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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) has been recognized as an Overall Experience Leader and a Credibility Leader in the 2020 Small and Mid-Sized Enterprise (SME) Business Intelligence (BI) Market Study by Dresner Advisory Services. This marks the fifth distinction for Domo in 2020, highlighting its commitment to enhancing customer experience. The report emphasizes the significance of data for informed decision-making amid the ongoing COVID-19 pandemic. Businesses are prioritizing improved operational efficiency and revenue growth, reflecting Domo's critical role in the BI landscape.
Domo (Nasdaq: DOMO) has strengthened its partnership with Snowflake by joining the Snowflake Partner Connect Program and unveiling new federated query capabilities exclusively for Snowflake users. This collaboration allows joint customers to leverage Domo's mobile-first platform and intelligent applications, enhancing their data experience. Snowflake customers can access a free 30-day Domo trial featuring QuickStarts and interactive dashboards. The integration promises improved setup and alert functionalities, aiming to boost business agility and data utilization across organizations.
Domo (Nasdaq: DOMO) has achieved a perfect recommendation score for the fourth consecutive year and is recognized as a leader in Customer Experience and Vendor Credibility in the 2020 Dresner Wisdom of Crowds BI Market Study. The report emphasizes the strong penetration of BI in the workforce, driven by the demand for better decision-making. Domo's Business Cloud delivers BI capabilities at cloud scale swiftly. This year marks Domo's third top Dresner ranking, highlighting its growing reputation in the BI space.
Domo, a leader in cloud-based business intelligence, announced its participation in the 40th Annual William Blair Growth Stock Conference. The presentation is set for June 10 at 12:00 pm CT. Attendees can view the live webcast through Domo's Investor Relations website. Domo's platform empowers organizations to rapidly analyze business intelligence at scale, providing insights in real-time. For more information about Domo, visit their official website or follow them on social media.
Domo, Inc. (Nasdaq: DOMO) reported a strong fiscal Q1 2021, with total revenue of $48.6 million, a 19% increase year-over-year. Subscription revenue rose 23% to $42.4 million, comprising 87% of total revenue. Billings grew by 13% to $46.5 million. Operating metrics showed improvement, with net cash used in operating activities decreasing by 52% to $12.9 million. However, GAAP net loss stood at $24.9 million, or $0.88 per share. Domo's Q2 revenue guidance is between $48.5 million and $49.5 million, with a full-year expectation of $194 million to $200 million.
Domo (Nasdaq: DOMO) has introduced a free Domo Zoom Productivity Tracker App aimed at aiding IT teams in managing their remote workforce. The app provides valuable Zoom-specific metrics, enabling organizations to monitor collaboration and service usage effectively. With the surge in remote work, this tool is designed to help companies gauge the impact of their investments in productivity technology. The app is accessible on both the Zoom marketplace and Domo Appstore.
Domo (Nasdaq: DOMO) announced significant updates to its Covid-19 Tracker and Data Explorer, providing users with enhanced data insights. The Data Explorer enables filtering by specific regions and exporting metrics, crucial for understanding the pandemic's impact on businesses. Key findings show initial unemployment claims decreased from 6 million to under 2.5 million since late March, while continuing claims have risen to over 25 million. Foot traffic data highlights hardware stores and other essential businesses with gains, contrasting sharply with declines in airport and casual dining foot traffic, which fell over 73% and 60%, respectively.
SILICON SLOPES, Utah, May 18, 2020 (GLOBE NEWSWIRE) -- Domo (Nasdaq: DOMO) announced that management will present at two upcoming investor conferences. The presentations include the 15th Annual Needham Virtual Technology & Media Conference on May 20 at 3:15 PM ET and the Cowen & Company 48th Annual Technology Media and Telecom Conference on May 27 at 10:30 AM ET. Webcasts of the presentations will be available through Domo's Investor Relations section on their website.
Domo (Nasdaq: DOMO) plans to release its first quarter fiscal 2021 results on June 4, 2020, after market close. A conference call will follow at 3:00 p.m. (MT) to discuss the financial results. Investors can join the live call via dial-in options or stream the event through the Domo Investor Relations website. This session offers an opportunity for investors to gain insights into Domo's performance in the current economic climate.
Domo (Nasdaq: DOMO) announced its role as a technology partner in Unilever's "United for America" initiative, contributing over $20 million in products, services, and support for communities in need. Domo will provide its platform to help Unilever track donations and monitor their philanthropic program's supply chain, as well as utilize data from various health organizations to inform the community about COVID-19 status. Domo's CEO highlighted the importance of accessible data during this pandemic, reinforcing the company's commitment to corporate social responsibility and community support.
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