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 provides an AI and Data Products Platform that connects enterprise data, analytics, applications, and AI workflows in a governed cloud environment. Company news commonly covers Domo.AI, AI Agent Builder, Magic ETL, semantic-layer and administrator controls, marketplace availability, and integrations with cloud data foundations such as Google Cloud, BigQuery, Vertex AI, and Gemini.
Updates also include customer and partner activity, Domopalooza product announcements, executive appointments tied to AI and analytics, and the company’s subscription-based platform and professional-services business.
Domo (Nasdaq: DOMO) announced that it will release its second quarter fiscal 2022 results on August 26, 2021, post-market closure. The company will hold a conference call at 3:00 p.m. MT/5:00 p.m. ET to discuss these financial results with investors. Registration for the call is available online, and a live webcast will be hosted on Domo’s Investor Relations website. A replay will also be accessible following the call until September 9, 2021. Domo offers the Domo Business Cloud, revolutionizing business management through modern business intelligence.
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Domo (Nasdaq: DOMO) has been recognized as an overall leader in the 2021 Dresner Wisdom of Crowds® BI Market Study, achieving its fifth consecutive perfect recommendation score. The report assesses BI trends, adoption, and success metrics, highlighting Domo's strengths in Customer Experience and Vendor Credibility. The platform is praised for its speed, ease of integration, and robust support. This marks Domo's third top ranking in 2021, following accolades in both the Self Service and Cloud Computing BI Market Studies.
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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.