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Domo Inc. Continues to Thrive: First Quarter Revenue on the Rise

Overcoming Challenges: Domo Inc. Reports Strong Financial Performance in Q1 2025


Published / Modified Jun 07 2024
Goran Soko / CSIMarket.com


Domo, Inc.
recently announced its fiscal first-quarter results for the period ending April 30, 2024.
The Silicon Slopes-based company reported total revenue of $80.1 million, showing a 1% increase compared to the previous year.
Subscription revenue also saw a 1% increase, reaching $72.1 million.
However, billings decreased by 7% to $65.5 million.

Despite the decrease in billings, Domo, Inc.
generated net cash of $1.9 million from its operating activities.
However, GAAP operating margin decreased by 2 percentage points year over year.

Domo, Inc.
has been recognized as a leader in the business intelligence and analytics technology sector, as reflected in its inclusion in the Nucleus Research 2024 Business Intelligence and Analytics Technology Value Matrix for the fourth consecutive year.
The company's ability to merge business intelligence, interactive dashboards, and near real-time visualizations has been commended, enabling organizations to transform data into actionable insights.
Additionally, Domo's consumption-based pricing model allows businesses of various sizes to access top-tier BI tools, paying only for what they use.

Moving forward, Domo, Inc.
faced losses in the fiscal first quarter of 2025, with earnings per share at $-0.69 compared to $-0.69 the previous year.
However, there was an improvement from the prior quarter's earnings per share of $-1.58.
Revenue for this quarter decreased by 0.087%, totaling $79.39 million.
Sequentially, there was a 12.28% increase from $70.71 million.
The company also recorded a net loss of $-26.007 million in the fiscal first quarter of 2025, compared to $-24.403 million in the same period a year ago.

Domo, Inc.'s stock performance has not been favorable, with shares declining by 53% from a year ago.
The company's shares have reached their 52-week low.

Despite these challenges, Domo, Inc.
remains committed to its pursuit of innovation and client success.
Its recognition as a leader in the BI and analytics space and its ability to provide scalable solutions through a consumption-based pricing model positions the company at the forefront of the industry.
As the market and stock performance continue to evolve, it will be interesting to see how Domo, Inc.
adapts and continues to showcase its prowess in the business intelligence and analytics sector.



Domo Inc's Revenue Growth

Domo Inc's Dividend Comparisons



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Loss In spite of revenue elevation at the Domo Inc in the first quarter of 2024 earnings season

Robust 30.29% Top-line rise at DOMO all along the financial fourth quarter of 2023

Exceptional 21.427%, gain in Revenues by amid the third quarter of 2023 earnings season

Deficit higher than a year ago at the in the most recent fiscal period

Despite the boost in revenue Profitability not Reached by the DOMO amid the fiscal interval closing Apr 30 2022



Other DOMO's news

Domos Data and Analytics Platform Transforms Patient Care and Drives Financial Growth for Cenegenics

Harmons Grocery Leverages Domo for Real-Time Insights Amidst Financial Flux

Domos Real-Time Insights Empower Harmons Grocery, Fluxx, and phData for Unprecedented Success

Domo?s Partnership with Fluxx Empowers Data-Driven Grantmaking

Fluxx Partners with Domo to Advance Grants Management with Data-Driven Insights

Domo Partners with phData to Streamline Data Management and Drive Actionable Intelligence

Domo Partners with phData to Enhance Data Management and Drive Actionable Intelligence

and article capture the essence of Domos recent achievements and advancements in the BI and analytics industry. The ...

Domo Integration Suite Unifies Data and Drives Growth for Organizations

Domo?s Integration Suite Launch Amidst Revenue Contractions: A Glimmer of Hope

Domo Inc. Continues to Thrive: First Quarter Revenue on the Rise

Domo Inc Surges in Revenue, but Fails to Break-even: What Went Wrong?

The Software & Programming company announced a -0.161 %, decrease in their top-line, all along the fiscal third quarter of 2024

Domo Inc Reports Modest Top-Line Growth in Q2 2024, Signaling Steady Progress

Loss In spite of revenue elevation at the Domo Inc in the first quarter of 2024 earnings season

Robust 30.29% Top-line rise at DOMO all along the financial fourth quarter of 2023

Exceptional 21.427%, gain in Revenues by amid the third quarter of 2023 earnings season

Deficit higher than a year ago at the in the most recent fiscal period

Despite the boost in revenue Profitability not Reached by the DOMO amid the fiscal interval closing Apr 30 2022



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