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Domo, Inc. (DOMO) is a leading company that provides a cloud-based platform aimed at optimizing business performance by connecting data, systems, and people within an organization. With an impressive backing of over $500 million from top-tier investors and spearheaded by seasoned professionals from renowned technology companies, Domo ensures real-time access to data and insights, empowering every employee from the CEO to the frontline workers.
The Domo platform serves as a subscription-based service, enabling users to manage their business operations from their smartphones. Key features include real-time notifications on any device, immediate actions on invitations, and seamless write-backs to the original systems of record. This innovative approach allows businesses to stay agile, make data-driven decisions, and improve overall efficiency.
Recent achievements include expanding their customer base and continuously enhancing their platform's capabilities to meet the evolving needs of modern businesses. Domo's partnerships with various industries highlight its versatility and effectiveness in diverse business environments.
Financially, Domo has shown steady growth, driven by its strong subscription revenue model and professional services. The company's focus on continuous improvement and customer satisfaction places it as a significant player in the cloud-based business intelligence sector.
Stay updated with the latest news and developments about Domo, Inc. to understand its impact on the business intelligence landscape and its potential for future growth.
Domo (Nasdaq: DOMO) has launched a new multi-cloud data offering named Domo Cloud Amplifier, designed to facilitate seamless data integration across various cloud platforms. This solution allows businesses to unify data governance and gain real-time insights from existing data resources, enhancing their reporting capabilities. Key integrations include read and write access to Snowflake, read-only access to Dremio, and beta access to Amazon Redshift, Databricks, and Google Cloud’s BigQuery. The initiative addresses challenges organizations face with data silos, enabling faster access to actionable insights and improving operational efficiency.
Domo (NASDAQ: DOMO) has scheduled a virtual investor session for April 4, 2023, at 10:00am MT / 12:00pm ET. This session aims to provide insights to investors and financial analysts regarding Domo's cloud-native data experience platform, which enhances business processes through actionable data solutions.
A live webcast will be available on the Domo Investor Relations website. Domo's platform is designed to optimize business processes and foster significant results, connecting with both cloud and legacy systems.
Domo (NASDAQ: DOMO) recently held its inaugural Community Ovation Awards, celebrating customers who significantly impact their organizations through innovative data solutions. The awards featured over 350 nominations across 11 categories including the Most Innovative Application, Rookies of the Year, and Overall Excellence. Key winners included Megan Cappel from iPro Systems for Most Innovative Application and James Ly from Disney Streaming Services for Overall Excellence. Domo aims to empower users with a cloud-native data experience platform that transforms data into actionable insights.
Domo has launched new low-code and pro-code features aimed at enhancing data accessibility for users across all skill levels. Key offerings include integration with the Microsoft Office Suite, new Variables for dashboard flexibility, and Domo Bricks for creating custom applications. The company also introduced Automated Workflows in beta and Jupyter Workspaces for advanced data processing. These updates are part of Domo's strategy to empower organizations to achieve data-driven decisions and improve operational efficiency.
Domo (Nasdaq: DOMO) has announced the finalists for its inaugural Domo Community Ovation Awards, recognizing customers who have made significant impacts through innovative data usage. With nearly 350 submissions, the awards focus on 11 categories including Most Innovative Application, Rookie of the Year, and Executive of the Year. Winners will be revealed in a virtual ceremony on March 28, 2023, at 5 PM MT. This initiative highlights Domo's commitment to transforming businesses through data-driven solutions, further enhancing its community engagement.
Domo has announced the full agenda for Domopalooza 2023, featuring renowned speakers, including New York Times best-selling author
Domo (NASDAQ: DOMO) has been awarded the title of Best Cloud Business Intelligence or Analytics Solution in the international Cloud Awards. This recognition highlights the capabilities of Domo Apps, which provide comprehensive data-driven solutions that integrate seamlessly into existing workflows. The platform's emphasis on low-to-no code frameworks enables users at all organizational levels to leverage data effectively. With this award, Domo reinforces its position in the competitive analytics landscape, showcasing its commitment to transforming business operations through actionable insights.
Domo, Inc. (Nasdaq: DOMO) reported its fiscal fourth quarter and full-year results for 2023, revealing total revenue of $79.6 million, a 14% increase year-over-year. Subscription revenue reached $70.3 million, growing 18%. However, billings decreased 3% to $104.5 million. Remaining Performance Obligations (RPO) increased 12% to $378.2 million. The GAAP net loss was $19.8 million or $0.57 per share. For fiscal 2024, revenue guidance is projected between $323.0 million and $330.0 million, with a non-GAAP net loss per share forecasted between $0.27 and $0.39. Domo aims to capitalize on strong demand and pipeline health.
Domo, Inc. (NASDAQ: DOMO) announced significant leadership changes, including the appointment of founder Josh James as CEO, succeeding John Mellor. This leadership transition also sees David Jolley named CFO, replacing Bruce Felt, and Jeff Skousen appointed as Chief Revenue Officer. Additionally, Dan Strong and Renée Soto have joined the Board of Directors, increasing the total to seven members. The Board expressed confidence in the new leadership's ability to drive innovation and growth, with James emphasizing a strong demand for Domo's products continuing into 2023. The leadership structure aims to enhance internal alignment and better serve customers.
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