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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 has achieved HITRUST Certified status for information security, validating its commitment to risk management and compliance. The Domo platform, hosted on AWS, meets key regulations and protects customer data across industries, including finance and healthcare. The certification highlights Domo’s investment in security through rigorous audits and assessments. The company’s Security Council oversees continuous adherence to best practices, ensuring enterprise-level data protection. This accomplishment positions Domo among elite organizations internationally, reinforcing its reputation in the cloud services market.
Domo (NASDAQ: DOMO) will release its second quarter fiscal 2023 results on August 25, 2022, after the market closes. A conference call to discuss these results will be held at 3:00 p.m. (MT) / 5:00 p.m. (ET). Interested participants can register in advance through the provided link. A live webcast will be accessible on Domo's Investor Relations website, and a replay will be available post-call. Domo's platform enhances data accessibility, aiming to optimize critical business processes quickly.
Domo (Nasdaq: DOMO) announced its participation in the KeyBanc Technology Leadership Forum on August 8, 2022, at 4:30pm ET. A live webcast of the presentation will be accessible on Domo's Investor Relations website. Domo transforms businesses by enabling data-driven decision-making through its low-code data app platform, allowing users to optimize critical processes significantly faster than traditional methods. For more information, visit Domo's website.
Domo (Nasdaq: DOMO) announced a partnership with HelloFresh to enhance its HR operations using Domo's business intelligence platform. This collaboration follows a successful three-week proof of concept where Domo demonstrated its ability to efficiently integrate multiple data sets, improving workforce analytics for HelloFresh, which has over 10,000 employees in the U.S. With plans to broaden this partnership, HelloFresh aims to utilize Domo for recruitment, employee engagement, and workforce management.
Domo (NASDAQ: DOMO) and Webáta have launched FindingFormula.org, a platform designed to assist parents amid the ongoing baby formula shortage. The site leverages Webáta's inventory data from major retailers like Walmart and Target, using Domo’s low-code data app platform to provide real-time stock information. This initiative aims to simplify the search for baby formula, particularly for those with specific health requirements. In-stock data is updated daily, enhancing accessibility for caregivers across North America.
Domo (Nasdaq: DOMO) has been recognized as a leader in Nucleus Research’s 2022 Analytics Technology Value Matrix for the second year in a row. The accolades highlight Domo's robust integration development tools and its enhanced multi-cloud capabilities. According to CEO John Mellor, the company aims to transform businesses by leveraging data effectively. The recognition is attributed to the platform's sophistication, ease of use, and continued investments in data management and analytics, positioning Domo favorably against competitors in the BI landscape.
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