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.
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Domo (Nasdaq: DOMO) and JMills Entertainment received five Telly Awards for their collaboration on the Domopalooza 2021 Opening Keynote. Honors include a Gold Telly for Online General-Show Opening Segment and four additional awards across various categories. The Telly Awards recognize excellence in video and television, attracting over 12,000 entries globally. John Mellor, Domo's Chief Strategy Officer, emphasized the importance of delivering an exceptional virtual user experience. This recognition highlights Domo's commitment to innovation and excellence in business intelligence.
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Domo (Nasdaq: DOMO) announces its integration with Snowpark, enhancing developers' capabilities on its BI platform. This integration facilitates the use of languages like Scala and Java for custom solutions, streamlining data management for enterprises. Domo supports Snowflake's Java/Scala User Defined Functions (UDFs), enabling users to edit code directly on the Domo platform. The partnership aims to provide actionable data insights, allowing businesses to leverage their data more effectively.
Domo (Nasdaq: DOMO) has launched its new Domo Everywhere offering, enhancing embedded analytics solutions to improve customer experiences and create revenue streams. This platform consolidates existing analytics products, offering organizations a comprehensive solution for data sharing and collaboration. Domo Everywhere allows users to monetize data effectively while ensuring security and governance. Additionally, companies like Emerson are leveraging its capabilities for IoT data integration, enhancing customer engagement through personalized solutions. Domo Everywhere is now available for deployment.
Domo (Nasdaq: DOMO) announced its participation in the Baird 2021 Global Consumer, Technology & Services Conference. The management will present virtually on June 10, 2021, at 10:15 AM ET. Interested parties can access the live webcast through Domo's Investor Relations website. Domo is dedicated to empowering organizations with its cloud-based Business Intelligence tools, facilitating rapid decision-making and operational efficiency. For further details about Domo's offerings, visit their website.
Domo, Inc. (Nasdaq: DOMO) reported fiscal Q1 results for the period ending April 30, 2021, with total revenue of $60.1 million, marking a 24% year-over-year increase. Subscription revenue reached $52.1 million (up 23%), constituting 87% of total revenue. Billings grew 25% to $58.2 million. Remaining performance obligations stood at $284.3 million, a 24% increase. GAAP net loss was $18.1 million ($0.58 per share). Domo forecasts Q2 revenue between $60.0 million and $61.0 million, with full-year revenue expected between $246.0 million and $252.0 million.
Domo (Nasdaq: DOMO) received an honorable mention in the Fast Company 2021 World Changing Ideas Awards for its COVID-19 tracker, which curates and shares data from trusted sources. The tracker, created in March 2020, updates data every 10 minutes and allows users to explore pandemic statistics globally or locally. It is designed for easy embedding by users and has been utilized by nearly 800 customers. Domo's tracker also recently won two Webby Awards in the Data Management category, reflecting its significant impact on business metrics during the pandemic.
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Domo (Nasdaq: DOMO) will present at three upcoming conferences: the 16th Annual Needham Virtual Technology & Media Conference on May 20, 2021, at 3:45 PM ET; Cowen's 49th Annual Technology Media & Telecom Conference on June 2, 2021, at 3:50 PM ET; and the William Blair 41st Annual Growth Stock Conference on June 3, 2021, at 5:00 PM ET. Live webcasts will be available on Domo's Investor Relations website. Domo empowers organizations with its Business Cloud, enabling rapid BI processes at scale.