Domo Inc Stock Price, News & Analysis

Domo (Nasdaq: DOMO) announces the appointment of Mohammed Aaser as Chief Data Officer, bringing over 15 years of experience, including his previous role at McKinsey and Company. Aaser aims to enhance modern data experiences for customers and will collaborate with data partners to leverage Domo's extensive integration ecosystem. His prior achievements include leading data innovation at McKinsey and overseeing the analytics practice at Ameriprise Financial. Founder Josh James highlighted Aaser's passion for making data accessible and actionable, which aligns with Domo's mission to streamline business processes.

Domo (Nasdaq: DOMO) has announced its participation in the 24th Annual Needham Growth Conference on January 11, 2022, at 12:30 PM ET, and the Jefferies Virtual Software Summit on January 12, 2022, at 12:00 PM ET. Live webcasts will be accessible on the Domo Investor Relations website. Domo aims to transform business management via its Business Cloud platform, offering quick solutions for critical processes.

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.