Welcome to our dedicated page for Domo news (Ticker: DOMO), a resource for investors and traders seeking the latest updates and insights on Domo stock.
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 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.
Domo has been named to the Women Tech Council's 2022 Shatter List for the fifth consecutive year, recognizing its efforts to foster inclusive workplace cultures in technology.
This honor highlights Domo's commitment to gender inclusivity, evaluating factors such as executive engagement, community investment, and diversity programming. Notably, nearly 40% of new hires in 2021 were diverse, emphasizing Domo's dedication to diversity, equity, and inclusion (DEI) initiatives.
Domo (Nasdaq: DOMO) has been recognized as the top cloud business intelligence (BI) vendor by Dresner Advisory Services in their 2022 Cloud Computing and BI Market Study. This marks the sixth consecutive year Domo has received this ranking. The study reported a 240% increase in organizations utilizing cloud BI since 2016, highlighting Domo's strengths in cloud architecture, security, and data integration. CEO John Mellor emphasized the importance of cloud BI in enhancing business agility and operational efficiency.
Domo (Nasdaq: DOMO) has announced new integrations with Microsoft 365 and Teams to enhance collaboration and data accessibility. These updates allow users to embed Domo data insights within common Microsoft applications, ensuring real-time data synchronization and intuitive usability. Notably, the Domo Teams integration enables interactive sharing and notifications directly within Teams. Daren Thayne, CTO of Domo, emphasized the importance of these tools in today's collaborative work environment. This initiative aims to empower users with immediate access to reliable data for informed decision-making.
Domo (NASDAQ: DOMO) released a Total Economic Impact™ study by Forrester, revealing organizations using its low-code data platform can achieve a remarkable ROI of 455% over three years, recouping investments in under a month. The study reported $16.04 million in benefits and $3.4 million profit from the sales enablement app. Additional savings totaled $3.5 million from procurement and $2.9 million from accounts receivable. Qualitative benefits include improved visibility, data consistency, and quicker integration of new data sources.
Domo has been recognized as a Challenger in the 2022 Gartner Magic Quadrant for Analytics and Business Intelligence platforms, marking its second consecutive appearance in this category.
This recognition is attributed to Domo's completeness of vision and ability to execute. The company boasts a 94% recommendation rate based on 72 customer reviews. CEO John Mellor emphasized Domo's capability to enhance digital transformation through data apps that integrate data with workflow to improve organizational efficiency.
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