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Domo, Inc. Class B - DOMO STOCK NEWS

Welcome to our dedicated page for Domo Class B news (Ticker: DOMO), a resource for investors and traders seeking the latest updates and insights on Domo Class B 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.

News

Domo Receives Multiple Awards in 2023 Ventana Research Buyers Guides

Rhea-AI Summary
Domo (Nasdaq: DOMO) has been recognized as a Leader in the 2023 Ventana Research Buyers Guide for Collaborative Analytics, as well as an Exemplary Vendor in Analytics and Data, Augmented Analytics, Embedded Analytics, and Mobile Analytics. The company was also designated as a Leader in Adaptability, Capability, and Validation in the Customer Experience and Product Experience categories across the Buyers Guides. Domo's top attributes were in customer experience, data model management, data access, and two-way integration capabilities, leading to its high score in Capability.
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Domo Announces Third Quarter Fiscal 2024 Financial Results

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Domo, Inc. (Nasdaq: DOMO) reported a 1% year-over-year increase in total revenue to $79.7 million for the fiscal third quarter ended October 31, 2023. Subscription revenue increased by 3% year over year to $71.3 million, representing 89% of total revenue. The company achieved a 4% year-over-year increase in Remaining Performance Obligations (RPO) to $367.2 million. Domo's GAAP subscription gross margin was 84%, and its non-GAAP subscription gross margin was 85%, both consistent with Q3 FY23. The company reported a GAAP net loss of $16.4 million, or $0.45 per share, and a non-GAAP net loss of $24.0 thousand, or $0.00 per share. Cash, cash equivalents, and restricted cash stood at $57.4 million as of October 31, 2023. Domo provided guidance for its fourth fiscal quarter and full year fiscal 2024, expecting revenue to be in the range of $79.0 million to $80.0 million for Q4 Fiscal 2024, and in the range of $317.8 million to $318.8 million for Full Year Fiscal 2024.
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7.27%
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Domo Announces Winners in Inaugural Higher Education Student Data Case Competition

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Domo (DOMO) announces Utah State University students as winners of Higher Education Student Case Competition, developing data solutions for healthcare industry. Winners received $30,000 in prizes, second-place team from Utah State University earned $15,000, and third-place team from Northwestern University earned $5,000. Domo Chief Data Officer Mohammed Aaser congratulates participants and emphasizes the importance of leveraging data to solve real healthcare problems. Finalist teams were given challenges from Domo customer Regional One Health and instructed to use the Domo platform to develop innovative solutions. Regional One Health CEO Niranjani Radhakrishnan expresses excitement about the competition results and looks forward to implementing the ideas. Domo for Higher Education program offers tools, training, and resources for educators and students interested in leveraging Domo for business intelligence and analytics courses.
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Domo Announces Timing of its Third Quarter Fiscal 2024 Earnings Conference Call

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DOMO: Domo Announces Q3 Fiscal 2024 Earnings Release and Conference Call
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Domo Named a Leader in Nucleus Research’s 2023 Embedded Analytics Technology Value Matrix

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DOMO - Domo Named Leader in Nucleus Research's 2023 Embedded Analytics Technology Value Matrix
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Domo Named to Constellation ShortList™ for Marketing Analytics Solutions

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DOMO: Domo Named to 2023 Constellation ShortList™ for Marketing Analytics Solutions, marking their ninth placement. The ShortList highlights stand-alone solutions that aggregate, track, and monitor marketing campaign performance and growth contributions to the business. Domo's Chief Marketing Officer emphasizes the importance of data-driven decision-making for successful marketing teams.
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Domo Announces Finalists for Higher Education Student Case Competition

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Domo is hosting The Domo for Higher Education Student Case Competition, with the top 10 teams competing for a chance to win over $50,000 in prizes. The competition focuses on solving real-world challenges in healthcare using Domo's platform and data from Regional One Health. The finalists include teams from Brigham Young University, Stanford University, University of California, Davis, Northwestern University, Utah State University, and University of Utah.
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1.84%
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Domo Ranked as an Overall Experience Leader in Dresner Advisory Services' 2023 Wisdom of Crowds Small and Midsize Enterprise Business Intelligence Market Study

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Domo has been ranked as an 'Overall Leader' in the Customer Experience Model and the Vendor Credibility Model in Dresner Advisory Services' 2023 Wisdom of Crowds SME Business Intelligence Market Study. This marks Domo's fifth Dresner distinction in 2023.
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Domo and Hope for Henry Named Finalists in Ventana Research Digital Leadership Awards

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Domo and Hope for Henry named finalists in the Analytics category of Ventana Research's Digital Leadership Awards
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Domo Named to the 2023 SaaS Awards Shortlist

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Domo selected as a top U.S. company for business intelligence and analytics in the 2023 SaaS Awards.
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FAQ

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

The current stock price of Domo Class B (DOMO) is $9.45 as of November 22, 2024.

What is the market cap of Domo Class B (DOMO)?

The market cap of Domo Class B (DOMO) is approximately 365.4M.

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.

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Domo, Inc. Class B

Nasdaq:DOMO

DOMO Rankings

#3379 Ranked by Market Cap
N/A Ranked by Dividends

DOMO Stock Data

365.45M
33.00M
6.81%
68.32%
5.14%
Software - Application
Services-prepackaged Software
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United States of America
AMERICAN FORK