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. (DOMO) delivers cloud-based business intelligence solutions that transform organizational data into actionable insights. This page provides investors and professionals with verified updates about the company's operational milestones, financial results, and market positioning.
Discover comprehensive coverage of earnings announcements, product innovations, and strategic partnerships. Our curated news collection simplifies tracking Domo's progress in enterprise software and cloud analytics while maintaining strict adherence to factual reporting standards.
Key focus areas include updates on SaaS platform enhancements, data integration capabilities, and mobile-first analytics solutions. All content reflects Domo's core mission to connect business systems through real-time intelligence accessible across organizational levels.
Bookmark this resource for efficient monitoring of developments impacting Domo's role in digital transformation. Return regularly for authoritative updates on one of business intelligence's most dynamic platforms.
Domo (Nasdaq: DOMO) announced that Dr. Kristie J. Rowley, senior director of Domo’s AI Labs, has been named to Utah Business Magazine’s 30 Women to Watch list. This recognition celebrates her leadership in enhancing Domo’s AI capabilities and her influence in the Utah tech community.
Dr. Rowley has been instrumental in the development of AI tools used by global leaders. She established Domo’s data science team and laid the groundwork for integrating AI within the platform.
Besides her technical achievements, Dr. Rowley has a strong academic background with over 25 peer-reviewed publications. She also mentors aspiring professionals and actively participates in community and educational initiatives.
Domo (NASDAQ: DOMO) announced that Lencore has selected its platform to unify data across the organization, boosting customer response times, sales productivity, and achieving double-digit revenue growth. Lencore, a provider of sound masking and noise management solutions, struggled with data siloed across different systems. Previously, employees spent hours manually analyzing data. With Domo, Lencore has a single source of truth, improving manufacturing, inventory management, and shipping processes. The sales team, in particular, gained insights to focus on quicker wins from existing accounts, leading to a new revenue stream. The platform also enhances Lencore's ability to provide project quotes within 24 hours, ensuring quicker, informed customer decisions. Domo’s solutions have empowered Lencore’s executives, engineers, finance, and sales teams with actionable data and insights, driving business improvements and new opportunities.
Domo announced that Regional One Health Solutions has joined their updated partner program to harness data for improved patient care and operational efficiencies.
Regional One Health, a level-1 trauma center in Memphis, utilizes Domo's platform to create interactive dashboards tracking KPIs such as length of stay, harm events, patient satisfaction, and costs.
They received a Nucleus Research ROI Award for a 190% ROI on their data initiatives. The partnership developed a Healthcare Metrics Quick Starter App to help healthcare leaders connect various data points for better decision-making.
This collaboration aims to disrupt the healthcare industry, enhancing outcomes and increasing operational efficiency.
Domo (Nasdaq: DOMO) has been ranked as the top vendor in the Dresner Advisory Services’ 2024 Collective Insights report, surpassing 14 other vendors. This annual assessment evaluates vendors based on collaborative business intelligence (BI) and user governance capabilities. Domo's platform stands out for its content co-creation and sharing, enterprise frameworks support, and governance features. The company’s solutions empower teams with collaborative BI and analytics, easing the burden on data teams while ensuring proper governance. The report highlights Domo's role in enhancing group-based decision-making through AI and data science, emphasizing the increasing importance of Collective Insights. The achievement underscores Domo's commitment to agile data access, security, and governance.
Domo (Nasdaq: DOMO) has announced that its Founder and CEO, Josh James, will present at the TD Cowen 52nd Annual Technology, Media & Telecom Conference.
The presentation is scheduled for Wednesday, May 29, 2024, at 9:40 am ET. Interested parties can access a live webcast of the presentation on Domo's Investor Relations website.
Domo (Nasdaq: DOMO) announced its fiscal first quarter 2025 results, ending April 30, 2024. Total revenue rose 1% year-over-year to $80.1 million, with subscription revenue also up by 1% to $72.1 million. However, billings decreased by 7% to $65.5 million. The company reported a GAAP net loss of $26 million, equating to $0.69 per share, and a non-GAAP net loss of $12.3 million, or $0.33 per share. Domo's cash reserves stood at $61.2 million. Despite the losses, CEO Josh James expressed optimism about returning to growth through strategic initiatives. Domo also received several awards for innovation and customer value from Dresner Advisory Services. For the second quarter of fiscal 2025, Domo forecasts revenue between $76 million and $77 million and a non-GAAP net loss per share between $0.26 and $0.30.
GUIDEcx, a leader in customer onboarding software, has announced a partnership with Domo (Nasdaq: DOMO) to enhance data access and AI capabilities for its customers. This collaboration has led to the development of embedded analytics solutions that significantly improve efficiency and reduce costs. GUIDEcx customers can now access Domo’s library of over 1,000 data connectors, allowing for seamless data integration from various CRMs and ERPs, and enjoy 10x faster data access. Additionally, the partnership introduces a unique, cost-effective pricing model and self-serve analytics capabilities, which have increased user engagement on the GUIDEcx platform. These enhancements now allow users to generate insightful reports and make informed business decisions using Domo's AI capabilities, all with no required coding skills. The partnership is attracting new users and inspiring innovative applications of the Domo platform across industries.
Domo (Nasdaq: DOMO) announced that it will release its first quarter fiscal 2025 financial results on May 23, 2024, after the market closes.
The company will hold a conference call at 3:00 p.m. MT / 5:00 p.m. ET to discuss these results with investors. Participants can join the call by dialing (877) 484-6065 or (201) 689-8846. A live webcast will be accessible on the Domo Investor Relations website.
A replay of the call will be available until June 23, 2024, and can be accessed by dialing (877) 660-6853 or (201) 612-7415 with the access ID# 13746630.
Domo (Nasdaq: DOMO) has announced a partnership with IT solutions provider Zirous.
Zirous will join Domo's Partner Program as a certified full reseller, referral, and implementation partner. The collaboration will enable Zirous to leverage Domo's cloud-based platform to enhance data visibility and actionability for its customers.
Domo’s platform uses AI to provide real-time data, helping businesses make informed decisions. Zirous, with 35 years of experience and partnerships with top tech companies like Adobe, Microsoft, and Oracle, specializes in various IT services including data analytics, data engineering, and identity management.
The partnership aims to boost efficiency, productivity, and profitability for Zirous' extensive customer base.
Mike McDermott, CEO of Zirous, emphasized Domo’s best-in-class data capabilities, while RJ Tracy, Domo’s SVP of Partners, highlighted the complementary nature of the partnership.
Today, Domo (Nasdaq: DOMO) introduced a new suite of tools on the Shopify app store aimed at transforming retail operations. Announced at Domopalooza 2024, these tools connect Shopify data with over 1,000 native connectors in Domo’s database. The solution provides a unified view of transactional, customer, inventory, and operational data, enhancing decision-making through advanced AI and automation. The Domo + Shopify app supports key functions like personalized customer experiences, churn reduction, inventory management, and swift decision-making. The suite includes robust reporting and data-driven predictions, ensuring retailers can optimize operations and gain a competitive edge.