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) delivers cloud-based business intelligence solutions that transform organizational data into actionable insights. This page provides investors and professionals with verified updates about the company's operational milestones, financial results, and market positioning.
Discover comprehensive coverage of earnings announcements, product innovations, and strategic partnerships. Our curated news collection simplifies tracking Domo's progress in enterprise software and cloud analytics while maintaining strict adherence to factual reporting standards.
Key focus areas include updates on SaaS platform enhancements, data integration capabilities, and mobile-first analytics solutions. All content reflects Domo's core mission to connect business systems through real-time intelligence accessible across organizational levels.
Bookmark this resource for efficient monitoring of developments impacting Domo's role in digital transformation. Return regularly for authoritative updates on one of business intelligence's most dynamic platforms.
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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.
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.
