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.
Overview of Domo Inc
Domo Inc offers a sophisticated cloud-based platform that integrates data from multiple sources and systems, enabling organizations to harness real-time business intelligence and analytics. With its subscription-based model, the platform serves as a central hub where data is seamlessly connected, processed, and delivered to users on any device, including smartphones. Keywords such as "cloud-based analytics", "business intelligence", and "enterprise software" are at the heart of its service offering.
Integrated Data and Mobile Accessibility
Domo is designed to optimize business operations by ensuring that data, insights, and key personnel are connected regardless of location. The platform provides an intuitive interface that allows users to receive notifications and perform actionable tasks on the go. Every employee, from top executives to frontline workers, can leverage the power of immediate and informed decision making through a securely integrated ecosystem.
Business Model and Revenue Generation
The company operates on a subscription-based revenue model, where organizations select tailored service plans that suit their operational needs. Alongside its core subscription service, Domo offers professional services that help businesses implement and optimize the use of its digital platform. This model supports scalable growth while ensuring continuous access to innovative data management and analytics solutions.
Key Features and Technological Strengths
Domo's platform is built to handle the complexities of modern data integration across various systems. Important features include:
- Real-Time Data Access: Immediate visibility into operational metrics enables users to respond swiftly to market changes.
- Cross-Device Functionality: Consistent, mobile-first experiences make data actionable on any platform.
- Actionable Notifications: Automated alerts and system updates foster proactive engagement with business processes.
- Data-Driven Collaboration: The platform facilitates collaboration across departments by connecting key stakeholders with the precise data they need.
Competitive Landscape and Market Position
Within the competitive domain of cloud-based analytics and digital transformation, Domo distinguishes itself through its comprehensive integration approach. Unlike platforms that cater solely to data analytics or business intelligence, Domo’s technology bridges the gap between raw data and strategic action. Its ability to connect disparate data systems, coupled with a strong subscription and professional service model, provides a unique value proposition that challenges traditional data management solutions in the industry.
Expertise and Operational Efficiency
Backed by significant investment and guided by a management team with deep roots in renowned technology companies, Domo Inc exhibits a strong foundation of industry expertise. This experience translates into a platform that not only handles vast arrays of data but also transforms them into clear, actionable insights. The company’s operational efficiency is reflective of its dedication to bridging technical innovation with practical business needs, thereby reinforcing its position as a trusted resource for enterprise-level data management.
Industry Terminology and Insights
For investors and industry experts, understanding the underlying technology and service model is crucial. Domo leverages advanced cloud computing and SaaS methodologies to ensure that its platform remains robust and scalable. This strategic use of technology, combined with its seamless integration of mobile accessibility, aligns it with broader trends in digital transformation. Detailed analysis of its approach reveals a commitment to improving business outcomes by ensuring that data-driven decision-making becomes an integral part of all organizational levels.
Concluding Insights
Domo Inc stands as a comprehensive solution in the realm of business intelligence and cloud-based analytics. By uniting critical data streams, systems, and personnel, the platform not only boosts internal efficiencies but also empowers organizations to respond dynamically to market developments. The transparent and expert-driven nature of its service offering makes it a significant entity within its competitive landscape.
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.
Domo (Nasdaq: DOMO) has received seven prestigious accolades from Gartner Research’s Digital Markets brands, including the Capterra Top 20 and Software Advice FrontRunners as of August 2020. These awards reflect positive verified end-user reviews and highlight Domo's capabilities in Business Intelligence, Data Visualization, and Statistical Analysis. The platform boasts an impressive rating of 4.7 out of 5 stars and a 100% recommendation rate on Gartner Peer Insights, showcasing its effectiveness in addressing complex data challenges for businesses of all sizes.
Domo (Nasdaq: DOMO) announced its participation at the Credit Suisse 24th Annual Technology Conference, set for November 30, 2020, at 1:40 PM ET. The event will feature a management presentation that can be viewed via a live webcast on Domo's Investor Relations website. Domo empowers organizations with its Business Cloud, enabling quick and expansive business intelligence (BI) processes. For further insights into Domo's capabilities and services, visit www.domo.com.
Domo (Nasdaq: DOMO) has announced a webinar on November 16 at 11:00 a.m. MT, featuring Forrester Principal Analyst Jennifer Belissent and Domo’s Chris Haleua. The session will focus on leveraging data commercialization opportunities to enhance business value. With 54% of companies now commercializing their data (up from 32% in 2016), the webinar aims to share best practices and potential use cases in this area. Participants will also learn about product design methodologies and pricing strategies.
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.
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