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 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.
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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.
Domo (Nasdaq: DOMO) will release its first quarter fiscal 2023 results on May 26, 2022, after market close. A conference call will be held at 3:00 p.m. (MT) / 5:00 p.m. (ET) to discuss these results. Participants can register for the call in advance, and a live webcast will be available on Domo's investor relations website. A replay of the call will be accessible until June 9, 2022.
Domo's low-code data app platform optimizes business processes in days, enabling data-driven actions effectively.
Domo (Nasdaq: DOMO) has been recognized as a top vendor in Dresner Advisory Services’ 2022 Guided Analytics Market Study. This ranking reflects Domo's confirmed functionality, emphasizing its ability to enhance decision-making through data storytelling. According to Dresner, 74% of users find guided analytics crucial for accelerating insights. This marks Domo's third top ranking in 2022, alongside accolades in Cloud Computing and Embedded Business Intelligence studies. Domo continues to focus on making data accessible for all users while ensuring responsible data governance.
Domo (NASDAQ: DOMO) will present at the 17th Annual Needham Technology & Media Conference on Wednesday, May 18, 2022, at 2:15 PM ET. A live webcast of the presentation will be accessible on Domo's Investor Relations website. Domo's low-code data app platform empowers users to build data applications that enhance business operations, streamlining critical processes dramatically. For more details, visit Domo's IR page.
Domo has been named to the Women Tech Council's 2022 Shatter List for the fifth consecutive year, recognizing its efforts to foster inclusive workplace cultures in technology.
This honor highlights Domo's commitment to gender inclusivity, evaluating factors such as executive engagement, community investment, and diversity programming. Notably, nearly 40% of new hires in 2021 were diverse, emphasizing Domo's dedication to diversity, equity, and inclusion (DEI) initiatives.