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 been recognized as a 'Business Intelligence (BI) One to Watch' in Snowflake's Modern Marketing Data Stack 2025 report. The recognition highlights Domo's ability to deliver real-time insights into campaign performance, customer behavior, and marketing ROI using Snowflake's AI Data Cloud.
The report analyzed usage patterns from approximately 9,800 Snowflake customers as of April 2024, identifying 10 technology categories important for marketing data stacks. The study emphasizes three core factors: AI, data gravity, and privacy, marking a significant shift from the 2022 inaugural report. Domo's selection reflects its innovative approach to data and AI integration with Snowflake, serving marketers' evolving needs in the fast-growing AI landscape.
Domo (Nasdaq: DOMO) announced that Suyesh Karki, their chief information security officer and VP of enterprise IT, has been named a 2024 Living Color Award honoree by Utah Business. This award recognizes efforts to bring greater equity and inclusion to Utah. Karki, a Nepal native, has been acknowledged for his work in mentoring Nepali and other immigrants, guiding them through American universities, providing young professionals with exposure and experience, and organizing networking events for diverse student scholarships.
At Domo, Karki is deeply involved in DEI initiatives, educating employees about his culture and experiences as an AAPI community member. He also co-founded The Ama Foundation, which aids unhoused children and youth vulnerable to human trafficking. Domo's CHRO, Madison McCord, praised Karki's leadership and commitment to promoting diversity and mentorship, highlighting its value to Domo's inclusive culture.
Domo (Nasdaq: DOMO) announced that its AI solutions suite, Domo.AI, has been named a finalist in the Business Intelligence or Analytics category of the 2024 SaaS Awards. The SaaS Awards recognize innovative software-as-a-service solutions across 56 categories. Domo.AI was selected for its ability to streamline AI model management and help businesses implement AI across organizations with proper security and governance.
Matthew Payne, VP of Engineering at Domo, stated that Domo.AI represents the next evolution of business intelligence, delivering fast, intuitive AI-powered data experiences. Domo.AI allows customers to merge their data with AI capabilities, making it easier to register and manage external AI models from providers like OpenAI, Databricks, Amazon Bedrock, and Hugging Face. These models can be leveraged in apps, workflow engines, or Magic ETL, empowering users and driving business impact.
Domo (Nasdaq: DOMO) has partnered with CARET Legal, a leading SaaS platform for legal professionals, to provide real-time analytics and a holistic view of law firm performance. This collaboration aims to empower thousands of law firms with immediate access to key insights on business health, including:
- Pre-bill amounts for future revenue forecasting
- Employee resource allocation for efficient staffing
- Clarity on aging receivables to streamline collections
The partnership also advances strategic operations by surfacing relevant data to improve budgeting, prioritize high-value cases, enhance client acquisition strategies, and optimize fee structures. Domo and CARET Legal plan to release new analytics functions for customizable data experiences across firms.
Domo (Nasdaq: DOMO) has partnered with Brooklyn Data Co., a leading data consultancy, to simplify data management and deliver actionable intelligence faster for joint users. As a Snowflake Elite Services Partner, Brooklyn Data leverages Domo's platform to provide real-time connections across customers' data sources, enabling data-driven decisions and improved outcomes.
The collaboration utilizes Domo's flexible AI services and Snowflake's AI Data Cloud to streamline data integration, enhance analytics, and optimize resource allocation. James Colvin, VP of Engineering at Brooklyn Data, highlighted Domo's all-in-one platform as a key differentiator for unlocking insights across organizations. RJ Tracy, Domo's CRO, emphasized the importance of connecting data to maximize tech investments and focus on strategic action.
Domo (Nasdaq: DOMO), an Oracle PartnerNetwork member, will present at Oracle CloudWorld 2024 and SuiteWorld 2024 in Las Vegas. The company will showcase its collaboration with Oracle in delivering AI-enhanced data analytics, connectivity, and operational efficiencies.
As a Silver sponsor of CloudWorld and Gold sponsor of SuiteWorld, Domo will highlight new capabilities that address challenges in integrating financial data from multiple sources. Key presentations include:
- Mohammed Aaser, Domo's CDO, speaking on building high-impact data teams at CloudWorld on September 11, 2024
- Kristine Friday, Principal Business Consultant, discussing NetSuite and Domo integration at SuiteWorld on September 12, 2024
Attendees can visit Domo at Booth #26 at CloudWorld and Booth #901 at SuiteWorld for more information.
Domo (Nasdaq: DOMO) has announced key leadership promotions to support its ecosystem-led growth strategy. Jeff Skousen, former Chief Revenue Officer, has been promoted to President of Worldwide Sales and Field Operations. RJ Tracy, previously SVP of Partners, Strategic Development and Channel, will take on the role of Chief Revenue Officer.
These promotions aim to align partner and sales initiatives more closely. Tracy will focus on aligning strategic partner and sales initiatives, reporting to Skousen. Skousen will oversee sales operations, international growth, ecosystem initiatives, and consumption conversion. Both executives have extensive experience within Domo, with Tracy leading the expansion of the company's partner ecosystem and Skousen building the sales machine from the ground up.
Domo (Nasdaq: DOMO) has announced a significant leadership change. David Jolley will step down as Chief Financial Officer at the end of the company's third quarter due to personal health challenges, specifically severe eyesight issues. He will transition to a Senior Advisor role, continuing to support the executive team.
Tod Crane, currently SVP of Finance, will be promoted to Chief Financial Officer. Crane, who joined Domo in 2015, has held various finance leadership roles and has been working closely with Jolley across all aspects of financial operations and investor relationships.
CEO Josh James expressed gratitude for Jolley's contributions and confidence in Crane's ability to lead Domo's financial operations as the company focuses on its path back to growth.
Domo (Nasdaq: DOMO) released its fiscal Q2 2025 results, showing a 2% year-over-year decrease in total revenue to $78.4 million. Subscription revenue was $70.9 million, while billings decreased by 3% to $68.6 million. The company reported a GAAP net loss of $19.5 million, or $0.51 per share, and a non-GAAP net loss of $2.7 million, or $0.07 per share. Domo's cash position stood at $55.7 million as of July 31, 2024.
Despite financial challenges, Domo received recognition in several industry reports and awards. The company provided guidance for Q3 fiscal 2025, expecting revenue between $77.0-$78.0 million and a non-GAAP net loss per share between $0.14-$0.18. For the full fiscal year 2025, Domo projects revenue of $313.0-$315.0 million and a non-GAAP net loss per share between $0.69-$0.77.
Domo (Nasdaq: DOMO) has been recognized on three Constellation ShortLists for Q3 2024: Multicloud Analytics and Business Intelligence Platforms, Marketing Analytics Solutions (for the ninth consecutive year), and Embedded Analytics. These ShortLists, compiled by Constellation Research, highlight top vendors in different market categories based on early adopter feedback and independent analysis.
The recognition underscores Domo's value in providing data, BI, and analytics solutions across various use cases. Domo's platform offers real-time insights, secure and easy-to-use AI-powered innovations that drive business results for users at all levels. The company was evaluated alongside 25+ vendors in each category, meeting criteria such as multicloud delivery, containerization, data management capabilities, and AI/ML integration.
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