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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) released a report revealing that businesses could save
Domo (Nasdaq: DOMO) will announce its financial results for the fourth quarter and full year of fiscal 2023, ending January 31, 2023, after the market closes on March 6, 2023. A conference call will be held at 3:00 p.m. (MT) to discuss these results with investors and stakeholders. Participants must register in advance for the call. A replay will be available until March 20, 2023. Domo offers a low-code data app platform aimed at transforming business operations by enhancing data accessibility and insights.
Domo (NASDAQ: DOMO) has announced Domopalooza 2023, a virtual event scheduled for March 29, 2023. This ninth annual event features business and tech leaders from companies like Constellium and CleanChoice Energy, who will share insights on leveraging data for enhanced business impact. The event includes workshops, roundtable discussions, and training sessions aimed at modernizing business processes through data utilization. Attendees are encouraged to register and explore an agenda with over 20 breakout sessions designed to showcase Domo’s innovative approaches to business intelligence.
Domo (Nasdaq: DOMO) will present at the 25th Annual Needham Growth Conference on Thursday, January 12, 2023, at 10:15 am ET. The presentation can be accessed via a live webcast on Domo's Investor Relations website. Domo's platform empowers users to create data applications, streamlining business processes significantly. This event highlights Domo's commitment to innovation and its role in transforming business data utilization.
Domo has been recognized as the top vendor in the Dresner Advisory Services’ 2022 Analytical Platforms Market Study, outperforming 15 other companies. This ranking reflects Domo's functionality, validated by user feedback and analyst input. The company has achieved seven distinctions from Dresner this year, including top rankings across several key studies. Domo's CEO commented on the significance of this recognition in enhancing customer outcomes by providing an integrated technology platform for business intelligence.
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.
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