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.
Overview of Domo Inc
Domo Inc offers a sophisticated cloud-based platform that integrates data from multiple sources and systems, enabling organizations to harness real-time business intelligence and analytics. With its subscription-based model, the platform serves as a central hub where data is seamlessly connected, processed, and delivered to users on any device, including smartphones. Keywords such as "cloud-based analytics", "business intelligence", and "enterprise software" are at the heart of its service offering.
Integrated Data and Mobile Accessibility
Domo is designed to optimize business operations by ensuring that data, insights, and key personnel are connected regardless of location. The platform provides an intuitive interface that allows users to receive notifications and perform actionable tasks on the go. Every employee, from top executives to frontline workers, can leverage the power of immediate and informed decision making through a securely integrated ecosystem.
Business Model and Revenue Generation
The company operates on a subscription-based revenue model, where organizations select tailored service plans that suit their operational needs. Alongside its core subscription service, Domo offers professional services that help businesses implement and optimize the use of its digital platform. This model supports scalable growth while ensuring continuous access to innovative data management and analytics solutions.
Key Features and Technological Strengths
Domo's platform is built to handle the complexities of modern data integration across various systems. Important features include:
- Real-Time Data Access: Immediate visibility into operational metrics enables users to respond swiftly to market changes.
- Cross-Device Functionality: Consistent, mobile-first experiences make data actionable on any platform.
- Actionable Notifications: Automated alerts and system updates foster proactive engagement with business processes.
- Data-Driven Collaboration: The platform facilitates collaboration across departments by connecting key stakeholders with the precise data they need.
Competitive Landscape and Market Position
Within the competitive domain of cloud-based analytics and digital transformation, Domo distinguishes itself through its comprehensive integration approach. Unlike platforms that cater solely to data analytics or business intelligence, Domo’s technology bridges the gap between raw data and strategic action. Its ability to connect disparate data systems, coupled with a strong subscription and professional service model, provides a unique value proposition that challenges traditional data management solutions in the industry.
Expertise and Operational Efficiency
Backed by significant investment and guided by a management team with deep roots in renowned technology companies, Domo Inc exhibits a strong foundation of industry expertise. This experience translates into a platform that not only handles vast arrays of data but also transforms them into clear, actionable insights. The company’s operational efficiency is reflective of its dedication to bridging technical innovation with practical business needs, thereby reinforcing its position as a trusted resource for enterprise-level data management.
Industry Terminology and Insights
For investors and industry experts, understanding the underlying technology and service model is crucial. Domo leverages advanced cloud computing and SaaS methodologies to ensure that its platform remains robust and scalable. This strategic use of technology, combined with its seamless integration of mobile accessibility, aligns it with broader trends in digital transformation. Detailed analysis of its approach reveals a commitment to improving business outcomes by ensuring that data-driven decision-making becomes an integral part of all organizational levels.
Concluding Insights
Domo Inc stands as a comprehensive solution in the realm of business intelligence and cloud-based analytics. By uniting critical data streams, systems, and personnel, the platform not only boosts internal efficiencies but also empowers organizations to respond dynamically to market developments. The transparent and expert-driven nature of its service offering makes it a significant entity within its competitive landscape.
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.
Domo (Nasdaq: DOMO) has been recognized as a leader in Nucleus Research’s 2021 Value Matrix for Embedded Analytics Technology. The company was acknowledged for its extensive enterprise adoption and advanced embedding capabilities, which enhance its end-to-end data pipeline. Domo's investments in new features have strengthened its leadership position. The report highlights Domo Everywhere, an offering that allows users to create interactive data solutions. The analysis emphasized Domo's substantial investments in AI and machine learning, positioning it to adapt effectively to market demands.
Domo (Nasdaq: DOMO) announces the opening of registration for Domopalooza 2022, taking place March 22-25, 2022, in Salt Lake City and online. This hybrid event will feature keynotes from industry leaders and showcase Domo's modern BI platform. Notable speakers include executives from CAE, Dickies, Optum, Sony, and Universal Music Group. Grammy-nominated band OneRepublic will perform, enhancing the event’s appeal. Domopalooza aims to educate Domo's growing community through sessions and networking opportunities, continuing its tradition of excellence in business intelligence.
Domo (Nasdaq: DOMO) will release its third quarter fiscal 2022 results on December 2, 2021, after market close. A conference call discussing the financial results is scheduled for 3:00 p.m. (MT) / 5:00 p.m. (ET) on the same day. Registration for the call is available online, and a live webcast will also be accessible on Domo's Investor Relations website. A replay of the call will be available until December 16, 2021.
Domo announced the addition of Jay Brown to its board of directors effective October 22, 2021. Brown, a co-founder of Roc Nation and vice chairman, brings over 25 years of experience in building multibillion-dollar brands. He also co-founded Marcy Venture Partners in 2019, focusing on companies with positive values. Brown replaces Mark Gorenberg, who served on the board for a decade. CEO Josh James expressed enthusiasm for Brown's expertise in scaling businesses and enhancing customer experience, which could be pivotal for Domo's growth.
Domo (Nasdaq: DOMO) announced that Odele, a clean beauty brand, has selected Domo’s modern business intelligence platform to enhance its growth across multiple retail channels. Founded in January 2020, Odele quickly achieved profitability and aims to leverage Domo's analytics to better understand sales data and inform growth strategies. With over 1.2 million rows of data weekly, Odele plans to use these insights to optimize promotions and expand its product line. Domo enables Odele to effectively analyze data, adapting to the competitive retail landscape.
Domo has partnered with TOKAI RIKA CO., LTD, a key Toyota Group supplier, to enhance its digital transformation through Domo’s modern business intelligence platform. This collaboration aims to integrate TOKAI RIKA's disconnected legacy systems, facilitating efficient data management and improved productivity. Within three months, the accounting team reported streamlined budget monitoring and reduced manual data reconciliation across 60 departments. The initiative will expand into HR and Production Control to further boost operational efficiency.
Domo (NASDAQ: DOMO) has released its "Data Never Sleeps 9.0" infographic, analyzing online consumer behavior and digital trends amid the pandemic. The report indicates a 10% increase in internet users from January to July 2021, totaling 5.17 billion. Highlights include:
- 856 minutes of webinars on Zoom every minute.
- Netflix users watching 140 million hours daily.
- Online shopping accounting for over $283,000 spent on Amazon per minute.
This edition demonstrates the accelerating digitization and its implications for future work dynamics.
FAQ
What is the current stock price of Domo (DOMO)?
What is the market cap of Domo (DOMO)?
What is the core business of Domo Inc?
How does Domo generate its revenue?
What are the key features of Domo's platform?
How does Domo support mobile and remote business operations?
What makes Domo's offering competitive in the market?
How does Domo facilitate data-driven decision making for businesses?
How is Domo integrated into existing business systems?
