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Shares of Sumo Logic (NASDAQ: SUMO) , a software analytics platform company, were rising fast today after the company reported better-than-expected third-quarter results.
Sumo Logic's top and bottom lines both outpaced Wall Street's expectations, helping to send the software-as-a-service stock up 13% as of 11:01 a.m. ET.
Sumo Logic's revenue jumped 27% in the third quarter to $79 million and beat analysts' consensus estimate of $74.1 million for the quarter.