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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) 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.
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.
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