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This statistic highlights Sumo Logic’s Revenue by Region, split between the United States and other International countries, reported on a quarterly basis from Q1 2020 onwards.
Sumo Logic is based on a globally distributed data retention architecture that makes all log data instantly available for analysis, removing the need for a company to handle the cost and complexity of data archiving, backups, and restoration.
|Revenue by region||Q2 2021||Q1 2022||Q2 2022||Revenue contribution in Q2 2022|
(All figures in millions, except percentages)
Sumo Logic’s total revenue increased from $49.41 million in Q2 2021 to $58.84 million in Q2 2022, which was an increase of 19% in total. The United States account for the maximum contribution. In 2021, this was a figure of about 83% of the total revenue. On the other hand, during the same time period, the revenue from International countries accounted for $10 million, that is 17% of the total revenue.
The headquarters of Sumo Logic are in Redwood City, California, United States. Their cloud-native, multi-tenant platform helps to make data-driven decisions and reduces time to investigate security and operational issues in the US. Sumo Logic helps customers make real-time decisions and run their businesses. That means they can process hundreds of petabytes of data per day, with tens of millions of requests, without breaking a sweat.
The revenue from US increased from $41.66 million in Q2 2021 to $48.82 million in Q2 2022. Throughout the last three quarters, the revenue remained between a close range of $40 million to $49 million. In Q2 2022, the United States accounted for the maximum contribution, which was 83% of the total revenue. This figure amounted to $48.82 million, while the total revenue stood at $58.84 million.
As worldwide firms undergo digital revolutions and adopt cloud-based technologies, the company thinks that demand for Continuous Intelligence and the capabilities of their platform will continue to grow. With sales offices in Sydney, Australia, Tokyo, Japan, and London, United Kingdom, Sumo Logic currently has a sales presence throughout Asia-Pacific-Japan, or APJ, and Europe. They continue to expand their global reach with over 175 international channel partners.
In the recent quarters, we see that Sumo Logic’s revenue from International countries increased from $7.74 million in Q2 2021 to $10 million in Q2 2022, which accounted for a good increase of 29.19%. However, in comparison to the revenue from the United States, the revenue from International countries accounts for just 17% of the total revenue in Q2 2022.
Sumo Logic expect their revenue growth rates to slow as they grow their business, for a variety of reasons, including more difficult comparisons to prior periods as their revenue grows, slowing demand for their platform, increasing competition, a decrease in their renewal rates, a decrease in overall market growth or market saturation, and failure to capitalize on growth opportunities. Furthermore, due to worldwide societal and economic instability caused by the COVID-19 pandemic, their growth rates are anticipated to become more volatile and even drop.
Sumo Logic enables businesses to bridge the intelligence divide. Sumo Logic is the creator of Continuous Intelligence, a new product category that helps businesses of all sizes manage the difficulties and opportunities posed by digital transformation, modern apps, and cloud computing. Their Continuous Intelligence Platform automates the collection, ingestion, and analysis of application, infrastructure, security, and IoT data, allowing enterprises to generate actionable insights in seconds. Continuous intelligence is a multi-tenant cloud service that uses artificial intelligence and machine learning to help enterprises deliver more reliable apps and digital services, protect against current security risks, and continuously optimize their business processes in real time.
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