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ML and BI Are Coming Together, Gartner Says

Feb 13, 2020 |

The convergence of machine learning and business intelligence is upon us, as BI tool makers increasingly are exposing ML capabilities to users, and users are performing ML activities in their BI tools. Read more…

Inside Our Data Obsession: A Graphic Depiction

Jul 25, 2017 |

Humans are obsessed with data. There’s just no two ways about it. We can’t help but to count, sort, name, and categorize everything we find. And thanks to digital technology, we’ve taken our data fixation to lofty new heights. Read more…

Tumultuous Times for BI and Analytic Tool Vendors

Feb 10, 2016 |

My, what a week it was for business intelligence (BI) and analytic tools. First, industry darling Tableau Software (NYSE: DATA) lost half its market capitalization following earnings that disappointed Wall Street, which quickly punished competitors Qlik (NASDAQ: Read more…

News In Brief

Tech Conferences Are Being Canceled Due to Coronavirus

Mar 2, 2020 |

Several conferences scheduled to take place in the coming weeks, including Nvidia’s GPU Technology Conference (GTC) and the Strata Data + AI conference, have been canceled due to fears of the COVID-19 coronavirus. Read more…

BI Vendors Sliced and Diced on G2’s Grid

Jun 14, 2018 |

If you’re on the hunt for better business intelligence software – and really, who isn’t these days? – you likely are reading some analyst reports on the topic. But all too often, those reports don’t reflect the experiences of real-world users. Read more…

Cloud-Based Analytics Shift Gains Momentum

Mar 23, 2017 |

In the abbreviated version of the precipitation cycle many of us memorized in high school science class, moisture evaporates to forms clouds. Much the same appears to be happening with big data as an up-and-coming business intelligence vendor claims to have uploaded more than 25 petabytes of data to its analytics platform in the cloud. Read more…

The Rise and Fall of Qlik

Jun 2, 2016 |

Business intelligence software maker Qlik Technologies (NASDAQ: QLIK) today announced that it has agreed to be acquired by the private equity firm Thoma Bravo for $30.50 per share, or about $3 billion. Read more…

This Just In

Domo Enhances its COVID-19 Global Tracker with Google and Apple Mobility Trends

Aug 4, 2020 |

SILICON SLOPES, Utah, Aug. 4, 2020 —Domo announced it has updated its free, interactive Coronavirus (COVID-19) Global Tracker with community mobility data provided by Google and Apple. Read more…

Domo Becomes Founding Member of New ParityPledge to Increase Ethnic Diversity

Jul 27, 2020 |

SILICON SLOPES, Utah, July 27, 2020 – Domo announced that it is a founding member of the ParityPledge in Support of People of Color, a new pledge that companies can make through Parity.org to accelerate their goals of increasing diversity to strengthen their organizations. Read more…

Domo Updates its COVID-19 Global Tracker with National Paycheck Protection Program Data from the SBA

Jul 9, 2020 |

SILICON SLOPES, Utah, July 9, 2020 —Domo announced it has updated its free, interactive Coronavirus (COVID-19) Global Tracker with National Paycheck Protection Program (PPP) data from the Small Business Association (SBA).  Read more…

Domo Expands Snowflake Partnership to Help Customers Build Their Business in the Cloud

Jun 17, 2020 |

SILICON SLOPES, Utah  June 17, 2020 — Domo announced an expanded partnership with Snowflake, the cloud data platform, to help customers build their business in the cloud. Read more…

Domo Announces First Quarter Fiscal 2021 Financial Results

Jun 8, 2020 |

SILICON SLOPES, Utah, June 8, 2020 – Domo, Inc. announced results for the fiscal 2021 first quarter ended April 30, 2020.

Fiscal First Quarter Results

  • Total revenue was $48.6 million, an increase of 19% year over year
  • Subscription revenue was $42.4 million, an increase of 23% year over year
  • Subscription revenue represented 87% of total revenue
  • Billings were $46.5 million or 13% year-over-year growth
  • Net cash used in operating activities was $12.9 million, an improvement of 52% year over year
  • Adjusted net cash used in operating activities was $9.3 million, an improvement of 58% year over year
  • Subscription gross margin was 79%, an improvement of 2 percentage points from Q1 FY20
  • GAAP operating margin improved by 36 percentage points year over year
  • Non-GAAP operating margin improved by 34 percentage points year over year
  • GAAP net loss was $24.9 million, and GAAP net loss per share was $0.88, based on 28.5 million weighted-average shares outstanding
  • Non-GAAP net loss was $18.4 million, and non-GAAP net loss per share was $0.65, based on 28.5 million weighted-average shares outstanding
  • Cash, cash equivalents and short-term investments were $88.1 million as of April 30, 2020

“Our company was built to deliver exactly what is needed today — real-time information packaged for easy consumption, for widespread distribution on any device, at massive scale, and available in record time,” said Josh James, founder and CEO, Domo. Read more…

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