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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.

Rhea-AI Summary
Domo (DOMO) to release Q4 and full-year fiscal 2024 results on March 7, 2024, followed by a conference call for financial discussion.
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Domo (Nasdaq: DOMO) partners with Home Franchise Concepts, a leading franchisor, to improve business decisions and data sharing. The partnership enables Home Franchise Concepts to streamline processes, create dashboards, and optimize business opportunities using Domo Everywhere.
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Domo (DOMO) extends debt maturity to April 1, 2026, under favorable market terms. CFO David Jolley highlights the importance of aligning capital structure with market prospects and plans for a longer-term facility to enhance financial position.
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Domo's Chief Marketing Officer, Mark Boothe, wins Utah Business Magazine's SAMY award for Marketing Leadership. Boothe's customer-centric approach has led to significant results, including a 136% increase in Community Forum visits. His initiatives like Domo Central and Domo Connections Tour have strengthened customer relationships and driven impressive outcomes.
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Domo's CTO and Sr. Director of AI Labs named to AI Utah 100 for their contributions to AI innovation. Daren Thayne recognized as an Integrator for developing Domo.AI framework, while Kristie J. Rowley, PhD honored as a Builder for innovating advanced AI solutions at Domo.
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Domo (Nasdaq: DOMO) announced that Falvey Insurance Group has chosen Domo to bring together its disparate data sources into a single platform, resulting in 5x revenue growth. Falvey, a leading cargo insurance provider in the US, struggled with accessing proprietary data systems, causing delays in reporting. Domo's connectors enabled real-time data access, improving decision-making.
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Domo (DOMO) has secured the first-place ranking in the latest Dresner Advisory Wisdom of Crowds Analytical Platforms Market Study. This marks the sixth Dresner distinction for the company in 2023. The ranking is based on confirmed functionality and collective end-user feedback, showcasing the company's full-stack, cloud native technology platform that supports multiple analytical and BI use cases.
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Domo (Nasdaq: DOMO) has been named a finalist for the 2023 Cloud Awards in the Best Use of Artificial Intelligence (AI) category. Domo.AI is recognized for its excellence and innovation in cloud computing, enabling customers to easily manage, deploy, and optimize AI and ML models. The solution is built on Domo’s cloud-native platform and offers comprehensive and flexible AI framework and tool set, including Large Language Models (LLMs) and generative AI capabilities. Domo's Domo.AI solution spans generative AI, natural language processing, text translations, audio transcription, and more.
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Domo (Nasdaq: DOMO) has been named a Best Company to Work For by Utah Business Magazine for the twelfth consecutive year. The company offers a diverse and talented workforce, robust employee benefits program, and unique parental perks. Domo was also named to Parity.org’s Best Companies for Women to Advance List for the fourth consecutive year and supports the Utah-based LGBTQ+ non-profit, Encircle. Founder and CEO, Josh James, expressed commitment to providing an inclusive and dynamic workplace.
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Domo (Nasdaq: DOMO) becomes eligible for Microsoft Azure Consumption Commitment (MACC) program, allowing customers to procure its data experience platform directly through the Azure Marketplace using their Azure consumption commitment.
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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