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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, 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.
Domo (Nasdaq: DOMO) will release its third quarter fiscal 2021 results on December 3, 2020, after market close. A conference call with investors will follow at 3:00 p.m. MT / 5:00 p.m. ET to discuss the financial results. Interested participants should register in advance through the designated link. A replay of the call will be accessible until December 17, 2020, with specific conference ID details provided. Domo focuses on enhancing Business Intelligence (BI) processes, enabling rapid data analysis and insights for organizations of all sizes.
Domo (Nasdaq: DOMO) has announced that its cloud-based analytics platform has achieved SAP-certified integration with SAP HANA. This certification confirms that Domo’s platform can integrate with SAP HANA using standard technologies, enhancing its capability to access and organize data from various sources. Daren Thayne, Domo's CTO, emphasized the importance of democratizing data across organizations. This milestone reflects Domo's commitment to providing customers with advanced data capabilities and creating a more intelligent data ecosystem.
Domo (Nasdaq: DOMO) has launched the Domo Election Tracker, a free interactive platform providing real-time polling data and insights for the 2020 presidential election. Following the success of its Coronavirus Global Tracker, this new tool was developed by Domo's public insights team to help users compare current polling with 2016 results. It updates hourly with data from over 250 pollsters and integrates campaign contribution details from the FEC. The platform encourages data exploration and enables users to embed visualizations on their sites.
Domo (Nasdaq: DOMO), a leader in the Domo Business Cloud, will showcase customer insights from Citrus Ad and DHL at the Forrester Data Strategy & Insights Virtual Trade Show, held from October 13-15. As a premium sponsor, Domo aims to demonstrate how its platform empowers organizations in modern data utilization. Citrus Ad’s session on October 14 will focus on creating a data-driven culture, while DHL's session on October 15 will discuss leveraging data as a value differentiator. For more details on Domo's participation, visit their website.
Domo (Nasdaq: DOMO) will participate as a title sponsor at the virtual CIO 100 AGENDA20 Conference on October 6, 7, 13, and 14. Chief Strategy Officer John Mellor will lead a keynote session, while VP of Data Curiosity Ben Schein will conduct a breakout session aimed at fostering data curiosity for agile decision-making. Domo aims to help organizations unlock the value of data to adapt and innovate in the evolving business landscape. The sessions will explore balancing curiosity with governance and transforming business through a curious approach to data.
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