Welcome to our dedicated page for Domo news (Ticker: DOMO), a resource for investors and traders seeking the latest updates and insights on Domo stock.
Domo Inc. (DOMO) delivers cloud-based business intelligence solutions that transform organizational data into actionable insights. This page provides investors and professionals with verified updates about the company's operational milestones, financial results, and market positioning.
Discover comprehensive coverage of earnings announcements, product innovations, and strategic partnerships. Our curated news collection simplifies tracking Domo's progress in enterprise software and cloud analytics while maintaining strict adherence to factual reporting standards.
Key focus areas include updates on SaaS platform enhancements, data integration capabilities, and mobile-first analytics solutions. All content reflects Domo's core mission to connect business systems through real-time intelligence accessible across organizational levels.
Bookmark this resource for efficient monitoring of developments impacting Domo's role in digital transformation. Return regularly for authoritative updates on one of business intelligence's most dynamic platforms.
Domo (Nasdaq: DOMO) has been recognized as an Exemplary vendor in Ventana Research’s 2021 Analytics and Data Value Index. This rating is based on an evaluation of 18 vendors across seven categories that assess both product experience and customer satisfaction. Domo excelled in usability, manageability, and customer experience metrics. Additionally, Domo previously received the Ventana Digital Leadership Award in Analytics for its collaboration with Unilever during the pandemic. The company focuses on leveraging data to enhance business value.
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.
