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.
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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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Domo (Nasdaq: DOMO) appoints RJ Tracy as Vice President of Partners, Strategic Development and Channel to lead and expand the partner program. Tracy will oversee four key initiatives to strengthen relationships with technology platform partners, collaborate with customers using Domo Everywhere, grow Domo's extensive App ecosystem, and expand and strengthen channel partner relationships. Tracy has been with the company for over 11 years and has developed teams that currently oversee more than 80% of Domo’s customer base.
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Domo (Nasdaq: DOMO) unveils 11th edition of Data Never Sleeps, showcasing increased data usage across digital platforms. The report highlights AI-driven platforms, entertainment dominance, digital spending, and cybersecurity challenges.
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Domo (Nasdaq: DOMO) partners with Edify.ai to provide data experience platform for workplace safety insights
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Domo (Nasdaq: DOMO) and Cosmo Energy Holdings Co., Ltd. partnered on an educational program to nurture skilled digital transformation talent in Japan. The program included workshops, presentations, and a one-month internship for Shiga University students. Cosmo aims to increase the number of data-enabled employees to 900 by 2025 and hopes to attract students into the data science industry. Domo supports the educational program to nurture data curiosity in the future workforce.
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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, 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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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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FAQ
What is the current stock price of Domo Class B (DOMO)?
The current stock price of Domo Class B (DOMO) is $7.07 as of December 24, 2024.
What is the market cap of Domo Class B (DOMO)?
The market cap of Domo Class B (DOMO) is approximately 276.5M.
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. Class B
Nasdaq:DOMO
DOMO Rankings
DOMO Stock Data
276.49M
33.52M
6.81%
73.88%
4.66%
Software - Application
Services-prepackaged Software
United States of America
AMERICAN FORK