Domo Inc Stock Price, News & Analysis

Domo (Nasdaq: DOMO) has been named to Nucleus Research’s Hot Companies to Watch in 2022 list, recognized for its strong enterprise adoption and advanced capabilities in its modern BI platform. This acknowledgment highlights Domo's ability to drive customer value and improve business management through data. Nucleus Research evaluated vendors based on market position and growth potential, reinforcing Domo's momentum and recent successes in transforming business processes.

Domo (Nasdaq: DOMO) has partnered with the San Diego Workforce Partnership to enhance its data management through Domo's modern business intelligence (BI) platform. This collaboration aims to break down data silos and automate real-time insights, improving services for job seekers and local businesses. The San Diego Workforce Partnership supports economic mobility and workforce development in San Diego County. By leveraging Domo's capabilities, the organization can better interpret and share information, significantly increasing efficiency in reporting and resource allocation.

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.