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Inside Our Data Obsession: A Graphic Depiction

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 he Read more…

Cloud-Based Analytics Shift Gains Momentum

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 busine Read more…

The Rise and Fall of Qlik

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. As one of the larg Read more…

Tumultuous Times for BI and Analytic Tool Vendors

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 Read more…

This Just In

Domo Partners with Unilever’s ‘United for America’ Initiative

May 14, 2020 |

SILICON SLOPES, Utah. May 14, 2020 – Domo announced its participation in the Unilever “United for America” project as a technology partner. The initiative, which launched in March and includes a  “National Day of Service” on May 21, will contribute more than $20 million worth of products, services and financial support for Americans in need. Read more…

Domo Updates Its COVID-19 Global Tracker With Economic Insights

May 12, 2020 |

SILICON SLOPES, Utah, May 12, 2020 – Domo announced it has updated its free, interactive Coronavirus (COVID-19) Global Tracker with data from AWS Data ExchangeFRED and Thumbtack to deliver new insights into how different parts of the economy are responding during the current status of the pandemic. Read more…

RXA Acquires Utah-Based Business Intelligence Services Firm, Yapa Group

Apr 24, 2020 |

ANN ARBOR, Mich., April 24, 2020 — RXA announced it has completed its purchase of Yapa Group. As a big data and analytics consulting firm, Yapa Group brings experienced team members and new clients to RXA. Read more…

Domopalooza Live and On-Demand Replay Now Available for Free

Mar 25, 2020 |

SILICON SLOPES, Utah, March 25, 2020 —  Domo announced that Domopalooza LIVE and On-Demand is now available as a free replay. Domopalooza LIVE and On-Demand was the company’s first 100% virtual event, created as a way to stay close to customers following the cancellation of its annual March gathering of more than 3,000 people in Salt Lake City due to COVID-19 concerns. Read more…

Domo Announces Support for Amazon SageMaker Autopilot

Mar 20, 2020 |

SILICON SLOPES, Utah, March 20, 2020 — Domo announced new capabilities in the Domo Business Cloud, including automatic machine learning (AutoML), recommended actions, and drag-and-drop predictive model deployment through support for Amazon SageMaker Autopilot. Read more…

Domo Announces New Augmented Capabilities in the Business Cloud

Mar 19, 2020 |

SILICON SLOPES, Utah, March 19, 2020 — Domo announced it is making it even easier to get BI leverage at cloud scale in record time through new augmented capabilities in the Domo Business Cloud. Read more…

Domo Announces Fourth Quarter and Fiscal 2020 Financial Results

Mar 10, 2020 |

SILICON SLOPES, Utah, March 10, 2020 – Domo, Inc. announced results for the fiscal 2020 fourth quarter and year ended January 31, 2020.

Fiscal Fourth Quarter Results

  • Total revenue was $46.2 million, an increase of 17% year over year
  • Subscription revenue was $39.7 million, an increase of 24% year over year
  • Subscription revenue represented 86% of total revenue
  • Billings were $65.0 million or 13% year-over-year growth
  • Net cash and adjusted net cash used in operating activities was $15.3 million, an improvement of 45% year over year
  • Subscription gross margin was 76%, an improvement of 2 percentage points from Q4 FY19
  • GAAP operating margin improved by 12 percentage points year over year
  • Non-GAAP operating margin improved by 12 percentage points year over year
  • GAAP net loss was $29.9 million, and GAAP net loss per share was $1.06, based on 28.0 million weighted-average shares outstanding
  • Non-GAAP net loss was $23.7 million, and non-GAAP net loss per share was $0.85, based on 28.0 million weighted-average shares outstanding
  • Cash, cash equivalents and short-term investments were $98.8 million as of January 31, 2020

Full Year Fiscal 2020 Results

  • Total revenue was $173.4 million, an increase of 22% year over year
  • Subscription revenue was $146.8 million, an increase of 25% year over year
  • Subscription revenue represented 85% of total revenue
  • Billings were $189.2 million or 14% year-over-year growth
  • Net cash used in operating activities was $80.2 million, an improvement of 39% year over year
  • Adjusted net cash used in operating activities was $72.4 million, an improvement of 45% year over year
  • Subscription gross margin was 76%, an improvement of 4 percentage points from FY19
  • GAAP operating margin improved by 35 percentage points year over year
  • Non-GAAP operating margin improved by 35 percentage points year over year
  • GAAP operating expenses decreased by 2% year over year
  • Non-GAAP operating expenses decreased by 4% year over year
  • GAAP net loss was $125.7 million, and GAAP net loss per share was $4.57, based on 27.5 million weighted-average shares outstanding
  • Non-GAAP net loss was $103.0 million, and non-GAAP net loss per share was $3.74, based on 27.5 million weighted-average shares outstanding

Recent Highlights

We believe the following points and accolades from the last quarter are additional indicators of what’s to come in our business through our commitment to product innovation, go-to-market initiatives and customer success: Read more…

Domo Launches Appstore Including Third-Party Data Catalog from AWS Data Exchange

Feb 12, 2020 |

SILICON SLOPES, Utah, Feb. 12, 2020 — Today, Domo launched the next generation of the Domo Appstore including a new collaboration with Amazon Web Services (AWS) designed to help customers modernize any business process and get BI leverage at cloud scale in record time. Read more…

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