Domo Inc Stock Price, News & Analysis

Domo (Nasdaq: DOMO) has announced that Cenegenics, a leader in performance health technology, has adopted its cloud-native data and analytics platform to enhance patient care through real-time insights, accessible data, and optimized inventory management.

Previously, Cenegenics analysts spent weeks manually gathering and analyzing data from disconnected systems. Now, with Domo, they have real-time data and insights into operations at individual clinics, enabling timely, data-driven decisions. This improvement has led to a 16% increase in client count, an 11% rise in signups, and a 10% growth in revenue within the first year of using Domo.

By leveraging Domo, Cenegenics can monitor patient responses to communications, tailor messages for better engagement, and accurately manage inventory based on physician usage patterns. This operational efficiency enables the company to allocate resources effectively and reduce costs, while also tracking clinic performance across core KPIs to drive further improvements.

Today, Domo (Nasdaq: DOMO) announced that Harmons Grocery, a Utah-based upscale supermarket chain, is leveraging Domo's platform to access real-time insights across sales, operations, and marketing. Harmons, with over 4,000 employees and 20 stores, struggled with inefficient reporting processes before adopting Domo. This integration allows Harmons to consolidate data from various systems into a single, user-friendly platform, enabling better decision-making and reducing food waste. Now, more than 1,000 users at Harmons can instantly access and utilize data to optimize staffing, inventory, and sales strategies, ultimately enhancing the customer shopping experience.

Domo (Nasdaq: DOMO) has been named a leader in Dresner Advisory Services’ 2024 Wisdom of Crowds Business Intelligence Market Study. This marks the eighth consecutive year that Domo has received a perfect recommendation score. The 15th edition of the study assesses various BI market aspects, including automation, user penetration, and TCO. Domo excelled in categories like product robustness, functionality, technology reliability, component integration, usability, installation, and upgrades. It also topped the Customer Experience and Vendor Credibility models, receiving high marks for customer satisfaction and perceived value. This recognition reflects Domo's innovations in AI and data solutions, helping businesses make data-driven decisions. This is Domo's fourth recognition from Dresner in 2024, highlighting its continued industry leadership.

Today, Domo (Nasdaq: DOMO) announced that Fluxx, a leading cloud-based grants management solution, is leveraging Domo's technology to enhance its offerings. Fluxx serves over 400 foundations and government organizations, impacting more than 150,000 non-profits annually with over $15 billion in grants.

In 2022, Fluxx sought to integrate advanced data tools into its platform, leading to the creation of 'Grantelligence' using Domo Everywhere. Released in 2023, Grantelligence has quickly become a top-selling product, with 50% of new customers opting for it.

Using Domo, Fluxx developed an executive dashboard for real-time data access, streamlining decision-making for grantmaking executives. This collaboration represents a significant shift towards data-driven insights in grant management, enhancing operational efficiencies and customer satisfaction.

Domo (Nasdaq: DOMO) has partnered with phData, a consulting firm specializing in AI and data analytics, to enhance data management and actionable intelligence for businesses. The collaboration leverages Snowflake's AI Data Cloud and Domo's platform to provide real-time data and advanced analytics. This partnership aims to simplify data integration, improve decision-making, and drive business impact through secure AI services. The combined expertise of Domo and phData is expected to deliver significant benefits for clients worldwide.

Domo (Nasdaq: DOMO) has been named a leader in the 2024 Nucleus Research Value Matrix for Business Intelligence (BI) and Analytics Technology for the fourth consecutive year. The recognition highlights Domo's ability to combine business intelligence, interactive dashboards, and near real-time visualizations, enabling actionable insights.

The company's consumption-based pricing model provides flexibility for users, leveraging a cloud-native platform. The 2024 BI and analytics market is increasingly focused on generative AI, data democratization, and user-centric designs. Domo's leadership in AI, including machine learning, natural language processing, and predictive analytics, was also noted. The Value Matrix assesses usability and functionality, with Domo excelling in both areas.

Ben Schein, SVP of Product at Domo, emphasized the company's commitment to innovation and customer empowerment through data-driven decision-making. Alexander Wurm of Nucleus Research praised Domo's integration capabilities and comprehensive solutions that balance IT security and business agility.

Domo (Nasdaq: DOMO) announced its participation in the 2024 Data + AI Summit, emphasizing its collaboration with Databricks. The event aims to highlight the integration of Domo's Cloud Amplifier with Databricks, enhancing data interoperability and analytics.

Domo, a Databricks Validated partner, will demonstrate its native data access connector, facilitating multi-cloud data integration and actionable AI insights while maintaining security and governance.

Key session details include a presentation by Domo's Noah Finberg on June 11 at 1:40pm PT in Moscone South, Esplanade, Room 151. Attendees can explore Domo's platform at booth #84.

Domo (Nasdaq: DOMO) has launched the Domo Integration Suite, named Domo Samurai, which consolidates its award-winning cloud-native platform components into a single, user-friendly solution.

The suite includes Domo's multi-cloud data offering Cloud Amplifier and Magic ETL (Extract, Transform, Load) drag-and-drop tools, along with over 1,000 native connectors and integrations. This suite aims to help companies manage and utilize data from various sources effectively, allowing both technical and non-technical users to derive actionable insights for data-driven decision-making.

Domo Samurai addresses the growing complexity of data management as businesses scale, simplifying access to data across platforms like Snowflake, Databricks, Azure, and AWS.

The Integration Suite ensures data security and compliance, automates data transformation, and provides a unified view of data processes, making it easier for organizations to leverage data as a strategic asset.

Customer testimonials highlight the suite's ease of use, quick integration capabilities, and the ability to democratize data access across business units.

Domo (Nasdaq: DOMO) will exhibit at the Snowflake AI Data Cloud Summit 2024, demonstrating how its integration with Snowflake enhances data management and BI architecture for businesses. Attendees will see Domo's platform, including the new Domo Samurai Integration Suite, in action, showcasing real-time analytics and insights.

Key features include Magic ETL capabilities on the Snowflake AI Data Cloud, which optimize data workflows and support scalability. Notably, TaylorMade has used this integration to improve its supply chain visibility and efficiency.

The summit, featuring keynotes, training, and over 170 sessions on AI and LLMs, will take place on June 5, 2024. Domo will hold sessions at 1 pm and 2:30 pm PT, with live demos available at Booth #1202.