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Domo Inc - DOMO STOCK NEWS

Welcome to our dedicated page for Domo news (Ticker: DOMO), a resource for investors and traders seeking the latest updates and insights on Domo stock.

Overview of Domo Inc

Domo Inc offers a sophisticated cloud-based platform that integrates data from multiple sources and systems, enabling organizations to harness real-time business intelligence and analytics. With its subscription-based model, the platform serves as a central hub where data is seamlessly connected, processed, and delivered to users on any device, including smartphones. Keywords such as "cloud-based analytics", "business intelligence", and "enterprise software" are at the heart of its service offering.

Integrated Data and Mobile Accessibility

Domo is designed to optimize business operations by ensuring that data, insights, and key personnel are connected regardless of location. The platform provides an intuitive interface that allows users to receive notifications and perform actionable tasks on the go. Every employee, from top executives to frontline workers, can leverage the power of immediate and informed decision making through a securely integrated ecosystem.

Business Model and Revenue Generation

The company operates on a subscription-based revenue model, where organizations select tailored service plans that suit their operational needs. Alongside its core subscription service, Domo offers professional services that help businesses implement and optimize the use of its digital platform. This model supports scalable growth while ensuring continuous access to innovative data management and analytics solutions.

Key Features and Technological Strengths

Domo's platform is built to handle the complexities of modern data integration across various systems. Important features include:

  • Real-Time Data Access: Immediate visibility into operational metrics enables users to respond swiftly to market changes.
  • Cross-Device Functionality: Consistent, mobile-first experiences make data actionable on any platform.
  • Actionable Notifications: Automated alerts and system updates foster proactive engagement with business processes.
  • Data-Driven Collaboration: The platform facilitates collaboration across departments by connecting key stakeholders with the precise data they need.

Competitive Landscape and Market Position

Within the competitive domain of cloud-based analytics and digital transformation, Domo distinguishes itself through its comprehensive integration approach. Unlike platforms that cater solely to data analytics or business intelligence, Domo’s technology bridges the gap between raw data and strategic action. Its ability to connect disparate data systems, coupled with a strong subscription and professional service model, provides a unique value proposition that challenges traditional data management solutions in the industry.

Expertise and Operational Efficiency

Backed by significant investment and guided by a management team with deep roots in renowned technology companies, Domo Inc exhibits a strong foundation of industry expertise. This experience translates into a platform that not only handles vast arrays of data but also transforms them into clear, actionable insights. The company’s operational efficiency is reflective of its dedication to bridging technical innovation with practical business needs, thereby reinforcing its position as a trusted resource for enterprise-level data management.

Industry Terminology and Insights

For investors and industry experts, understanding the underlying technology and service model is crucial. Domo leverages advanced cloud computing and SaaS methodologies to ensure that its platform remains robust and scalable. This strategic use of technology, combined with its seamless integration of mobile accessibility, aligns it with broader trends in digital transformation. Detailed analysis of its approach reveals a commitment to improving business outcomes by ensuring that data-driven decision-making becomes an integral part of all organizational levels.

Concluding Insights

Domo Inc stands as a comprehensive solution in the realm of business intelligence and cloud-based analytics. By uniting critical data streams, systems, and personnel, the platform not only boosts internal efficiencies but also empowers organizations to respond dynamically to market developments. The transparent and expert-driven nature of its service offering makes it a significant entity within its competitive landscape.

Rhea-AI Summary
Domo (Nasdaq: DOMO) has won five Dresner Advisory Services 2023 Technology Innovation Awards, showcasing its excellence in Analytical Platforms, Cloud Computing + BI, Embedded BI, Guided Analytics, and Self-Service BI. The awards highlight Domo's innovation and customer-centric approach, empowering businesses to drive growth and competitiveness.
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Domo, Inc. (DOMO) reported its fiscal fourth quarter and full year fiscal 2024 results, with total revenue of $80.2 million and $319.0 million respectively. The company saw a 1% increase in total revenue for the quarter and a 3% increase for the full year. Subscription revenue increased by 2% year over year for the quarter and 5% for the full year. Billings for the quarter were $105.4 million, up 1% year over year, and $321.1 million for the full year, a decrease of 1% year over year. GAAP net loss was $18.7 million for the quarter and $75.6 million for the full year. Non-GAAP net loss was $1.9 million for the quarter and $8.8 million for the full year. Domo provided guidance for its first fiscal quarter and full year fiscal 2025, expecting revenue in the range of $79.0 million to $80.0 million for Q1 and $315.0 million to $323.0 million for the full year.
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Domo (DOMO) to release Q4 and full-year fiscal 2024 results on March 7, 2024, followed by a conference call for financial discussion.
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Domo (Nasdaq: DOMO) partners with Home Franchise Concepts, a leading franchisor, to improve business decisions and data sharing. The partnership enables Home Franchise Concepts to streamline processes, create dashboards, and optimize business opportunities using Domo Everywhere.
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Domo (DOMO) extends debt maturity to April 1, 2026, under favorable market terms. CFO David Jolley highlights the importance of aligning capital structure with market prospects and plans for a longer-term facility to enhance financial position.
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Domo's Chief Marketing Officer, Mark Boothe, wins Utah Business Magazine's SAMY award for Marketing Leadership. Boothe's customer-centric approach has led to significant results, including a 136% increase in Community Forum visits. His initiatives like Domo Central and Domo Connections Tour have strengthened customer relationships and driven impressive outcomes.
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Domo's CTO and Sr. Director of AI Labs named to AI Utah 100 for their contributions to AI innovation. Daren Thayne recognized as an Integrator for developing Domo.AI framework, while Kristie J. Rowley, PhD honored as a Builder for innovating advanced AI solutions at Domo.
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Domo (Nasdaq: DOMO) announced that Falvey Insurance Group has chosen Domo to bring together its disparate data sources into a single platform, resulting in 5x revenue growth. Falvey, a leading cargo insurance provider in the US, struggled with accessing proprietary data systems, causing delays in reporting. Domo's connectors enabled real-time data access, improving decision-making.
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Domo (DOMO) has secured the first-place ranking in the latest Dresner Advisory Wisdom of Crowds Analytical Platforms Market Study. This marks the sixth Dresner distinction for the company in 2023. The ranking is based on confirmed functionality and collective end-user feedback, showcasing the company's full-stack, cloud native technology platform that supports multiple analytical and BI use cases.
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Domo (Nasdaq: DOMO) has been named a finalist for the 2023 Cloud Awards in the Best Use of Artificial Intelligence (AI) category. Domo.AI is recognized for its excellence and innovation in cloud computing, enabling customers to easily manage, deploy, and optimize AI and ML models. The solution is built on Domo’s cloud-native platform and offers comprehensive and flexible AI framework and tool set, including Large Language Models (LLMs) and generative AI capabilities. Domo's Domo.AI solution spans generative AI, natural language processing, text translations, audio transcription, and more.
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FAQ

What is the current stock price of Domo (DOMO)?

The current stock price of Domo (DOMO) is $6.64 as of April 4, 2025.

What is the market cap of Domo (DOMO)?

The market cap of Domo (DOMO) is approximately 257.1M.

What is the core business of Domo Inc?

Domo Inc provides a cloud-based platform that integrates data, systems, and people to deliver real-time business intelligence and analytics across organizations.

How does Domo generate its revenue?

The company operates on a subscription-based model, offering its cloud services along with professional services to help implement and optimize data-driven solutions.

What are the key features of Domo's platform?

Its main features include real-time data access, cross-device functionality, actionable notifications, and a strong focus on data integration that connects all parts of an organization.

How does Domo support mobile and remote business operations?

Domo's platform is designed with mobile accessibility in mind, ensuring that employees can receive alerts and act on insights from anywhere, making real-time decision making seamless.

What makes Domo's offering competitive in the market?

Domo differentiates itself by combining cloud-based analytics with a system that connects multiple data sources and stakeholders, backed by robust professional services and technological expertise.

How does Domo facilitate data-driven decision making for businesses?

The platform provides real-time notifications and an integrated view of business data, enabling all levels of an organization to make informed and timely decisions.

How is Domo integrated into existing business systems?

Domo connects with various existing data systems and processes, ensuring a seamless integration that allows for data capture, analysis, and actionable insights across organizational layers.
Domo Inc

Nasdaq:DOMO

DOMO Rankings

DOMO Stock Data

257.13M
33.33M
6.41%
71.16%
3.99%
Software - Application
Services-prepackaged Software
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United States
AMERICAN FORK