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.
Domo (Nasdaq: DOMO) has been recognized as an overall leader in the 2021 Dresner Wisdom of Crowds® BI Market Study, achieving its fifth consecutive perfect recommendation score. The report assesses BI trends, adoption, and success metrics, highlighting Domo's strengths in Customer Experience and Vendor Credibility. The platform is praised for its speed, ease of integration, and robust support. This marks Domo's third top ranking in 2021, following accolades in both the Self Service and Cloud Computing BI Market Studies.
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.
