Domo

Domo, Inc. designs, develops, and markets executive management software solutions. It offers customized software tools for business operations, customer relationship management, human resources, and financial reporting. The company was founded by Joshua G. James in September 2010 and is headquartered in American Fork, UT.

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Domo reports 7% revenue growth in Q1, focuses on AI and consumption pricing for future expansion

Domo's Q1 performance showcased revenue growth and notable customer wins, while also highlighting challenges in billings and sales force changes. The company's focus on AI and consumption pricing presents opportunities for future growth, with guidance indicating potential for continued expansion.

Domo reports 5% revenue growth but lowers forecasts for '24

Domo's Q2 performance showed revenue growth but declining billings, with challenges in the IT spending environment impacting new business opportunities. However, the company's focus on consumption-based pricing has led to larger deal sizes and higher customer retention. Domo is optimistic about the potential of AI and is committed to remaining operating margin positive for the year.

Domo exceeds Q3 guidance, shifts to consumption model for growth

Domo's Q3 performance exceeded expectations, driven by the successful shift to a consumption model and increased revenue. Despite challenges with workforce reduction and debt refinancing, the company is well-positioned to capitalize on opportunities, including the incorporation of generative AI and potential debt retirement.

Domo reports solid Q4 growth amidst economic challenges and strategic focus

Domo's Q4 FY2023 earnings call highlighted solid financial performance, strategic leadership optimism, and a focus on customer-centric growth strategies.
Despite challenges like billings decline and macroeconomic factors, Domo's market positioning in digital transformation and data utilization presents growth opportunities.
The company's agile approach to adjusting plans based on performance metrics and market dynamics underscores adaptability and potential for sustained success.

Domo reports 7% revenue growth in Q1, eyes accelerated billings

Domo's Q1 FY 2024 showed revenue growth and strategic focus on customer-centric initiatives. Challenges include rebuilding the deal pipeline and optimizing sales performance. Opportunities lie in accelerated billings and innovation.

Domo reports Q2 revenue growth, addresses renewal challenges and strategies

Domo's Q2 2024 Earnings Call highlighted revenue growth, challenges in renewals, and strategies for growth and profitability. The company emphasized consumption pricing, AI technology, and cost management strategies.

Domo surpasses Q3 expectations, focuses on consumption model growth

Domo's Q3 2024 performance exceeded expectations with strong financial metrics and revenue growth.
The company's shift towards a consumption model and freemium offering drove customer success and adoption.
Operational changes were made to optimize costs and focus on positive cash flow.
Future outlook includes targeting free cash flow positivity, debt refinancing, and product enhancements.

Domo surpasses Q4 expectations, eyes growth through PLG initiatives

Domo's Q4 performance exceeded expectations with strong financial results and strategic priorities for growth.
While facing challenges like NRR down-ticking and macro headwinds, the company is optimistic about future prospects.
Opportunities lie in accelerating growth through PLG initiatives and optimizing sales strategies.
Overall, Domo's focus on innovation and financial stability sets a positive trajectory for fiscal '25.

Domo surpasses Q1 revenue targets, eyes strategic growth opportunities

Domo's Q1 performance showed resilience with revenue exceeding guidance and positive cash flow, despite challenges from a large nonrenewal impacting metrics.
The company's strengths lie in ecosystem partnerships, transitioning to a consumption model, and exploring growth opportunities through strategic options.
While facing challenges in gross retention and financial metrics, Domo remains focused on driving growth, improving retention, and maximizing shareholder value.

Domo beats revenue guidance, shifts focus to ecosystem partnerships

Domo's Q2 performance exceeded revenue guidance but faced challenges in billings.
Strengths include extended debt maturity, progress on growth initiatives, and improved retention rates.
Opportunities lie in ecosystem partnerships, consumption pricing, and growth expectations.

Domo surpasses Q3 expectations with strong partner contributions and AI growth

Domo's Q3 performance exceeded expectations, driven by strong partner contributions and a focus on consumption contracts. Challenges include lower adjusted free cash flow due to delayed receipts, with a positive outlook for improvement in Q4. The company sees opportunities in AI-driven vendor consolidation and aims for sustained growth through strategic partnerships.

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Gen Digital Inc

In 2011, a leading venture capitalist named Marc Andreessen coined the phrase “software is eating the world." He forecast software companies to penetrate every industry and part of our lives, and he wasn't wrong.

2 Software Stocks Trading Near 52-Week Lows

SILICON SLOPES, Utah--(BUSINESS WIRE)-- #CloudAwards--Domo (Nasdaq: DOMO) announced today that Domo Apps has been named the winner of the Best Cloud Business Intelligence or Analytics Solution in the international cloud computing awards program, The Cloud Awards. “Domo Apps deliver an impressive and comprehensive solution to businesses that require multi-source data-driven solutions,” said Christopher Southall, lead judge at The Cloud Awards.

Domo Named a Winner in the 2022-2023 Cloud Awards for Cloud BI and Analytics

Domo, Inc. (NASDAQ:DOMO ) Q4 2023 Results Conference Call March 6, 2023 5:00 PM ET Company Participants Peter Lowry - Investor Relations John Mellor - CEO (Outgoing) Josh James - CEO Julie Kehoe - Chief Communications Officer David Jolley - CFO Conference Call Participants Eric Martinez - Lake Street Capital Markets Derrick Wood - Cowen Kamil Mielczarek - William Blair Sanjit Singh - Morgan Stanley Operator Good afternoon, ladies and gentlemen, and welcome to the Domo Q4 Fiscal Year 2023 Earnings Conference Call. [Operator Instructions] Please be advised that this call is being recorded.

Domo, Inc. (DOMO) Q4 2023 Earnings Call Transcript

Domo Inc. DOMO, +3.79% shares wavered between gains and losses in the extended session Monday after the cloud software company reported a narrower-than-expected adjusted loss for its fourth quarter and said Chief Executive John Mellor was stepping down. Domo lost $19.8 million, or 57 cents a share, in the quarter, compared with a loss of $33.2 million, or $1.01 a share, in the year-ago period.

Domo posts narrower quarterly loss, CEO Mellor to step down

SILICON SLOPES, Utah--(BUSINESS WIRE)--Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal fourth quarter and year ended January 31, 2023. Fiscal Fourth Quarter Results Total revenue was $79.6 million, an increase of 14% year over year Subscription revenue was $70.3 million, an increase of 18% year over year Subscription revenue represented 88% of total revenue Billings were $104.5 million, a decrease of 3% year over year Remaining Performance Obligations (RPO) was $378.

Domo Announces Fourth Quarter and Fiscal 2023 Financial Results

SILICON SLOPES, Utah--(BUSINESS WIRE)--Domo, Inc. (NASDAQ: DOMO) today announced the following key senior leadership changes and Board appointments: John Mellor has stepped down as Chief Executive Officer and a Director of the company after nearly four years with Domo. He will be available to support the company during this transition period, as needed. Domo Founder Josh James has been named Chief Executive Officer and a Director of the company.

Domo Announces CEO Transition: John Mellor Steps Down as CEO, Succeeded by Domo Founder Josh James

SILICON SLOPES, Utah--(BUSINESS WIRE)--Domo (Nasdaq: DOMO) today announced management will present at the JMP Securities Technology Conference on Tuesday, March 7, 2023 at 12:00pm PT, and at the Morgan Stanley Technology, Media and Telecom Conference on Wednesday, March 8, 2023 at 8:00am PT. A live webcast of Domo's presentations at each event will be available on the Domo Investor Relations website at www.domo.com/IR. About Domo Domo transforms business by putting data to work for everyone.

Domo Executives to Participate in Upcoming Investor Conferences

SILICON SLOPES, Utah--(BUSINESS WIRE)--Today Domo (Nasdaq: DOMO) announced it has been named the winner of five Dresner Advisory Services 2022 Technology Innovation Awards, as a top vendor in the following Wisdom of Crowds® thematic market reports: Cloud Computing and Business Intelligence (BI): the technologies, tools, and solutions that employ one or more cloud deployment models; Self-Service BI: builds upon collaborative business intelligence and user governance to create an environment wher

Domo Named a Winner of Five Dresner Advisory Services 2022 Technology Innovation Awards

SILICON SLOPES, Utah--(BUSINESS WIRE)-- #Sleepworking--Domo (Nasdaq: DOMO) today released a new report on worker productivity and strategic engagement, which found that access to company data and modern technology impacts workers' ability to meaningfully contribute to business results.

A New Global Report from Domo Shows More than 60% of Workers are “Sleepworking”

SILICON SLOPES, Utah--(BUSINESS WIRE)--Domo (Nasdaq: DOMO) today announced that results for its fourth quarter and full-year fiscal 2023 (ended January 31, 2023) will be released on Monday, March 6, 2023, after the close of the market. The company will host a conference call at 3:00 p.m. (MT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. Participants can register for the call in advance by visiting https://conferencingportals.com/event/zYvDlnjs.

Domo Announces Timing of its Fourth Quarter and Full-Year Fiscal 2023 Earnings Conference Call

Down more than 65% over the past year, shares of Domo are ripe for a rebound rally. Though revenue growth has remained north of >20% y/y, billings growth has slowed to the single digits, foreshadowing coming deceleration.

Domo: Long Overdue Rebound

SILICON SLOPES, Utah--( BUSINESS WIRE )--Today Domo (Nasdaq: DOMO) announced Domopalooza 2023, taking place virtually on Wednesday, March 29, 2023. Now in its ninth year, Domo's annual customer event will include inspiring main stage speakers, dynamic live roundtable discussions, instructional workshops on innovative approaches to data and technical how-to's on impactful tools, as well as in-depth Domo training sessions.

Domo Announces Domopalooza 2023, its Award-Winning Annual Customer Event

SILICON SLOPES, Utah--( BUSINESS WIRE )--Domo (Nasdaq: DOMO) today announced management will present at the 25th Annual Needham Growth Conference on Thursday, January 12, 2023 at 10:15am ET.

Domo Executives to Participate in the 25th Annual Needham Growth Conference

SILICON SLOPES, Utah--( BUSINESS WIRE )--Today Domo (Nasdaq: DOMO) announced it has topped the list of 16 vendors in the Dresner Advisory Services' 2022 Analytical Platforms Market Study. Dresner Advisory Services' defines Analytical platforms as integrated technology environments that include all needed functionality to support multiple analytical/BI use cases, including data engineering, data catalog, self-service BI, data science and machine learning, embedded BI or analytics and cloud support.

Domo Ranked #1 Vendor in Dresner Advisory Services' 2022 Analytical Platforms Market Study

The average of price targets set by Wall Street analysts indicates a potential upside of 99.2% in Domo (DOMO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts See a 99% Upside in Domo (DOMO): Can the Stock Really Move This High?

SILICON SLOPES, Utah--( BUSINESS WIRE )--Today Domo (Nasdaq: DOMO) announced it has been named a Best Company to Work For by Utah Business magazine for the eleventh consecutive year. After polling thousands of employees across the state of Utah, this Utah Business award recognizes organizations that go above and beyond, ensuring work-life balance, supportive leadership and the overall well-being of their people and teams.

Domo Named a Best Company to Work for by Utah Business Magazine for Eleventh Consecutive Year

Snowflake

Which silo-busting cloud play is a better long-term investment?

Better Cloud Software Stock: Snowflake vs. Domo

SILICON SLOPES, Utah--( BUSINESS WIRE )--Today Domo (Nasdaq: DOMO) and Minnesota-based non-profit organization MATTER, announced that they have partnered to enhance the development and vision of the MATTER Innovation Hub (MIH) initiative. By partnering with Domo, MATTER will be able to gain actionable insights into the impact of the initiative and its success with students.

MATTER Partners with Domo to Support Development of Innovation Hub Program to Help Students in Need

Domo's (DOMO) third-quarter fiscal 2023 revenues improve due to increasing gross retention and strong subscription growth.

DOMO Q3 Earnings Beat Estimates, Subscription Revenues Up Y/Y

Domo, Inc. (NASDAQ:DOMO ) Q3 2023 Earnings Conference Call December 8, 2022 5:00 PM ET Corporate Participants Peter Lowry - Vice President of Investor Relations Julie Kehoe - Chief Communications Officer John Mellor - Chief Executive Officer Bruce Felt - Chief Financial Officer Conference Call Participants Derrick Wood - Cowen Pat Walravens - JMP Securities Eric Martinuzzi - Lake Street Capital Markets Operator Hello everyone and welcome to the Domo Q3 Fiscal Year 2023 Earnings Call. Today's call is being recorded.

Domo, Inc. (DOMO) Q3 2023 Earnings Call Transcript

SILICON SLOPES, Utah--( BUSINESS WIRE )--Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal third quarter ended October 31, 2022.

Domo Announces Third Quarter Fiscal 2023 Financial Results

SILICON SLOPES, Utah--( BUSINESS WIRE )--Today Domo (Nasdaq: DOMO) announced it has joined the Amazon SageMaker Ready Program. This designation helps customers discover partner software solutions that are validated by Amazon Web Services (AWS) Partner Solutions Architects to integrate with Amazon SageMaker.

Domo Joins the Amazon SageMaker Ready Program

SILICON SLOPES, Utah--( BUSINESS WIRE )--Domo (Nasdaq: DOMO), provider of the Domo Business Cloud, today announced management will present at the Credit Suisse 25th Annual Technology Conference. The presentation is scheduled for Tuesday, November 29, 2022 at 9:35am ET.

Domo to Present at the Credit Suisse 26th Annual Technology Conference

Domo, Inc. is facing slowing revenue growth amidst a bevy of other negative financial metrics. The company's product is undifferentiated and does not appear to be holding up vis-à-vis its significant competition in the cloud space.

Domo: Heading Downwards, With No Reason To Go Back Up

SILICON SLOPES, Utah--( BUSINESS WIRE )--Today Domo (Nasdaq: DOMO) announced it was named a leader in Nucleus Research's 2022 Embedded Analytics Technology Value Matrix. The Embedded Analytics Technology Value Matrix assesses vendors on functionality, embedding options, ease-of-use for end consumers of analytics as well as analysts and creators and the breadth of the platform to support the data pipeline from end to end.

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