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. (NASDAQ: DOMO) is a software company that offers an AI and Data Products platform used by organizations to prepare, visualize, automate, distribute, and build data products across the data journey. The DOMO news page on Stock Titan aggregates company announcements, customer stories, product updates, and financial disclosures so readers can follow how Domo’s platform is applied in practice.
Recent news highlights show Domo’s technology being used in diverse settings. A global travel management and events company uses Domo’s AI and Data Products Platform to unify travel, finance, operations, and customer data into a single, real-time view, enabling faster reporting, live dashboards, and automated alerts. An Australian tile, stone, and timber retailer has deployed Domo alongside Snowflake to create a governed data foundation, with Domo serving as the engagement layer for analytics, workflows, and custom-built applications.
Other stories describe a large grocery retailer implementing Domo as an enterprise reporting platform to aggregate data from functions such as HR, finance, marketing, operations, merchandising, and supply chain. Nonprofit organizations, through the Domo for Good program, use the platform to turn scattered data into insights that improve healthcare, education, and community development outcomes.
In addition to customer implementations, Domo news includes items on analyst recognition, awards for its AI and data products technology, participation in initiatives like the Open Semantic Interchange, and partnerships that showcase how data and AI support performance in fields such as motorsport. Earnings releases and related communications provide updates on revenue composition, subscription performance, and the use of non-GAAP financial measures.
Investors, customers, and observers can use the DOMO news feed to see how Domo positions its AI and Data Products platform, how it collaborates with partners, and how organizations across industries are using the platform to build AI-ready, data-driven operations.
Domo (NASDAQ: DOMO) has announced Domopalooza 2023, a virtual event scheduled for March 29, 2023. This ninth annual event features business and tech leaders from companies like Constellium and CleanChoice Energy, who will share insights on leveraging data for enhanced business impact. The event includes workshops, roundtable discussions, and training sessions aimed at modernizing business processes through data utilization. Attendees are encouraged to register and explore an agenda with over 20 breakout sessions designed to showcase Domo’s innovative approaches to business intelligence.
Domo (Nasdaq: DOMO) will present at the 25th Annual Needham Growth Conference on Thursday, January 12, 2023, at 10:15 am ET. The presentation can be accessed via a live webcast on Domo's Investor Relations website. Domo's platform empowers users to create data applications, streamlining business processes significantly. This event highlights Domo's commitment to innovation and its role in transforming business data utilization.
Domo has been recognized as the top vendor in the Dresner Advisory Services’ 2022 Analytical Platforms Market Study, outperforming 15 other companies. This ranking reflects Domo's functionality, validated by user feedback and analyst input. The company has achieved seven distinctions from Dresner this year, including top rankings across several key studies. Domo's CEO commented on the significance of this recognition in enhancing customer outcomes by providing an integrated technology platform for business intelligence.
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Domo (NASDAQ: DOMO) has partnered with MATTER, a Minnesota-based NGO, to enhance the MATTER Innovation Hub (MIH). This initiative aims to improve student-centered learning globally by providing access to modern technology and educational resources. Since its inception in 2017, MIH has expanded to 12 sites across five countries, affecting over 11,000 students. Domo's involvement will enhance data collection and analysis, helping MATTER measure program success and student outcomes, thereby promoting creativity and problem-solving skills among students.
Domo, Inc. (Nasdaq: DOMO) reported fiscal Q3 results for the period ending October 31, 2022, with total revenue of $79.0 million, a 21% year-over-year increase. Subscription revenue reached $69.0 million (up 22% YOY), comprising 87% of total revenue. Billings grew by 5% to $74.0 million, while Remaining Performance Obligations rose 19% to $354.3 million. The company reported a GAAP net loss of $23.7 million and a non-GAAP net loss of $4.5 million. Domo maintains a positive outlook, forecasting Q4 revenue between $77.0 million and $78.0 million.
Domo (Nasdaq: DOMO) has joined the Amazon SageMaker Ready Program, positioning itself as a validated partner that helps clients accelerate their machine learning (ML) integration via Amazon SageMaker. This program aids customers in discovering AWS-supported solutions and enhances visibility for Domo's products in the AWS ecosystem. Domo's automated machine learning capabilities make ML accessible to a broader audience, enabling faster data insights and improved business processes. CEO John Mellor emphasized the significance of this partnership in unlocking data potential.
Domo (Nasdaq: DOMO) will present at the Credit Suisse 25th Annual Technology Conference on November 29, 2022, at 9:35 AM ET. The conference aims to showcase innovations in technology, highlighting Domo's capabilities in transforming business through its Domo Business Cloud. A live webcast of the presentation will be accessible via Domo's Investor Relations website.
For more insights into Domo's strategy and offerings, visit www.domo.com.
Domo (Nasdaq: DOMO) has been recognized as a leader in Nucleus Research's 2022 Embedded Analytics Technology Value Matrix. The evaluation highlights Domo's Domo Everywhere offering, praised for its customizable features and ease of use, enabling clients to streamline external reporting and automate workflows. Analysts noted the platform's scalability, supporting enterprise adoption without increasing operational costs. CEO John Mellor expressed pride in the recognition, emphasizing Domo's role in facilitating actionable data for improved business outcomes.
Domo, a data platform company, announced it will release its third quarter fiscal 2023 results on December 8, 2022. The earnings report will follow the market close, with a conference call scheduled at 3:00 p.m. MT and 5:00 p.m. ET to discuss the results. Interested parties can register for the call in advance, and a live webcast will be available on Domo's Investor Relations website. A replay will be accessible until December 22, 2022.
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