According to a recent report, the global big data market is estimated to grow from $138.9 billion in 2020 to $229.4 billion by 2025 at 10.6% CAGR. Redwood City-based Sumo Logic (NASDAQ: SUMO) is a leading structured and unstructured data services provider that continues to expand services through acquisitions.

Sumo Logic’s Financials

Recently, Sumo Logic announced its first-quarter results. Revenues grew 15% to $54.2 million and non-GAAP loss was $0.11 per share. The market was looking for revenues of $53.89 million with a loss of $0.12 per share.

For the current quarter, Sumo Logic expects revenue in between $56.1-$57.1 million and a loss per share of $0.14. The market was looking for revenues of $56.69 million for the quarter with a loss of $0.14 per share. For the year, the company expects revenues between $233-$236 million with a loss per share between $0.57-$0.55. Market estimates revenues of $235.02 million for the year with a loss of $0.56 per share.

Sumo Logic’s Offerings

Recently, Sumo Logic announced its acquisition of Portland-based Sensu. Founded in 2017 by Caleb Hailey and Sean Porter, Sensu is a full-stack monitoring platform for dynamic operating environments. It gives high-velocity organizations the ability to maintain operational visibility, while also supporting software and infrastructure-as-code development best practices, and solving the challenges of monitoring in dynamic operating environments. The acquisition will accelerate Sumo Logic’s observability strategy by giving customers an affordable and scalable end-to-end solution for both infrastructure and application monitoring. Prior to the acquisition, Sensu had raised $12.5 million in two rounds of funding from Foundry Group and Battery Ventures.

Additionally, Sumo Logic also announced several new products. It recently launched a new multi-cloud and hybrid threat protection offering with Amazon Web Services called Sumo Logic Cloud SIEM Powered by AWS. It incorporates security intelligence including compliance, security analytics, and Cloud SIEM technologies with out-of-the-box integrations with AWS security services, Azure, Google Cloud, and on-premises services. It also launched Sumo Organizations, the first DevOps and security multi-tenant solution that enables visibility into operational and security intelligence across multiple customer accounts. This new multi-account management solution provides managed service providers and large enterprises with increased visibility and control across their managed operations, departments, and teams.

Sumo Logic’s stock is trading at $19.41 with a market cap of $2.2 billion. It touched a 52-week high of $46.37 in February and a 52-week low of $15.80 in May. It went public in September last year when it raised $325.6 million at a valuation of $2.2 billion at a list price of $22. Prior to the listing, it had raised $340 million in six rounds from investors including Franklin Templeton Investments, Battery Ventures, Tiger Global Management, Stutter Hill Ventures, Accel, Sequoia Capital, DFJ Growth, IVP, Sapphire Ventures, and Greylock.