic (NYSE:ESTC) helps companies integrate search into their products and monitor their cloud infrastructure.
Elastic reported revenues of $223.9 million, up 42.5% year on year, beating analyst expectations by 6.78%. It was a strong quarter for the company, with an exceptional revenue growth and a solid beat of analyst estimates.
The company added 60 enterprise customers paying more than $100,000 annually to a total of 890. The stock is up 11.3% since the results and currently trades at $89.90.
Read our full, actionable report on Elastic here, it's free.
The author has no position in any of the stocks mentioned