$SUMO reports Q4 FY2023 financial results and acquisition by Francisco Partners.
Mar 7th 2023, 9:05 pm
Analyst Summary: Sumo Logic (NASDAQ: SUMO) has released its financial results for Q4 FY2023 ending on January 31, 2023. The report reveals that the company recognized $79.3 million in revenue, while also announcing that it is being acquired by entities affiliated with Francisco Partners Management, L.P. Sumo Logic will not host an earnings conference call nor provide financial guidance due to the announced transaction. The company's CEO stated, "Our fourth quarter results reflect continued momentum driven by strong customer demand for our cloud-native analytics platform". The report also includes non-GAAP financial measures for investors. A disclaimer warns that the actual results may differ from the outlined forward-looking statements, due to various factors beyond the company's control such as the impact of the proposed transaction, general market conditions, and COVID-19. More information on Sumo Logic's financial performance can be found on their investors' relations page, as well as their Form 10-K filing with the SEC.