Domo Inc - DOMO STOCK NEWS

Domo (Nasdaq: DOMO), a leader in the Domo Business Cloud, will showcase customer insights from Citrus Ad and DHL at the Forrester Data Strategy & Insights Virtual Trade Show, held from October 13-15. As a premium sponsor, Domo aims to demonstrate how its platform empowers organizations in modern data utilization. Citrus Ad’s session on October 14 will focus on creating a data-driven culture, while DHL's session on October 15 will discuss leveraging data as a value differentiator. For more details on Domo's participation, visit their website.

Domo (Nasdaq: DOMO) will participate as a title sponsor at the virtual CIO 100 AGENDA20 Conference on October 6, 7, 13, and 14. Chief Strategy Officer John Mellor will lead a keynote session, while VP of Data Curiosity Ben Schein will conduct a breakout session aimed at fostering data curiosity for agile decision-making. Domo aims to help organizations unlock the value of data to adapt and innovate in the evolving business landscape. The sessions will explore balancing curiosity with governance and transforming business through a curious approach to data.

Domo (NASDAQ: DOMO) has been recognized as an Overall Experience Leader and a Credibility Leader in the 2020 Small and Mid-Sized Enterprise (SME) Business Intelligence (BI) Market Study by Dresner Advisory Services. This marks the fifth distinction for Domo in 2020, highlighting its commitment to enhancing customer experience. The report emphasizes the significance of data for informed decision-making amid the ongoing COVID-19 pandemic. Businesses are prioritizing improved operational efficiency and revenue growth, reflecting Domo's critical role in the BI landscape.

Domo (Nasdaq: DOMO) has strengthened its partnership with Snowflake by joining the Snowflake Partner Connect Program and unveiling new federated query capabilities exclusively for Snowflake users. This collaboration allows joint customers to leverage Domo's mobile-first platform and intelligent applications, enhancing their data experience. Snowflake customers can access a free 30-day Domo trial featuring QuickStarts and interactive dashboards. The integration promises improved setup and alert functionalities, aiming to boost business agility and data utilization across organizations.

Domo (Nasdaq: DOMO) has achieved a perfect recommendation score for the fourth consecutive year and is recognized as a leader in Customer Experience and Vendor Credibility in the 2020 Dresner Wisdom of Crowds BI Market Study. The report emphasizes the strong penetration of BI in the workforce, driven by the demand for better decision-making. Domo's Business Cloud delivers BI capabilities at cloud scale swiftly. This year marks Domo's third top Dresner ranking, highlighting its growing reputation in the BI space.

Domo, a leader in cloud-based business intelligence, announced its participation in the 40th Annual William Blair Growth Stock Conference. The presentation is set for June 10 at 12:00 pm CT. Attendees can view the live webcast through Domo's Investor Relations website. Domo's platform empowers organizations to rapidly analyze business intelligence at scale, providing insights in real-time. For more information about Domo, visit their official website or follow them on social media.

Domo, Inc. (Nasdaq: DOMO) reported a strong fiscal Q1 2021, with total revenue of $48.6 million, a 19% increase year-over-year. Subscription revenue rose 23% to $42.4 million, comprising 87% of total revenue. Billings grew by 13% to $46.5 million. Operating metrics showed improvement, with net cash used in operating activities decreasing by 52% to $12.9 million. However, GAAP net loss stood at $24.9 million, or $0.88 per share. Domo's Q2 revenue guidance is between $48.5 million and $49.5 million, with a full-year expectation of $194 million to $200 million.

Domo (Nasdaq: DOMO) has introduced a free Domo Zoom Productivity Tracker App aimed at aiding IT teams in managing their remote workforce. The app provides valuable Zoom-specific metrics, enabling organizations to monitor collaboration and service usage effectively. With the surge in remote work, this tool is designed to help companies gauge the impact of their investments in productivity technology. The app is accessible on both the Zoom marketplace and Domo Appstore.

Domo (Nasdaq: DOMO) announced significant updates to its Covid-19 Tracker and Data Explorer, providing users with enhanced data insights. The Data Explorer enables filtering by specific regions and exporting metrics, crucial for understanding the pandemic's impact on businesses. Key findings show initial unemployment claims decreased from 6 million to under 2.5 million since late March, while continuing claims have risen to over 25 million. Foot traffic data highlights hardware stores and other essential businesses with gains, contrasting sharply with declines in airport and casual dining foot traffic, which fell over 73% and 60%, respectively.