Progress Software NASDAQ: PRGS said it has entered into an agreement to acquire Domo's AI and data platform business in a transaction valued at a headline purchase price of $400 million, executives said on a conference call discussing the deal.
In 2022, the founder of software company Domo stepped down as CEO after he was accused of sexually assaulting an employee on a work trip, an allegation he denied. A year later, he came back to lead the company.
Domo exemplifies the 'SaaSpocalypse,' with its business shrinking and little hope for recovery. Q1 results were dismal, extending DOMO's year-to-date losses to over 60%, with no visible growth catalysts. Management has openly acknowledged the lack of organic turnaround options and is pursuing strategic alternatives, likely a sale.
Domo, Inc. (DOMO) Q1 2027 Earnings Call Prepared Remarks Transcript
Domo NASDAQ: DOMO said it is in advanced negotiations regarding a potential strategic transaction after a board-led review of alternatives, as executives highlighted improving retention metrics, near break-even adjusted free cash flow and continued customer adoption of AI-powered data applications during the company's first-quarter fiscal 2027 earnings call.
After two years of tightening corporate purse strings and brutal budget cuts across the technology landscape, the enterprise software sector has been starved for good news. It may have just found a surprising source of optimism in Domo, Inc. NASDAQ: DOMO.
Domo, Inc. is rated a Buy as recent results show a business turnaround, with billings up 8% YoY and improved customer retention. DOMO's shift to consumption-based pricing, higher AI-driven platform usage, and multiyear contracts are driving stronger net retention and margin expansion. Despite subdued near-term revenue due to accounting lag, profitability and cash flow have reached record levels, with gross margin at 78.2% and near break-even free cash flow.
Domo, Inc. (DOMO) Q4 2026 Earnings Call Transcript
Domo (DOMO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Domo (DOMO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Domo (DOMO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Domo, Inc. (DOMO) Q3 2026 Earnings Call Transcript