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, Inc. (Nasdaq: DOMO) reported its fiscal second quarter results for the period ended July 31, 2022, revealing total revenue of $75.5 million, up 20% year over year. Subscription revenue reached $67.4 million, a 23% increase, comprising 89% of total revenue. Billings grew by 21% to $72.3 million, while Remaining Performance Obligations (RPO) rose to $349.1 million, up 22%. However, GAAP net loss was $29.1 million with a loss per share of $0.86. Domo expects Q3 revenue between $76 million and $77 million and full-year revenue of $305 million to $310 million.
Domo (NASDAQ: DOMO) has appointed Wendy Steinle as its new Chief Marketing Officer (CMO). Steinle previously spent over six years at Adobe, where she played a pivotal role in growing the Digital Experience business from $1.6B to over $3B in three years. Her extensive experience includes leading marketing efforts in partnership with Microsoft and overseeing customer success initiatives. Domo aims to enhance decision-making capabilities for its clients while fostering a vibrant employee culture under Steinle's leadership.
Domo (Nasdaq: DOMO) announced that its management will present at the 2022 Deutsche Bank Technology Conference on August 31, 2022, at 11:15 AM PT. The event will be accessible via a live webcast on Domo's Investor Relations website. Domo emphasizes transforming business through its low-code data app platform, which streamlines critical business processes, enabling optimization in days rather than months. For more information, visit www.domo.com.
Domo (NASDAQ: DOMO) will participate in the Gartner Data and Analytics Summit from August 22-24, 2022, in Orlando, Florida. The company is set to present three sessions that highlight its focus on enhancing data access to boost analytics and business intelligence (BI) adoption. Key sessions include demonstrations of analytics tools, AI/BI integration strategies, and insights from elite athletes on building high-performing data teams. Domo will also showcase its capabilities at booth #204, emphasizing its low-code data app platform designed for rapid business process optimization.
Domo (NASDAQ: DOMO) has been recognized in the Leaders category of the 2022 IDC MarketScape for U.S. business intelligence and analytics platforms, marking its first appearance in this report. The company stands out due to its speed to deployment, with the ability to implement solutions quickly and effectively across various business functions. This recognition reflects Domo's commitment to enabling organizations to leverage data for better decision-making. The IDC report assessed 16 BIA vendors, highlighting Domo's focus on meeting business user needs.
Lumio has appointed Carine Clark as Chief Innovation Officer, enhancing its leadership in personalized renewable energy. Clark, a seasoned executive with a track record in scaling tech companies, aims to drive Lumio's sustainable growth. Recognized for her contributions, she is also the Executive Chairman of Domo (Nasdaq: DOMO) and actively involved in various initiatives. Clark's leadership is expected to foster innovation and community engagement, aligning with Lumio's mission to decentralize energy production.
Domo has achieved HITRUST Certified status for information security, validating its commitment to risk management and compliance. The Domo platform, hosted on AWS, meets key regulations and protects customer data across industries, including finance and healthcare. The certification highlights Domo’s investment in security through rigorous audits and assessments. The company’s Security Council oversees continuous adherence to best practices, ensuring enterprise-level data protection. This accomplishment positions Domo among elite organizations internationally, reinforcing its reputation in the cloud services market.
Domo (NASDAQ: DOMO) will release its second quarter fiscal 2023 results on August 25, 2022, after the market closes. A conference call to discuss these results will be held at 3:00 p.m. (MT) / 5:00 p.m. (ET). Interested participants can register in advance through the provided link. A live webcast will be accessible on Domo's Investor Relations website, and a replay will be available post-call. Domo's platform enhances data accessibility, aiming to optimize critical business processes quickly.
Summary not available.
Summary not available.