Welcome!

CRM Authors: Xenia von Wedel, Ian Khan, PR.com Newswire, Steve Mordue

News Feed Item

Domo Repeats Another Outstanding Sales Performance Exceeding 40% Sequential Quarterly Growth

Domo Also Celebrates More Than 600 Enterprise Customers

SILICON SLOPES, UT--(Marketwired - August 21, 2014) - Today, Domo, a SaaS venture redefining the business intelligence market and transforming the way business is managed, reported another stunning sales performance. Domo achieved more than 40 percent sequential quarterly growth, and is experiencing annual growth that far exceeds 100 percent.

Domo has been actively selling since August 2012 and is continuing to shatter industry sales cycle norms, signing more than 600 paying enterprise customers in less than two years. Domo also broke its record for expanding its presence within existing accounts. A flagship example includes a Fortune 100 company that increased Domo's footprint 10X across the business this quarter.

Domo serves CEOs and other business managers who have vast amounts of business data but no easy way to access or get value from it.

"As we enter into our second year of selling, the most critical factor by which we judge ourselves is our ability to deliver meaningful value to customers," said Josh James, Domo founder and CEO who also was co-founder and CEO of web analytics powerhouse Omniture. "This quarter, the steady wave of expansions within existing customer organizations is tremendous validation that we are on the right path."

Domo's growing roster of top-flight customer brands is unprecedented for an enterprise technology company at its stage. Domo continues to sign an enviable list of the world's most recognized brands across a wide range of industries -- including travel and entertainment, media and publishing, financial services, healthcare, technology and retail.

On top of another striking sales performance and expansion within existing customer accounts, a swell of enthusiasm from Domo customers was another hallmark of the most recent quarter.

"The most rewarding feedback has been from customers who have told us that Domo is changing how they view themselves and how they work together," added James. "We want to deliver an experience so great that our customers become raving lunatics for our product. We are seeing encouraging signs. We have several customers, for example, who love the product so much that they are asking to demo Domo at their own conferences. In addition, others have been proactively referring us to their colleagues at other companies. Lastly, we've had a few who are asking to sell Domo because of their belief in the product. The excitement that's brewing is incredibly motivating and it will ensure we keep focused on delivering an exceptional experience for our entire customer base."

James concluded, "With Omniture, we were the fastest or second fastest growing public software company for the three years we were public and grew the business 100 percent seven years in a row. While we are proud of that record, this time we aim to beat it!"

About Domo
Domo is a cloud-based executive management platform that gives users direct, real-time access to all the business information they care about, in one place.

The company was conceived as Josh James, Omniture CEO, saw how access to real-time data could help online marketers make better and more profitable decisions. He was frustrated that he couldn't have that same access to data about his own business. The data he wanted was trapped in multiple systems, databases, spreadsheets and presentations.

James knew where the data lived, but in order to get to it, he had to ask someone else for it. Once he got the data, it was either out-of-date or in so many formats that it was impossible to make sense of it all. The more he spoke with other CEOs and business managers, the more he realized this problem was universal.

With $250 million in funding, Domo is backed by an all-star list of angels and investors including Benchmark, Fidelity Investments, Founders Fund, GGV Capital, Greylock Partners, IVP, salesforce.com, TPG Growth, T. Rowe Price, WPP and Zetta Venture Partners, plus CEOs of the world's largest SaaS and Internet businesses.

Domo's founding team consists of some of the most sought after talent in the industry with experience that includes Amazon, American Express, Ancestry.com, eBay, Endeca, Facebook, Google, LinkedIn, MLB.com, Omniture, salesforce.com and SAP.

For more information, visit www.domo.com. You can also follow Domo on TwitterFacebookLinkedIn and Google+.

Media Contact
Julie Kehoe
VP of Communications
www.domo.com
Julie.Kehoe@domo.com
914-374-8622

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and Bi...
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.
Tapping into blockchain revolution early enough translates into a substantial business competitiveness advantage. Codete comprehensively develops custom, blockchain-based business solutions, founded on the most advanced cryptographic innovations, and striking a balance point between complexity of the technologies used in quickly-changing stack building, business impact, and cost-effectiveness. Codete researches and provides business consultancy in the field of single most thrilling innovative te...
CloudEXPO has been the M&A capital for Cloud companies for more than a decade with memorable acquisition news stories which came out of CloudEXPO expo floor. DevOpsSUMMIT New York faculty member Greg Bledsoe shared his views on IBM's Red Hat acquisition live from NASDAQ floor. Acquisition news was announced during CloudEXPO New York which took place November 12-13, 2019 in New York City.
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
Atmosera delivers modern cloud services that maximize the advantages of cloud-based infrastructures. Offering private, hybrid, and public cloud solutions, Atmosera works closely with customers to engineer, deploy, and operate cloud architectures with advanced services that deliver strategic business outcomes. Atmosera's expertise simplifies the process of cloud transformation and our 20+ years of experience managing complex IT environments provides our customers with the confidence and trust tha...
Intel is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world's second largest and second highest valued semiconductor chip maker based on revenue after being overtaken by Samsung, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactu...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...