In the Q3, Sumo Logic Inc 's corporate clients experienced a reduction by -0.33 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -4.79 %. During the corresponding time, Sumo Logic Inc recorded a revenue increase by 18.95 % year on year, sequentially revenue grew by 1.01 %. While revenue at the Sumo Logic Inc 's corporate clients fell by -0.34 % year on year, sequentially revenue fell by -3.77 %.
Customers of Sumo Logic Inc saw their costs of revenue decrease by -0.33 % in Q3 compare to a year ago, sequentially costs of revenue were trimmed by -4.79 %, for the same period Sumo Logic Inc recorded revenue increase by 18.95 % year on year, sequentially revenue grew by 1.01 %.
Sumo Logic Inc's Comment on Sales, Marketing and Customers
Our customers range from cloud-native organizations to those who are undergoing digital transformation and range from small and medium-sized enterprises to businesses in the Fortune 500.
We view our customer success efforts and our community of customers as key to driving adoption of our solution and creating an unparalleled experience for our customers. Our customer support team uses our own platform to gain customer intelligence before we receive support queries, allowing us to leverage a small number of support personnel across our entire customer base. Relying on our own solutions internally also allows us to continue to iterate and improve our platform for all users. Our customer support organization works closely with our research and development function to ensure that customer feedback and community input is promptly incorporated and addressed as we continuously improve our platform.
Our sales and marketing organizations work together closely to drive market awareness, build a strong sales pipeline, and cultivate customer relationships to drive revenue growth.
We sell subscriptions to our platform and service offerings through our direct and indirect sales organizations. Our direct sales organization is comprised of inside sales and field sales professionals who are segmented by customer size based on either customer headcount or amount of customer spend. These sales teams are dispersed geographically to reach potential customers worldwide. Our direct sales organization also leverages our network of channel partners to expand our reach to additional sectors and industries, especially internationally. Our resellers market and sell our offerings throughout the world and provide a go-to-market channel in regions where we do not have a direct presence. In addition, we generate sales of subscriptions to our platform through our self-service offering, as well as a free version that allows potential customers to use certain functionalities for a limited volume of data and experience the benefits of our platform.
Sumo Logic Inc’s Comment on Sales, Marketing and Customers
Our customers range from cloud-native organizations to those who are undergoing digital transformation and range from small and medium-sized enterprises to businesses in the Fortune 500.
We view our customer success efforts and our community of customers as key to driving adoption of our solution and creating an unparalleled experience for our customers. Our customer support team uses our own platform to gain customer intelligence before we receive support queries, allowing us to leverage a small number of support personnel across our entire customer base. Relying on our own solutions internally also allows us to continue to iterate and improve our platform for all users. Our customer support organization works closely with our research and development function to ensure that customer feedback and community input is promptly incorporated and addressed as we continuously improve our platform.
Our sales and marketing organizations work together closely to drive market awareness, build a strong sales pipeline, and cultivate customer relationships to drive revenue growth.
We sell subscriptions to our platform and service offerings through our direct and indirect sales organizations. Our direct sales organization is comprised of inside sales and field sales professionals who are segmented by customer size based on either customer headcount or amount of customer spend. These sales teams are dispersed geographically to reach potential customers worldwide. Our direct sales organization also leverages our network of channel partners to expand our reach to additional sectors and industries, especially internationally. Our resellers market and sell our offerings throughout the world and provide a go-to-market channel in regions where we do not have a direct presence. In addition, we generate sales of subscriptions to our platform through our self-service offering, as well as a free version that allows potential customers to use certain functionalities for a limited volume of data and experience the benefits of our platform.
Sources:
Sumo Logic Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Sumo Logic Inc’s corporate clients.
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