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ML and BI Are Coming Together, Gartner Says

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. That’s according Read more…

BI Vendors Sliced and Diced on G2’s Grid

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 exper Read more…

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 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…

Domo Releases Data Explorer Feature on its Interactive COVID-19 Global Tracker

May 29, 2020 |

SILICON SLOPES, Utah, May 29, 2020 – Domo announced enhancements and data insights from its Covid-19 Tracker. The Data Explorer feature, which compiles key metrics from AWS Data ExchangeFREDTSA and other sources, allows users to quickly filter to a specific country or state or day, sort the data and export the metrics behind the interactive visualizations.  Read more…

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…