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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) announced the virtual event Domopalooza 2021, scheduled for March 24, 2021. This annual customer event will showcase Domo's modern BI platform through keynotes, product news, and breakout sessions, emphasizing data-driven decision-making. Domo's CEO, Josh James, highlighted the past year's challenges and the need for organizations to accelerate digital transformation. Attendees will learn from industry experts and over 60 presentations, promoting innovative methods to leverage high-value data. Registration is now open for interested participants.
Domo (Nasdaq: DOMO) has been recognized as a winner in the Dresner Advisory Services 2020 Technology Innovation Awards. This marks Domo's fourth consecutive year as a multiple-category winner, acknowledged for its leadership in four thematic studies, including the Big Data Market Study and Self-Service BI Market Study. The awards highlight Domo's ability to provide real-time insights and flexibility, crucial during the economic challenges posed by COVID-19. The recognition is based on data collected from end users, showcasing Domo's strong performance in the business intelligence market.
Domo (Nasdaq: DOMO) has been recognized with the 2020-2021 Cloud Award for Best Cloud Business Intelligence or Analytics Solution. This marks the fifth consecutive year that Domo has received this honor from the prestigious Cloud Awards, distinguishing itself among 22 competitors for its ability to deliver scalable BI solutions efficiently. Domo’s founder, Josh James, emphasized the company's commitment to transforming data accessibility in organizations, showcasing the dedication of its team in providing remarkable technology solutions.
Domo (Nasdaq: DOMO) announces its achievement of Premier status in Snowflake’s Partner Connect Program. This certification validates Domo's high-speed federated connector, enhancing data management capabilities for customers using Snowflake’s platform. The partnership, initially formed in October 2019, allows organizations to consolidate their data and execute analytics efficiently. Domo’s modern BI platform is designed to provide actionable insights quickly, supporting decision-makers across various sectors. This milestone underscores Domo's commitment to optimizing data user experience.
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.
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