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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) 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.
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.
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