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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 its participation in the 2024 Data + AI Summit, emphasizing its collaboration with Databricks. The event aims to highlight the integration of Domo's Cloud Amplifier with Databricks, enhancing data interoperability and analytics.
Domo, a Databricks Validated partner, will demonstrate its native data access connector, facilitating multi-cloud data integration and actionable AI insights while maintaining security and governance.
Key session details include a presentation by Domo's Noah Finberg on June 11 at 1:40pm PT in Moscone South, Esplanade, Room 151. Attendees can explore Domo's platform at booth #84.
Domo (Nasdaq: DOMO) has launched the Domo Integration Suite, named Domo Samurai, which consolidates its award-winning cloud-native platform components into a single, user-friendly solution.
The suite includes Domo's multi-cloud data offering Cloud Amplifier and Magic ETL (Extract, Transform, Load) drag-and-drop tools, along with over 1,000 native connectors and integrations. This suite aims to help companies manage and utilize data from various sources effectively, allowing both technical and non-technical users to derive actionable insights for data-driven decision-making.
Domo Samurai addresses the growing complexity of data management as businesses scale, simplifying access to data across platforms like Snowflake, Databricks, Azure, and AWS.
The Integration Suite ensures data security and compliance, automates data transformation, and provides a unified view of data processes, making it easier for organizations to leverage data as a strategic asset.
Customer testimonials highlight the suite's ease of use, quick integration capabilities, and the ability to democratize data access across business units.
Domo (Nasdaq: DOMO) will exhibit at the Snowflake AI Data Cloud Summit 2024, demonstrating how its integration with Snowflake enhances data management and BI architecture for businesses. Attendees will see Domo's platform, including the new Domo Samurai Integration Suite, in action, showcasing real-time analytics and insights.
Key features include Magic ETL capabilities on the Snowflake AI Data Cloud, which optimize data workflows and support scalability. Notably, TaylorMade has used this integration to improve its supply chain visibility and efficiency.
The summit, featuring keynotes, training, and over 170 sessions on AI and LLMs, will take place on June 5, 2024. Domo will hold sessions at 1 pm and 2:30 pm PT, with live demos available at Booth #1202.
Domo (Nasdaq: DOMO) announced that Dr. Kristie J. Rowley, senior director of Domo’s AI Labs, has been named to Utah Business Magazine’s 30 Women to Watch list. This recognition celebrates her leadership in enhancing Domo’s AI capabilities and her influence in the Utah tech community.
Dr. Rowley has been instrumental in the development of AI tools used by global leaders. She established Domo’s data science team and laid the groundwork for integrating AI within the platform.
Besides her technical achievements, Dr. Rowley has a strong academic background with over 25 peer-reviewed publications. She also mentors aspiring professionals and actively participates in community and educational initiatives.
Domo (NASDAQ: DOMO) announced that Lencore has selected its platform to unify data across the organization, boosting customer response times, sales productivity, and achieving double-digit revenue growth. Lencore, a provider of sound masking and noise management solutions, struggled with data siloed across different systems. Previously, employees spent hours manually analyzing data. With Domo, Lencore has a single source of truth, improving manufacturing, inventory management, and shipping processes. The sales team, in particular, gained insights to focus on quicker wins from existing accounts, leading to a new revenue stream. The platform also enhances Lencore's ability to provide project quotes within 24 hours, ensuring quicker, informed customer decisions. Domo’s solutions have empowered Lencore’s executives, engineers, finance, and sales teams with actionable data and insights, driving business improvements and new opportunities.
Domo announced that Regional One Health Solutions has joined their updated partner program to harness data for improved patient care and operational efficiencies.
Regional One Health, a level-1 trauma center in Memphis, utilizes Domo's platform to create interactive dashboards tracking KPIs such as length of stay, harm events, patient satisfaction, and costs.
They received a Nucleus Research ROI Award for a 190% ROI on their data initiatives. The partnership developed a Healthcare Metrics Quick Starter App to help healthcare leaders connect various data points for better decision-making.
This collaboration aims to disrupt the healthcare industry, enhancing outcomes and increasing operational efficiency.
Domo (Nasdaq: DOMO) has been ranked as the top vendor in the Dresner Advisory Services’ 2024 Collective Insights report, surpassing 14 other vendors. This annual assessment evaluates vendors based on collaborative business intelligence (BI) and user governance capabilities. Domo's platform stands out for its content co-creation and sharing, enterprise frameworks support, and governance features. The company’s solutions empower teams with collaborative BI and analytics, easing the burden on data teams while ensuring proper governance. The report highlights Domo's role in enhancing group-based decision-making through AI and data science, emphasizing the increasing importance of Collective Insights. The achievement underscores Domo's commitment to agile data access, security, and governance.
Domo (Nasdaq: DOMO) has announced that its Founder and CEO, Josh James, will present at the TD Cowen 52nd Annual Technology, Media & Telecom Conference.
The presentation is scheduled for Wednesday, May 29, 2024, at 9:40 am ET. Interested parties can access a live webcast of the presentation on Domo's Investor Relations website.
Domo (Nasdaq: DOMO) announced its fiscal first quarter 2025 results, ending April 30, 2024. Total revenue rose 1% year-over-year to $80.1 million, with subscription revenue also up by 1% to $72.1 million. However, billings decreased by 7% to $65.5 million. The company reported a GAAP net loss of $26 million, equating to $0.69 per share, and a non-GAAP net loss of $12.3 million, or $0.33 per share. Domo's cash reserves stood at $61.2 million. Despite the losses, CEO Josh James expressed optimism about returning to growth through strategic initiatives. Domo also received several awards for innovation and customer value from Dresner Advisory Services. For the second quarter of fiscal 2025, Domo forecasts revenue between $76 million and $77 million and a non-GAAP net loss per share between $0.26 and $0.30.
GUIDEcx, a leader in customer onboarding software, has announced a partnership with Domo (Nasdaq: DOMO) to enhance data access and AI capabilities for its customers. This collaboration has led to the development of embedded analytics solutions that significantly improve efficiency and reduce costs. GUIDEcx customers can now access Domo’s library of over 1,000 data connectors, allowing for seamless data integration from various CRMs and ERPs, and enjoy 10x faster data access. Additionally, the partnership introduces a unique, cost-effective pricing model and self-serve analytics capabilities, which have increased user engagement on the GUIDEcx platform. These enhancements now allow users to generate insightful reports and make informed business decisions using Domo's AI capabilities, all with no required coding skills. The partnership is attracting new users and inspiring innovative applications of the Domo platform across industries.
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