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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) has released a significant report detailing the impact of the COVID-19 pandemic on non-grocery retailers in 2020, based on analysis from their modern BI platform and SafeGraph GPS Mobility data. The report highlights a 14.1% overall decline in foot traffic, with an alarming 83.2% decrease for small businesses in April. Retailers utilizing buy online, pick up in store (BOPIS) had a significantly reduced decline of 1.2%. The report indicates future retail success will depend on rapid adaptation and digital innovation.
Domo (Nasdaq: DOMO) has announced its management will be presenting at two upcoming virtual events: the 23rd Annual Needham Virtual Growth Conference on January 13, 2021, at 12:30 PM ET and the Jefferies Virtual Software Bus Tour on January 14, 2021, at 5:00 PM ET. A live webcast of these presentations will be accessible on Domo's Investor Relations website. Domo provides the Domo Business Cloud, enabling organizations to achieve business intelligence goals quickly and efficiently.
Domo (Nasdaq: DOMO) has been selected by True Influence to provide a cloud-based platform for internal decision-making, enhancing real-time insights across departments. True Influence, specializing in intent-based marketing solutions, aims to improve targeting accuracy using behavioral data. The partnership allows True Influence to utilize Domo's over 1,000 pre-built connectors for efficient data handling. Domo's CRO emphasized the importance of actionable data during economic challenges, underscoring the platform's flexibility to adapt to business needs.
Domo (Nasdaq: DOMO) has collaborated with the Smartronix Team to develop the Pandemic Response Accountability Committee’s (PRAC) public website. This platform offers interactive visualizations aimed at enhancing transparency regarding the allocation of $2.6 trillion in CARES Act funds. Through advanced data integration, Domo enables citizens to access vital information on government aid across various sectors. The initiative underscores the commitment to transparency in pandemic-related spending, equipping users with tools to analyze and engage with data effectively.
Domo (Nasdaq: DOMO) has announced its participation in the UBS Global TMT Virtual Conference, scheduled for December 8, 2020, at 12:05 PM ET. A live webcast of the presentation will be accessible on the Domo Investor Relations website. Domo, known for its Business Cloud, enables organizations to streamline business intelligence processes efficiently, drastically reducing time spent on tasks that previously took weeks or months. For further information, visit www.domo.com.
Domo, Inc. (Nasdaq: DOMO) reported fiscal Q3 results for the period ended October 31, 2020, with total revenue of $53.6 million, a 20% increase year-over-year. Subscription revenue reached $46.9 million, growing 24% year-over-year, making up 87% of total revenue. Billings were $55.7 million, a 25% growth. Remaining performance obligations (RPO) totaled $248.8 million, up 21%. Cash and cash equivalents stood at $83.8 million. Guidance for Q4 revenue is projected between $53.3 million and $54.3 million.
Domo (Nasdaq: DOMO) has received seven prestigious accolades from Gartner Research’s Digital Markets brands, including the Capterra Top 20 and Software Advice FrontRunners as of August 2020. These awards reflect positive verified end-user reviews and highlight Domo's capabilities in Business Intelligence, Data Visualization, and Statistical Analysis. The platform boasts an impressive rating of 4.7 out of 5 stars and a 100% recommendation rate on Gartner Peer Insights, showcasing its effectiveness in addressing complex data challenges for businesses of all sizes.
Domo (Nasdaq: DOMO) announced its participation at the Credit Suisse 24th Annual Technology Conference, set for November 30, 2020, at 1:40 PM ET. The event will feature a management presentation that can be viewed via a live webcast on Domo's Investor Relations website. Domo empowers organizations with its Business Cloud, enabling quick and expansive business intelligence (BI) processes. For further insights into Domo's capabilities and services, visit www.domo.com.
Domo (Nasdaq: DOMO) has announced a webinar on November 16 at 11:00 a.m. MT, featuring Forrester Principal Analyst Jennifer Belissent and Domo’s Chris Haleua. The session will focus on leveraging data commercialization opportunities to enhance business value. With 54% of companies now commercializing their data (up from 32% in 2016), the webinar aims to share best practices and potential use cases in this area. Participants will also learn about product design methodologies and pricing strategies.
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