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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) unveiled advanced capabilities at Domopalooza that enhance embedded analytics, facilitating data sharing and governance. The new Domo Everywhere features enable organizations to create tailored, branded analytics experiences for customers and suppliers. A Dresner Advisory Services study notes that 89% of businesses consider embedded analytics crucial. Domo aims to empower users with timely data insights, driving innovation and engagement. These developments position Domo to capitalize on the growing demand for embedded analytics, enabling extensive deployment across external subscribers.
Domo (Nasdaq: DOMO) launched over 100 new features aimed at simplifying data interaction for business decision-makers. Key highlights include:
- Dataset Views and Analyzer: Promotes faster data adoption with a guided analysis tool.
- NLG in Narrative Cards: Uses AI to create understandable data narratives, reducing misinterpretation.
- DDX Bricks: Allows users to build apps effortlessly with drag-and-drop technology.
This update reinforces Domo's commitment to making data accessible, fostering data curiosity across organizations.
Domo (Nasdaq: DOMO) has strengthened its collaboration with Amazon Web Services (AWS) through new integrations announced at Domopalooza. This includes Domo for Amazon Redshift, allowing users to manage data directly within Amazon Redshift for enhanced analytics. Additionally, Domo has integrated over 3,000 data products from AWS Data Exchange into its Appstore, facilitating superior data-driven decision-making. Moreover, Domo AutoML, in partnership with Amazon SageMaker, accelerates machine learning deployments, exemplified by Freddy's Frozen Custard & Steakburgers reducing model deployment time significantly.
Domo (Nasdaq: DOMO) has unveiled the industry’s first multi-cloud data offering at Domopalooza, allowing business decision-makers to access data across various cloud platforms through a single interface. This innovation aims to enhance data accessibility and agility in modern IT environments, where organizations are increasingly migrating to cloud solutions. Domo’s native integrations with Snowflake and Amazon Redshift streamline data management, empowering companies to derive actionable insights swiftly.
Domo (Nasdaq: DOMO) has been recognized on the Women Tech Council’s 2021 Shatter List for its initiatives promoting gender-inclusive cultures in technology, marking its fourth consecutive year of inclusion. The evaluation criteria included executive engagement, company programming, community investment, and diversity groups. Domo achieved 50% female representation in its board recruiting and has committed to ethnic diversity pledges, interviewing qualified diverse candidates for every open role. The recognition underscores Domo's ongoing commitment to a diverse workplace.
Domo (Nasdaq: DOMO) has achieved the AWS Machine Learning Competency status in the new Applied AI category. This recognition acknowledges Domo's expertise in building ML solutions on AWS. The AWS Machine Learning Competency aims to help enterprises efficiently identify specialized partners for machine learning and AI solutions. Domo is also recognized as an Advanced Technology Partner in the AWS Partner Network and previously earned AWS Big Data and AWS Retail Competency statuses. This achievement underscores Domo's commitment to empowering businesses with data-driven solutions.
Domo, Inc. reported strong fiscal Q4 2021 results, with total revenue of $56.8 million, up 23% year over year. Subscription revenue hit $50.0 million, marking a 26% increase. Billings grew 28% to $82.8 million. Remaining performance obligations reached $282.3 million, a 21% rise. The company posted a GAAP net loss of $19.6 million with net cash of $90.8 million. For fiscal 2022, Domo expects revenues of $240-$245 million and a non-GAAP net loss per share between $1.53 and $1.63.
Domo (Nasdaq: DOMO) has launched a new native integration with Snowflake, allowing businesses to enhance their cloud investments. The integration places advanced business intelligence (BI) directly atop the Snowflake platform, enabling users to access and manage their data effectively. Domo for Snowflake offers features like reading and writing to Snowflake, creating databases, and robust data governance. This innovation aims to streamline cloud data management and alleviate enterprise security concerns by minimizing data movement.
Domo (Nasdaq: DOMO) is set to host a virtual session for investors and financial analysts during Domopalooza 2021. The presentation will take place on March 25, 2021, at 10:00 AM MT (12:00 PM ET). A live webcast will be available on the Domo Investor Relations website. Domo, known for its Business Cloud, enables businesses to leverage business intelligence rapidly and at scale, enhancing operational efficiency. For more details, visit Domo Investor Relations.
Domo (Nasdaq: DOMO) has appointed two new executives to enhance its growth initiatives. Vita Shannon joins as vice president of partnerships, leveraging her experience at KPMG and Oracle to expand Domo's strategic partner ecosystem. Shelley Morrison, previously at Accenture Interactive, takes on the role of vice president of demand center, aiming to improve demand generation strategies. Both executives bring extensive backgrounds in business development and growth execution, positioning Domo to accelerate its business momentum in the modern BI space.
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