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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 five Telly Awards for their collaboration on the Domopalooza 2021 Opening Keynote. Honors include a Gold Telly for Online General-Show Opening Segment and four additional awards across various categories. The Telly Awards recognize excellence in video and television, attracting over 12,000 entries globally. John Mellor, Domo's Chief Strategy Officer, emphasized the importance of delivering an exceptional virtual user experience. This recognition highlights Domo's commitment to innovation and excellence in business intelligence.
Domo (Nasdaq: DOMO) announces its integration with Snowpark, enhancing developers' capabilities on its BI platform. This integration facilitates the use of languages like Scala and Java for custom solutions, streamlining data management for enterprises. Domo supports Snowflake's Java/Scala User Defined Functions (UDFs), enabling users to edit code directly on the Domo platform. The partnership aims to provide actionable data insights, allowing businesses to leverage their data more effectively.
Domo (Nasdaq: DOMO) has launched its new Domo Everywhere offering, enhancing embedded analytics solutions to improve customer experiences and create revenue streams. This platform consolidates existing analytics products, offering organizations a comprehensive solution for data sharing and collaboration. Domo Everywhere allows users to monetize data effectively while ensuring security and governance. Additionally, companies like Emerson are leveraging its capabilities for IoT data integration, enhancing customer engagement through personalized solutions. Domo Everywhere is now available for deployment.
Domo (Nasdaq: DOMO) announced its participation in the Baird 2021 Global Consumer, Technology & Services Conference. The management will present virtually on June 10, 2021, at 10:15 AM ET. Interested parties can access the live webcast through Domo's Investor Relations website. Domo is dedicated to empowering organizations with its cloud-based Business Intelligence tools, facilitating rapid decision-making and operational efficiency. For further details about Domo's offerings, visit their website.
Domo, Inc. (Nasdaq: DOMO) reported fiscal Q1 results for the period ending April 30, 2021, with total revenue of $60.1 million, marking a 24% year-over-year increase. Subscription revenue reached $52.1 million (up 23%), constituting 87% of total revenue. Billings grew 25% to $58.2 million. Remaining performance obligations stood at $284.3 million, a 24% increase. GAAP net loss was $18.1 million ($0.58 per share). Domo forecasts Q2 revenue between $60.0 million and $61.0 million, with full-year revenue expected between $246.0 million and $252.0 million.
Domo (Nasdaq: DOMO) received an honorable mention in the Fast Company 2021 World Changing Ideas Awards for its COVID-19 tracker, which curates and shares data from trusted sources. The tracker, created in March 2020, updates data every 10 minutes and allows users to explore pandemic statistics globally or locally. It is designed for easy embedding by users and has been utilized by nearly 800 customers. Domo's tracker also recently won two Webby Awards in the Data Management category, reflecting its significant impact on business metrics during the pandemic.
Domo (Nasdaq: DOMO) will present at three upcoming conferences: the 16th Annual Needham Virtual Technology & Media Conference on May 20, 2021, at 3:45 PM ET; Cowen's 49th Annual Technology Media & Telecom Conference on June 2, 2021, at 3:50 PM ET; and the William Blair 41st Annual Growth Stock Conference on June 3, 2021, at 5:00 PM ET. Live webcasts will be available on Domo's Investor Relations website. Domo empowers organizations with its Business Cloud, enabling rapid BI processes at scale.
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