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) 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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