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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 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.
Domo (Nasdaq: DOMO) announced that it will release its first quarter fiscal 2025 financial results on May 23, 2024, after the market closes.
The company will hold a conference call at 3:00 p.m. MT / 5:00 p.m. ET to discuss these results with investors. Participants can join the call by dialing (877) 484-6065 or (201) 689-8846. A live webcast will be accessible on the Domo Investor Relations website.
A replay of the call will be available until June 23, 2024, and can be accessed by dialing (877) 660-6853 or (201) 612-7415 with the access ID# 13746630.
Domo (Nasdaq: DOMO) has announced a partnership with IT solutions provider Zirous.
Zirous will join Domo's Partner Program as a certified full reseller, referral, and implementation partner. The collaboration will enable Zirous to leverage Domo's cloud-based platform to enhance data visibility and actionability for its customers.
Domo’s platform uses AI to provide real-time data, helping businesses make informed decisions. Zirous, with 35 years of experience and partnerships with top tech companies like Adobe, Microsoft, and Oracle, specializes in various IT services including data analytics, data engineering, and identity management.
The partnership aims to boost efficiency, productivity, and profitability for Zirous' extensive customer base.
Mike McDermott, CEO of Zirous, emphasized Domo’s best-in-class data capabilities, while RJ Tracy, Domo’s SVP of Partners, highlighted the complementary nature of the partnership.
Today, Domo (Nasdaq: DOMO) introduced a new suite of tools on the Shopify app store aimed at transforming retail operations. Announced at Domopalooza 2024, these tools connect Shopify data with over 1,000 native connectors in Domo’s database. The solution provides a unified view of transactional, customer, inventory, and operational data, enhancing decision-making through advanced AI and automation. The Domo + Shopify app supports key functions like personalized customer experiences, churn reduction, inventory management, and swift decision-making. The suite includes robust reporting and data-driven predictions, ensuring retailers can optimize operations and gain a competitive edge.
Domo announced that ESPN is leveraging Domo App Studio to enhance its customer service experience. Partnering with RXA@OneMagnify, ESPN developed a custom app that analyzes their customer service survey data to improve fan interactions. Historically, ESPN tracked customer satisfaction using star ratings, but found that written feedback offered richer insights. The new app employs a Large Language Model (LLM) and Domo’s AI Model Management layer to parse text reviews and score customer sentiment. This will allow ESPN to refine their service, train agents more effectively, and grow their customer base.
Domo (Nasdaq: DOMO) has been named to the Women Tech Council 2024 Shatter List for the seventh consecutive year. This list highlights companies promoting inclusive cultures for women in tech. Domo's commitment to equity, inclusion, and diversity has been recognized through key areas like executive engagement, company programming, community investment, and women's support groups.
Domo (Nasdaq: DOMO) has been ranked as the top vendor in the Dresner Advisory Services' 2024 Self-Service Business Intelligence Market Study for the sixth consecutive year. The study evaluated self-service BI features, collaborative tools, governance, framework integration, natural language analytics, generative AI, and guided analytics, with Domo outperforming 16 other vendors. The platform provides teams with self-service access and analytics, reducing the load on data teams while ensuring governance and control.
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