Domo Inc Stock Price, News & Analysis

Domo (Nasdaq: DOMO) has announced the finalists for its inaugural Domo Community Ovation Awards, recognizing customers who have made significant impacts through innovative data usage. With nearly 350 submissions, the awards focus on 11 categories including Most Innovative Application, Rookie of the Year, and Executive of the Year. Winners will be revealed in a virtual ceremony on March 28, 2023, at 5 PM MT. This initiative highlights Domo's commitment to transforming businesses through data-driven solutions, further enhancing its community engagement.

Domo has announced the full agenda for Domopalooza 2023, featuring renowned speakers, including New York Times best-selling author Liz Wiseman. This virtual event will take place annually, allowing attendees to learn from industry leaders on maximizing the impact of data in their businesses. Wiseman's discussion will center around her latest book, Impact Players, focusing on how individuals can enhance their contributions at work. The event aims to provide valuable insights on data-driven decision-making.

Domo (NASDAQ: DOMO) has been awarded the title of Best Cloud Business Intelligence or Analytics Solution in the international Cloud Awards. This recognition highlights the capabilities of Domo Apps, which provide comprehensive data-driven solutions that integrate seamlessly into existing workflows. The platform's emphasis on low-to-no code frameworks enables users at all organizational levels to leverage data effectively. With this award, Domo reinforces its position in the competitive analytics landscape, showcasing its commitment to transforming business operations through actionable insights.

Domo, Inc. (Nasdaq: DOMO) reported its fiscal fourth quarter and full-year results for 2023, revealing total revenue of $79.6 million, a 14% increase year-over-year. Subscription revenue reached $70.3 million, growing 18%. However, billings decreased 3% to $104.5 million. Remaining Performance Obligations (RPO) increased 12% to $378.2 million. The GAAP net loss was $19.8 million or $0.57 per share. For fiscal 2024, revenue guidance is projected between $323.0 million and $330.0 million, with a non-GAAP net loss per share forecasted between $0.27 and $0.39. Domo aims to capitalize on strong demand and pipeline health.

Domo, Inc. (NASDAQ: DOMO) announced significant leadership changes, including the appointment of founder Josh James as CEO, succeeding John Mellor. This leadership transition also sees David Jolley named CFO, replacing Bruce Felt, and Jeff Skousen appointed as Chief Revenue Officer. Additionally, Dan Strong and Renée Soto have joined the Board of Directors, increasing the total to seven members. The Board expressed confidence in the new leadership's ability to drive innovation and growth, with James emphasizing a strong demand for Domo's products continuing into 2023. The leadership structure aims to enhance internal alignment and better serve customers.

Domo (NASDAQ: DOMO) announced that its management team will present at two major conferences: the JMP Securities Technology Conference on March 7, 2023, at 12:00 PM PT, and the Morgan Stanley Technology, Media and Telecom Conference on March 8, 2023, at 8:00 AM PT. A live webcast of both presentations will be available on Domo’s Investor Relations website. Domo aims to revolutionize business processes through its low-code data app platform, significantly enhancing data utilization across organizations. For further details, visit their website or follow them on social media.

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Domo (NASDAQ: DOMO) released a report revealing that businesses could save $6.5B weekly by improving data access and technology, a key factor in worker productivity. The study surveyed over 3,000 employees, finding that 31% are unaware of their company's strategy, and 45% desire better data access. Almost 62% believe enhanced tech would increase their job satisfaction. The report suggests that 58% of employees acknowledged that improved access to technology could help navigate economic challenges. The study highlights a troubling trend of 'Sleepworking,' with 24% reporting high turnover in the last year, escalating to 71% among those lacking tech tools.

Domo (Nasdaq: DOMO) will announce its financial results for the fourth quarter and full year of fiscal 2023, ending January 31, 2023, after the market closes on March 6, 2023. A conference call will be held at 3:00 p.m. (MT) to discuss these results with investors and stakeholders. Participants must register in advance for the call. A replay will be available until March 20, 2023. Domo offers a low-code data app platform aimed at transforming business operations by enhancing data accessibility and insights.