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) delivers cloud-based business intelligence solutions that transform organizational data into actionable insights. This page provides investors and professionals with verified updates about the company's operational milestones, financial results, and market positioning.
Discover comprehensive coverage of earnings announcements, product innovations, and strategic partnerships. Our curated news collection simplifies tracking Domo's progress in enterprise software and cloud analytics while maintaining strict adherence to factual reporting standards.
Key focus areas include updates on SaaS platform enhancements, data integration capabilities, and mobile-first analytics solutions. All content reflects Domo's core mission to connect business systems through real-time intelligence accessible across organizational levels.
Bookmark this resource for efficient monitoring of developments impacting Domo's role in digital transformation. Return regularly for authoritative updates on one of business intelligence's most dynamic platforms.
Domo (Nasdaq: DOMO) announced a partnership with HelloFresh to enhance its HR operations using Domo's business intelligence platform. This collaboration follows a successful three-week proof of concept where Domo demonstrated its ability to efficiently integrate multiple data sets, improving workforce analytics for HelloFresh, which has over 10,000 employees in the U.S. With plans to broaden this partnership, HelloFresh aims to utilize Domo for recruitment, employee engagement, and workforce management.
Domo (NASDAQ: DOMO) and Webáta have launched FindingFormula.org, a platform designed to assist parents amid the ongoing baby formula shortage. The site leverages Webáta's inventory data from major retailers like Walmart and Target, using Domo’s low-code data app platform to provide real-time stock information. This initiative aims to simplify the search for baby formula, particularly for those with specific health requirements. In-stock data is updated daily, enhancing accessibility for caregivers across North America.
Domo (Nasdaq: DOMO) has been recognized as a leader in Nucleus Research’s 2022 Analytics Technology Value Matrix for the second year in a row. The accolades highlight Domo's robust integration development tools and its enhanced multi-cloud capabilities. According to CEO John Mellor, the company aims to transform businesses by leveraging data effectively. The recognition is attributed to the platform's sophistication, ease of use, and continued investments in data management and analytics, positioning Domo favorably against competitors in the BI landscape.
Domo (NASDAQ: DOMO) and Jmills Entertainment received seven awards at the 43rd Annual Telly Awards for their joint production of Domopalooza 2022. The awards included four Golds for Online General-Virtual Events, Online Craft-Editing, Online General-Hybrid Events, and Online General-Virtual Events. Additionally, a Silver was awarded for Online Craft-Art Direction, alongside two Bronzes for Online General-Show Opening Segment and Online Craft-Directing. These accolades highlight Domo's commitment to delivering engaging content during challenging times.
Domo (Nasdaq: DOMO) has received its sixth consecutive perfect recommendation score in the 2022 Dresner Wisdom of Crowds® BI Market Study, solidifying its position as an overall leader in the business intelligence sector. This report provides a comprehensive analysis of BI end-user trends, covering aspects like adoption, staffing, and technology. Domo's cloud-based platform is recognized for its speed, agility, and customer satisfaction, excelling in multiple product metrics including sales, technical support, and product robustness. The recognition further underscores Domo's commitment to empowering businesses through data.
Domo, Inc. (Nasdaq: DOMO) reported its fiscal first quarter results for the period ending April 30, 2022. Total revenue reached $74.5 million, a year-over-year increase of 24%. Subscription revenue also grew by 24% to $64.6 million, making up 87% of total revenue. Billings totaled $72.9 million, indicating a 25% growth year-over-year. A net loss of $32.9 million was reported, with a GAAP net loss per share of $0.99. Domo expects Q2 revenue between $76.0 million and $77.0 million, with a full-year revenue forecast of $315.0 million to $319.0 million.
Domo (NASDAQ: DOMO) announced key presentations at three upcoming conferences: the Cowen 50th Annual Technology, Media & Telecom Conference on June 1, 2022, at 8:30 am ET; the Jefferies Software Conference on June 2, 2022, at 4:30 pm ET; and the Baird 2022 Global Consumer, Technology & Services Conference on June 7, 2022, at 11:25 am ET. A live webcast will be accessible on Domo's Investor Relations website. Domo provides a low-code data app platform designed to optimize critical business processes rapidly.
Domo (Nasdaq: DOMO) has achieved the top ranking among 14 vendors in the Dresner Advisory Services’ 2022 Self-Service Business Intelligence Market Study. The study evaluated factors such as collaborative, governance, and Guided Analytics features, alongside the ease of creating insights. Domo's cloud-based platform excels through its user-friendly approach, helping enterprises leverage data effectively. Howard Dresner, founder of Dresner Advisory Services, highlighted the importance of Self-Service BI for improved decision-making.
Domo (Nasdaq: DOMO) announced a five-year renewal agreement with O’Reilly Auto Parts to expand its cloud-based data platform beyond store operations and loss prevention. O’Reilly, with over 5,800 stores across 47 states, plans to enhance data usage across various functions, including HR and marketing. The collaboration aims to improve data accessibility and efficiency, enabling faster decision-making. O’Reilly has successfully utilized Domo to streamline reporting processes and enhance operational agility since 2019, signaling a strong commitment to data-driven innovation.
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