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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) has been recognized as a top vendor in the Dresner Advisory Services’ 2021 Embedded Business Intelligence Report. This ranking highlights Domo's strength in user features, platform integration, and interface integration. The report emphasizes the growing importance of Embedded Business Intelligence among IT and business leaders, particularly in sectors like technology, government, and healthcare. Domo’s Domo Everywhere solution enhances data accessibility, enabling organizations to deliver new data experiences efficiently.
Domo, a leading Business Cloud provider (Nasdaq: DOMO), has appointed Mohammed Aaser as the new Chief Data Officer. Aaser joins from McKinsey and Company, where he advanced data strategies for numerous clients. In his new role, he will enhance customer data experiences and collaborate with over 1,000 technology partners to maximize Domo's integration capabilities. Aaser emphasized Domo's unique approach to simplifying data access and usage across organizations, promising to shorten development lifecycles significantly.
Domo (Nasdaq: DOMO) announces the appointment of Mohammed Aaser as Chief Data Officer, bringing over 15 years of experience, including his previous role at McKinsey and Company. Aaser aims to enhance modern data experiences for customers and will collaborate with data partners to leverage Domo's extensive integration ecosystem. His prior achievements include leading data innovation at McKinsey and overseeing the analytics practice at Ameriprise Financial. Founder Josh James highlighted Aaser's passion for making data accessible and actionable, which aligns with Domo's mission to streamline business processes.
Domo (Nasdaq: DOMO) has announced its participation in the 24th Annual Needham Growth Conference on January 11, 2022, at 12:30 PM ET, and the Jefferies Virtual Software Summit on January 12, 2022, at 12:00 PM ET. Live webcasts will be accessible on the Domo Investor Relations website. Domo aims to transform business management via its Business Cloud platform, offering quick solutions for critical processes.
Domo (Nasdaq: DOMO) has been named to Nucleus Research’s Hot Companies to Watch in 2022 list, recognized for its strong enterprise adoption and advanced capabilities in its modern BI platform. This acknowledgment highlights Domo's ability to drive customer value and improve business management through data. Nucleus Research evaluated vendors based on market position and growth potential, reinforcing Domo's momentum and recent successes in transforming business processes.
Domo (Nasdaq: DOMO) has partnered with the
Domo (Nasdaq: DOMO) has been recognized as a top vendor in Dresner Advisory Services’ inaugural Analytical Platforms Market Study, highlighting its strengths in self-service BI, data science, and machine learning. This ranking marks Domo's fourth recognition from Dresner in 2021, further establishing its leadership in providing integrated analytical solutions. Domo's cloud-native platform enables rapid data utilization for businesses, supporting timely decision-making. Howard Dresner emphasized the significance of core analytical functionality in achieving this ranking.
Domo, Inc. (Nasdaq: DOMO) reported its fiscal third quarter results for the period ending October 31, 2021. Total revenue reached $65.1 million, up 21% year-over-year, with subscription revenue also at $56.6 million, representing 87% of total revenue. Billings increased 26% to $70.2 million. Remaining Performance Obligations stood at $296.9 million, a 19% rise year-over-year. The company reported a GAAP net loss of $28.5 million and had cash and cash equivalents of $84.2 million as of the quarter's end.
Domo (Nasdaq: DOMO), provider of the Domo Business Cloud, will present at the Credit Suisse 25th Annual Technology Conference on December 1, 2021, at 11:20 AM ET. A live webcast of the presentation will be accessible on the Domo Investor Relations website. Domo aims to transform business management by delivering Modern BI for All, enabling critical processes to be completed in minutes or seconds, improving efficiency significantly.
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