Domo Inc Stock Price, News & Analysis

Domo (Nasdaq: DOMO) has been named an Overall Leader in Dresner Advisory Services' Wisdom of Crowds® Industry Excellence Awards for the eighth consecutive year. The company excelled in both Customer Experience and Vendor Credibility models, receiving a perfect recommendation score for the eighth year running. Domo was recognized as best in class for product robustness, functionality completeness, technology reliability, component integration, usability, and ease of installation and upgrade.

In the new Value / TCO Model, Domo scored high in value and low on total cost of ownership. The company's CTO, Daren Thayne, emphasized their commitment to empowering businesses with actionable data and insights through AI-powered experiences. This recognition marks Domo's fifth Dresner distinction in 2024, reinforcing its position as a leader in the analytics and BI market.

Domo (Nasdaq: DOMO) has announced its 2024 Connections Tour across North America. The tour aims to provide hands-on technical training and in-person support for current and prospective customers. Key features include:

- Technical workshops on using Domo.AI as a personal data assistant
- Real-world use cases from Domo customers
- Product demos and networking opportunities
- Focus on unlocking business value with data and AI

The tour will visit 11 cities from September to October 2024, including Chicago, New York City, Toronto, Boston, Atlanta, Dallas, and San Francisco. Each event runs from 12:30 - 6:00 PM local time. Interested parties can sign up at www.domo.com/domo-connections-tour.

Domo (Nasdaq: DOMO) has announced an amendment to its existing debt facility, extending the maturity date to August 2028. The modification includes a reduction in both the overall interest rate and annual cash interest cost. David Jolley, Domo's CFO, emphasized the company's focus on returning to growth through strategic initiatives such as:

• Converting the customer base to a consumption-based pricing model
• Expanding go-to-market capabilities through partnerships

Jolley expressed satisfaction with the continued support from funds and accounts managed by BlackRock, stating that the amended terms are mutually beneficial. This modification is expected to allow Domo to invest in opportunities that the company believes will have the greatest impact on its business performance.

Domo (Nasdaq: DOMO) has announced the timing of its second quarter fiscal 2025 earnings conference call. The company will release its financial results for the quarter ended July 31, 2024, on Thursday, August 29, 2024, after the market closes. A conference call will be held at 3:00 p.m. (MT) / 5:00 p.m. (ET) to discuss the results with investors.

Interested parties can access the call via a live dial-in at (877) 484-6065 or (201) 689-8846. Additionally, a live webcast will be available on the Domo Investor Relations website. For those unable to attend, a replay will be accessible until September 27, 2024, at 11:59 p.m. (ET) using the access ID# 13748360.

Domo (Nasdaq: DOMO) has released a special AI-focused edition of its annual Data Never Sleeps (DNS) infographic. This report highlights the significant impact of AI on data generation and everyday life. Key findings include:

- $293,000 is spent globally on AI every minute
- 1,389 images are generated by Dall-E 2 every minute
- 19,028 images are created by other text-to-image platforms every minute
- 7,431 minutes of AI-generated video are created every minute
- 35 new cars with hands-free automation are sold each minute
- Employees save 467,882 hours of work using ChatGPT every minute
- 52 college papers are flagged for AI plagiarism on Turnitin every minute
- Up to 185 gallons of water are used to cool ChatGPT supercomputer every minute

The report emphasizes the growing influence of AI across various sectors and its resource requirements.

Domo (Nasdaq: DOMO) has been named a Challenger in the 2024 Gartner Magic Quadrant for Analytics and BI Platforms. The company received the second-highest product ratings for Analytics Developer (3.45/5) and Data Scientist Integration (3.43/5) Use Cases in the Critical Capabilities report. Domo's CEO, Josh James, emphasized the platform's ability to serve as an all-in-one solution for companies leveraging AI and data for informed decision-making.

Domo customers gave the platform an overall rating of 4.6 out of 5 based on 42 reviews on Gartner Peer Insights over the past 12 months. Users praised Domo's scalability, data connectivity, customizable dashboards, and integration capabilities. The platform is particularly recommended for business users without coding expertise, especially those operating with cloud-based data.

Domo (Nasdaq: DOMO) announced that Freddy's Frozen Custard & Steakburgers is using Domo's Data Science Suite to gain insights into restaurant data, enabling franchisees to optimize pricing and model menu mix. Freddy's, a fast-growing franchise with over 500 locations in 36 states, initially struggled with implementing Machine Learning and AI. After an unsuccessful pilot with another platform, they turned to Domo, their long-time data partner.

With Domo's experienced data science consultants, Freddy's achieved several quick wins, including launching and optimizing a new guest loyalty program and gaining the ability to accurately score locations for A/B testing initiatives. Sean Thompson, VP of IT at Freddy's, emphasized the importance of partnering with a company that understands the journey and importance of education in data science implementation.

Domo (Nasdaq: DOMO) has announced a partnership with GNW Consulting, a strategic marketing operations agency. This collaboration aims to support mutual clients throughout their marketing journey, from strategy to deployment. GNW Consulting, having served over 600 clients, will utilize Domo's AI and data platform to optimize marketing operations programs, enabling quicker and better-informed real-time decisions.

The partnership enhances GNW Consulting's implementation of Analytics Essentials and Operational Analytics, as well as integration processes with popular MarTech solutions. Domo's platform allows clients to efficiently integrate and manage various data sources, delivering actionable intelligence through advanced analytics and visualization tools. This collaboration is expected to drive efficiency, scalability, and explainability in clients' marketing and sales strategies.

Domo (Nasdaq: DOMO) was recognized as the B2B Program of the Year at Forrester's B2B Summit North America 2024. This accolade highlights Domo's successful efforts to enhance customer engagement through their user community platform, Domo Central. Established in 2023, Domo Central unified customer engagement strategies, resulting in a 130% increase in community forum visits, a 25% rise in product ideas from customers, and a reduction in average response time to 30 minutes. The platform includes diverse features such as a Customer Advisory Board, Community Discussion Forums, Educational Support, and more, aimed at improving customer relationships and satisfaction. Domo Central's comprehensive approach reflects the company's commitment to fostering human connections and valuing customer feedback throughout the entire customer journey.