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Domo Inc - DOMO STOCK NEWS

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.

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.

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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.

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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.

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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.

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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.

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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.

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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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Domo has been ranked the number one vendor in the Dresner Advisory Services’ 2024 Cloud Computing and Business Intelligence Market Study for the eighth consecutive year. The ranking was based on confirmed functionality and user feedback, highlighting Domo's leadership in cloud BI solutions. The report emphasizes the flexibility and scalability of cloud BI tools for businesses.
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Domopalooza 2024, the 10th annual AI and Data Conference by Domo, showcased product updates and enhancements focusing on leveraging data for all users. CEO Josh James expressed excitement over customer engagement and long-term commitments to Domo.
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Domo (DOMO) releases App Studio and updates Workflows at Domopalooza, enhancing low-code app building and automation capabilities. App Studio offers new features like expanded theme engine, tailored navigation, and native mobile experience, while Workflows introduces third-party integrations, design canvas, and Queues for streamlined processes.
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Domo (DOMO) announced enhancements to Cloud Amplifier, enabling seamless integration with multiple cloud data platforms for actionable AI-driven insights. The update includes Magic ETL, allowing efficient data querying and transformation in native systems. Users can now access data from leading cloud platforms like Snowflake, Google BigQuery, and Databricks, with new integrations for Azure SQL, MySQL, and Amazon Athena coming soon. Customizable settings for data refresh rates aim to optimize cloud costs. Testimonials highlight increased productivity and streamlined data access with added governance through Cloud Amplifier.
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FAQ

What is the current stock price of Domo (DOMO)?

The current stock price of Domo (DOMO) is $8.16 as of February 21, 2025.

What is the market cap of Domo (DOMO)?

The market cap of Domo (DOMO) is approximately 330.5M.

What does Domo, Inc. specialize in?

Domo, Inc. specializes in providing a cloud-based platform that connects data, systems, and people to optimize business performance.

How does Domo's platform benefit businesses?

Domo's platform offers real-time data access, notifications across devices, and actionable insights, helping businesses make informed decisions and improve efficiency.

What type of revenue model does Domo, Inc. use?

Domo, Inc. utilizes a subscription-based revenue model for its cloud-based platform, supplemented by professional services.

Who are the target users of Domo's platform?

The platform is designed for all employees within an organization, from CEOs to frontline workers, to connect them with necessary data and expertise.

How is Domo backed financially?

Domo is supported by over $500 million from some of the world's best investors.

Can Domo's platform be accessed on mobile devices?

Yes, Domo's platform can be managed and accessed from smartphones, allowing for on-the-go business management.

What recent achievements has Domo, Inc. accomplished?

Domo has expanded its customer base and enhanced its platform capabilities to better meet modern business needs.

What industries does Domo, Inc. cater to?

Domo caters to a wide range of industries, demonstrating its versatility and effectiveness in diverse business environments.

How does Domo ensure data security and integrity?

Domo integrates robust security measures to protect data and ensures seamless integration with existing systems of record.

Where can I find the latest news about Domo, Inc.?

You can find the latest news and updates about Domo, Inc. on their official website or through various financial news platforms.
Domo Inc

Nasdaq:DOMO

DOMO Rankings

DOMO Stock Data

330.46M
33.50M
6.81%
73.88%
4.66%
Software - Application
Services-prepackaged Software
Link
United States
AMERICAN FORK