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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) and Jmills Entertainment received seven awards at the 43rd Annual Telly Awards for their joint production of Domopalooza 2022. The awards included four Golds for Online General-Virtual Events, Online Craft-Editing, Online General-Hybrid Events, and Online General-Virtual Events. Additionally, a Silver was awarded for Online Craft-Art Direction, alongside two Bronzes for Online General-Show Opening Segment and Online Craft-Directing. These accolades highlight Domo's commitment to delivering engaging content during challenging times.
Domo (Nasdaq: DOMO) has received its sixth consecutive perfect recommendation score in the 2022 Dresner Wisdom of Crowds® BI Market Study, solidifying its position as an overall leader in the business intelligence sector. This report provides a comprehensive analysis of BI end-user trends, covering aspects like adoption, staffing, and technology. Domo's cloud-based platform is recognized for its speed, agility, and customer satisfaction, excelling in multiple product metrics including sales, technical support, and product robustness. The recognition further underscores Domo's commitment to empowering businesses through data.
Domo, Inc. (Nasdaq: DOMO) reported its fiscal first quarter results for the period ending April 30, 2022. Total revenue reached $74.5 million, a year-over-year increase of 24%. Subscription revenue also grew by 24% to $64.6 million, making up 87% of total revenue. Billings totaled $72.9 million, indicating a 25% growth year-over-year. A net loss of $32.9 million was reported, with a GAAP net loss per share of $0.99. Domo expects Q2 revenue between $76.0 million and $77.0 million, with a full-year revenue forecast of $315.0 million to $319.0 million.
Domo (NASDAQ: DOMO) announced key presentations at three upcoming conferences: the Cowen 50th Annual Technology, Media & Telecom Conference on June 1, 2022, at 8:30 am ET; the Jefferies Software Conference on June 2, 2022, at 4:30 pm ET; and the Baird 2022 Global Consumer, Technology & Services Conference on June 7, 2022, at 11:25 am ET. A live webcast will be accessible on Domo's Investor Relations website. Domo provides a low-code data app platform designed to optimize critical business processes rapidly.
Domo (Nasdaq: DOMO) has achieved the top ranking among 14 vendors in the Dresner Advisory Services’ 2022 Self-Service Business Intelligence Market Study. The study evaluated factors such as collaborative, governance, and Guided Analytics features, alongside the ease of creating insights. Domo's cloud-based platform excels through its user-friendly approach, helping enterprises leverage data effectively. Howard Dresner, founder of Dresner Advisory Services, highlighted the importance of Self-Service BI for improved decision-making.
Domo (Nasdaq: DOMO) announced a five-year renewal agreement with O’Reilly Auto Parts to expand its cloud-based data platform beyond store operations and loss prevention. O’Reilly, with over 5,800 stores across 47 states, plans to enhance data usage across various functions, including HR and marketing. The collaboration aims to improve data accessibility and efficiency, enabling faster decision-making. O’Reilly has successfully utilized Domo to streamline reporting processes and enhance operational agility since 2019, signaling a strong commitment to data-driven innovation.
Domo (Nasdaq: DOMO) will release its first quarter fiscal 2023 results on May 26, 2022, after market close. A conference call will be held at 3:00 p.m. (MT) / 5:00 p.m. (ET) to discuss these results. Participants can register for the call in advance, and a live webcast will be available on Domo's investor relations website. A replay of the call will be accessible until June 9, 2022.
Domo's low-code data app platform optimizes business processes in days, enabling data-driven actions effectively.
Domo (Nasdaq: DOMO) has been recognized as a top vendor in Dresner Advisory Services’ 2022 Guided Analytics Market Study. This ranking reflects Domo's confirmed functionality, emphasizing its ability to enhance decision-making through data storytelling. According to Dresner, 74% of users find guided analytics crucial for accelerating insights. This marks Domo's third top ranking in 2022, alongside accolades in Cloud Computing and Embedded Business Intelligence studies. Domo continues to focus on making data accessible for all users while ensuring responsible data governance.
Domo (NASDAQ: DOMO) will present at the 17th Annual Needham Technology & Media Conference on Wednesday, May 18, 2022, at 2:15 PM ET. A live webcast of the presentation will be accessible on Domo's Investor Relations website. Domo's low-code data app platform empowers users to build data applications that enhance business operations, streamlining critical processes dramatically. For more details, visit Domo's IR page.
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