Domo Inc Stock Price, News & Analysis

Domo (Nasdaq: DOMO) has been recognized with the 2020-2021 Cloud Award for Best Cloud Business Intelligence or Analytics Solution. This marks the fifth consecutive year that Domo has received this honor from the prestigious Cloud Awards, distinguishing itself among 22 competitors for its ability to deliver scalable BI solutions efficiently. Domo’s founder, Josh James, emphasized the company's commitment to transforming data accessibility in organizations, showcasing the dedication of its team in providing remarkable technology solutions.

Domo (Nasdaq: DOMO) announces its achievement of Premier status in Snowflake’s Partner Connect Program. This certification validates Domo's high-speed federated connector, enhancing data management capabilities for customers using Snowflake’s platform. The partnership, initially formed in October 2019, allows organizations to consolidate their data and execute analytics efficiently. Domo’s modern BI platform is designed to provide actionable insights quickly, supporting decision-makers across various sectors. This milestone underscores Domo's commitment to optimizing data user experience.

Domo (Nasdaq: DOMO) has released a significant report detailing the impact of the COVID-19 pandemic on non-grocery retailers in 2020, based on analysis from their modern BI platform and SafeGraph GPS Mobility data. The report highlights a 14.1% overall decline in foot traffic, with an alarming 83.2% decrease for small businesses in April. Retailers utilizing buy online, pick up in store (BOPIS) had a significantly reduced decline of 1.2%. The report indicates future retail success will depend on rapid adaptation and digital innovation.

Domo (Nasdaq: DOMO) has announced its management will be presenting at two upcoming virtual events: the 23rd Annual Needham Virtual Growth Conference on January 13, 2021, at 12:30 PM ET and the Jefferies Virtual Software Bus Tour on January 14, 2021, at 5:00 PM ET. A live webcast of these presentations will be accessible on Domo's Investor Relations website. Domo provides the Domo Business Cloud, enabling organizations to achieve business intelligence goals quickly and efficiently.

Domo (Nasdaq: DOMO) has been selected by True Influence to provide a cloud-based platform for internal decision-making, enhancing real-time insights across departments. True Influence, specializing in intent-based marketing solutions, aims to improve targeting accuracy using behavioral data. The partnership allows True Influence to utilize Domo's over 1,000 pre-built connectors for efficient data handling. Domo's CRO emphasized the importance of actionable data during economic challenges, underscoring the platform's flexibility to adapt to business needs.

Domo (Nasdaq: DOMO) has collaborated with the Smartronix Team to develop the Pandemic Response Accountability Committee’s (PRAC) public website. This platform offers interactive visualizations aimed at enhancing transparency regarding the allocation of $2.6 trillion in CARES Act funds. Through advanced data integration, Domo enables citizens to access vital information on government aid across various sectors. The initiative underscores the commitment to transparency in pandemic-related spending, equipping users with tools to analyze and engage with data effectively.

Domo (Nasdaq: DOMO) has announced its participation in the UBS Global TMT Virtual Conference, scheduled for December 8, 2020, at 12:05 PM ET. A live webcast of the presentation will be accessible on the Domo Investor Relations website. Domo, known for its Business Cloud, enables organizations to streamline business intelligence processes efficiently, drastically reducing time spent on tasks that previously took weeks or months. For further information, visit www.domo.com.

Domo, Inc. (Nasdaq: DOMO) reported fiscal Q3 results for the period ended October 31, 2020, with total revenue of $53.6 million, a 20% increase year-over-year. Subscription revenue reached $46.9 million, growing 24% year-over-year, making up 87% of total revenue. Billings were $55.7 million, a 25% growth. Remaining performance obligations (RPO) totaled $248.8 million, up 21%. Cash and cash equivalents stood at $83.8 million. Guidance for Q4 revenue is projected between $53.3 million and $54.3 million.

Domo (Nasdaq: DOMO) has received seven prestigious accolades from Gartner Research’s Digital Markets brands, including the Capterra Top 20 and Software Advice FrontRunners as of August 2020. These awards reflect positive verified end-user reviews and highlight Domo's capabilities in Business Intelligence, Data Visualization, and Statistical Analysis. The platform boasts an impressive rating of 4.7 out of 5 stars and a 100% recommendation rate on Gartner Peer Insights, showcasing its effectiveness in addressing complex data challenges for businesses of all sizes.