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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 partnered with MATTER, a Minnesota-based NGO, to enhance the MATTER Innovation Hub (MIH). This initiative aims to improve student-centered learning globally by providing access to modern technology and educational resources. Since its inception in 2017, MIH has expanded to 12 sites across five countries, affecting over 11,000 students. Domo's involvement will enhance data collection and analysis, helping MATTER measure program success and student outcomes, thereby promoting creativity and problem-solving skills among students.
Domo, Inc. (Nasdaq: DOMO) reported fiscal Q3 results for the period ending October 31, 2022, with total revenue of $79.0 million, a 21% year-over-year increase. Subscription revenue reached $69.0 million (up 22% YOY), comprising 87% of total revenue. Billings grew by 5% to $74.0 million, while Remaining Performance Obligations rose 19% to $354.3 million. The company reported a GAAP net loss of $23.7 million and a non-GAAP net loss of $4.5 million. Domo maintains a positive outlook, forecasting Q4 revenue between $77.0 million and $78.0 million.
Domo (Nasdaq: DOMO) has joined the Amazon SageMaker Ready Program, positioning itself as a validated partner that helps clients accelerate their machine learning (ML) integration via Amazon SageMaker. This program aids customers in discovering AWS-supported solutions and enhances visibility for Domo's products in the AWS ecosystem. Domo's automated machine learning capabilities make ML accessible to a broader audience, enabling faster data insights and improved business processes. CEO John Mellor emphasized the significance of this partnership in unlocking data potential.
Domo (Nasdaq: DOMO) will present at the Credit Suisse 25th Annual Technology Conference on November 29, 2022, at 9:35 AM ET. The conference aims to showcase innovations in technology, highlighting Domo's capabilities in transforming business through its Domo Business Cloud. A live webcast of the presentation will be accessible via Domo's Investor Relations website.
For more insights into Domo's strategy and offerings, visit www.domo.com.
Domo (Nasdaq: DOMO) has been recognized as a leader in Nucleus Research's 2022 Embedded Analytics Technology Value Matrix. The evaluation highlights Domo's Domo Everywhere offering, praised for its customizable features and ease of use, enabling clients to streamline external reporting and automate workflows. Analysts noted the platform's scalability, supporting enterprise adoption without increasing operational costs. CEO John Mellor expressed pride in the recognition, emphasizing Domo's role in facilitating actionable data for improved business outcomes.
Domo, a data platform company, announced it will release its third quarter fiscal 2023 results on December 8, 2022. The earnings report will follow the market close, with a conference call scheduled at 3:00 p.m. MT and 5:00 p.m. ET to discuss the results. Interested parties can register for the call in advance, and a live webcast will be available on Domo's Investor Relations website. A replay will be accessible until December 22, 2022.
Domo (Nasdaq: DOMO) has been awarded the “Customers’ Choice” distinction in the Gartner Peer Insights Voice of the Customer report for Analytics and Business Intelligence Platforms. Customers rated Domo a 4.4 or higher in key categories, including product capabilities and support, with 94% of users recommending the platform. CEO John Mellor emphasized that this recognition underscores the company's commitment to helping customers derive value from their data efficiently.
Domo (NASDAQ: DOMO) partners with Cosmo Energy Holdings (TSE: 5021) to enhance data democratization through Domo's cloud platform. After a successful proof of concept, Cosmo aims to leverage Domo's scalable platform for improved business decisions and efficiency. The collaboration supports Cosmo's digital transformation initiatives, having received recognition for its efforts. With training programs for over 7000 employees, Domo's platform seeks to enable data-driven actions across all levels of the organization.
Domo (NASDAQ: DOMO) has been recognized as a Technology Leader and Credibility Leader in Dresner Advisory Services’ 2022 SME Business Intelligence (BI) Market Study. This recognition marks Domo's sixth accolade from Dresner in 2022. The study highlights that operations, executive management, and sales are key drivers of BI in smaller firms. Domo CEO John Mellor expressed pride in the achievement, emphasizing the company's commitment to excellence in technology and customer service, which enhances efficiency and business outcomes.
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