Welcome to our dedicated page for Domo Class B news (Ticker: DOMO), a resource for investors and traders seeking the latest updates and insights on Domo Class B 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) has been ranked as an 'Overall Leader' in Dresner Advisory Services' 2024 Small and Midsize Enterprise Business Intelligence Market Study, marking its eighth consecutive year as a leader. The study evaluates BI trends and usage among SMEs, highlighting that organizations prioritize data security, quality, reporting, dashboards, and visualization. Domo achieved leadership positions in both the Customer Experience Model and Vendor Credibility Model, marking its sixth Dresner distinction in 2024. The research indicates that small organizations show higher BI penetration by headcount and measure success through customer satisfaction.
Domo (Nasdaq: DOMO) has been recognized as a 'Business Intelligence (BI) One to Watch' in Snowflake's Modern Marketing Data Stack 2025 report. The recognition highlights Domo's ability to deliver real-time insights into campaign performance, customer behavior, and marketing ROI using Snowflake's AI Data Cloud.
The report analyzed usage patterns from approximately 9,800 Snowflake customers as of April 2024, identifying 10 technology categories important for marketing data stacks. The study emphasizes three core factors: AI, data gravity, and privacy, marking a significant shift from the 2022 inaugural report. Domo's selection reflects its innovative approach to data and AI integration with Snowflake, serving marketers' evolving needs in the fast-growing AI landscape.
Domo (Nasdaq: DOMO) announced that Suyesh Karki, their chief information security officer and VP of enterprise IT, has been named a 2024 Living Color Award honoree by Utah Business. This award recognizes efforts to bring greater equity and inclusion to Utah. Karki, a Nepal native, has been acknowledged for his work in mentoring Nepali and other immigrants, guiding them through American universities, providing young professionals with exposure and experience, and organizing networking events for diverse student scholarships.
At Domo, Karki is deeply involved in DEI initiatives, educating employees about his culture and experiences as an AAPI community member. He also co-founded The Ama Foundation, which aids unhoused children and youth vulnerable to human trafficking. Domo's CHRO, Madison McCord, praised Karki's leadership and commitment to promoting diversity and mentorship, highlighting its value to Domo's inclusive culture.
Domo (Nasdaq: DOMO) announced that its AI solutions suite, Domo.AI, has been named a finalist in the Business Intelligence or Analytics category of the 2024 SaaS Awards. The SaaS Awards recognize innovative software-as-a-service solutions across 56 categories. Domo.AI was selected for its ability to streamline AI model management and help businesses implement AI across organizations with proper security and governance.
Matthew Payne, VP of Engineering at Domo, stated that Domo.AI represents the next evolution of business intelligence, delivering fast, intuitive AI-powered data experiences. Domo.AI allows customers to merge their data with AI capabilities, making it easier to register and manage external AI models from providers like OpenAI, Databricks, Amazon Bedrock, and Hugging Face. These models can be leveraged in apps, workflow engines, or Magic ETL, empowering users and driving business impact.
Domo (Nasdaq: DOMO) has partnered with CARET Legal, a leading SaaS platform for legal professionals, to provide real-time analytics and a holistic view of law firm performance. This collaboration aims to empower thousands of law firms with immediate access to key insights on business health, including:
- Pre-bill amounts for future revenue forecasting
- Employee resource allocation for efficient staffing
- Clarity on aging receivables to streamline collections
The partnership also advances strategic operations by surfacing relevant data to improve budgeting, prioritize high-value cases, enhance client acquisition strategies, and optimize fee structures. Domo and CARET Legal plan to release new analytics functions for customizable data experiences across firms.
Domo (Nasdaq: DOMO) has partnered with Brooklyn Data Co., a leading data consultancy, to simplify data management and deliver actionable intelligence faster for joint users. As a Snowflake Elite Services Partner, Brooklyn Data leverages Domo's platform to provide real-time connections across customers' data sources, enabling data-driven decisions and improved outcomes.
The collaboration utilizes Domo's flexible AI services and Snowflake's AI Data Cloud to streamline data integration, enhance analytics, and optimize resource allocation. James Colvin, VP of Engineering at Brooklyn Data, highlighted Domo's all-in-one platform as a key differentiator for unlocking insights across organizations. RJ Tracy, Domo's CRO, emphasized the importance of connecting data to maximize tech investments and focus on strategic action.
Domo (Nasdaq: DOMO), an Oracle PartnerNetwork member, will present at Oracle CloudWorld 2024 and SuiteWorld 2024 in Las Vegas. The company will showcase its collaboration with Oracle in delivering AI-enhanced data analytics, connectivity, and operational efficiencies.
As a Silver sponsor of CloudWorld and Gold sponsor of SuiteWorld, Domo will highlight new capabilities that address challenges in integrating financial data from multiple sources. Key presentations include:
- Mohammed Aaser, Domo's CDO, speaking on building high-impact data teams at CloudWorld on September 11, 2024
- Kristine Friday, Principal Business Consultant, discussing NetSuite and Domo integration at SuiteWorld on September 12, 2024
Attendees can visit Domo at Booth #26 at CloudWorld and Booth #901 at SuiteWorld for more information.
Domo (Nasdaq: DOMO) has announced key leadership promotions to support its ecosystem-led growth strategy. Jeff Skousen, former Chief Revenue Officer, has been promoted to President of Worldwide Sales and Field Operations. RJ Tracy, previously SVP of Partners, Strategic Development and Channel, will take on the role of Chief Revenue Officer.
These promotions aim to align partner and sales initiatives more closely. Tracy will focus on aligning strategic partner and sales initiatives, reporting to Skousen. Skousen will oversee sales operations, international growth, ecosystem initiatives, and consumption conversion. Both executives have extensive experience within Domo, with Tracy leading the expansion of the company's partner ecosystem and Skousen building the sales machine from the ground up.
Domo (Nasdaq: DOMO) has announced a significant leadership change. David Jolley will step down as Chief Financial Officer at the end of the company's third quarter due to personal health challenges, specifically severe eyesight issues. He will transition to a Senior Advisor role, continuing to support the executive team.
Tod Crane, currently SVP of Finance, will be promoted to Chief Financial Officer. Crane, who joined Domo in 2015, has held various finance leadership roles and has been working closely with Jolley across all aspects of financial operations and investor relationships.
CEO Josh James expressed gratitude for Jolley's contributions and confidence in Crane's ability to lead Domo's financial operations as the company focuses on its path back to growth.
Domo (Nasdaq: DOMO) released its fiscal Q2 2025 results, showing a 2% year-over-year decrease in total revenue to $78.4 million. Subscription revenue was $70.9 million, while billings decreased by 3% to $68.6 million. The company reported a GAAP net loss of $19.5 million, or $0.51 per share, and a non-GAAP net loss of $2.7 million, or $0.07 per share. Domo's cash position stood at $55.7 million as of July 31, 2024.
Despite financial challenges, Domo received recognition in several industry reports and awards. The company provided guidance for Q3 fiscal 2025, expecting revenue between $77.0-$78.0 million and a non-GAAP net loss per share between $0.14-$0.18. For the full fiscal year 2025, Domo projects revenue of $313.0-$315.0 million and a non-GAAP net loss per share between $0.69-$0.77.
FAQ
What is the current stock price of Domo Class B (DOMO)?
What is the market cap of Domo Class B (DOMO)?
What does Domo, Inc. specialize in?
How does Domo's platform benefit businesses?
What type of revenue model does Domo, Inc. use?
Who are the target users of Domo's platform?
How is Domo backed financially?
Can Domo's platform be accessed on mobile devices?
What recent achievements has Domo, Inc. accomplished?
What industries does Domo, Inc. cater to?
How does Domo ensure data security and integrity?
Where can I find the latest news about Domo, Inc.?
