From Nasdaq, Inc.:



Domo (DOMO) is experiencing growing demand for its AI-powered software solutions, leading to an expanding customer base and driving top-line growth. The recent availability of its data experience platform in Microsoft Azure Marketplace is expected to enhance its prospects. Additionally, Domo’s customizable business cloud platform is already available on Amazon Web Services, and its data experience platform is also available through other marketplaces. The company’s strong portfolio is helping it gain market share in the AI domain, and its partnership with Edify.ai is expected to further drive top-line growth. Domo expects revenues between $79 million and $80 million for the fourth quarter of fiscal 2024, with a projected non-GAAP net loss between 5 and 9 cents per share. The Zacks Consensus Estimate for Domo’s revenues is $79.46 million, indicating a slight decline year over year, and the consensus mark for the bottom line is a loss of 3 cents per share, narrower than previous estimates. Currently, Domo carries a Zacks Rank #3 (Hold). Two other top-ranked stocks in the technology sector are Flex (FLEX) and NetEase (NTES), each sporting a Zacks Rank #1 (Strong Buy).



Original: DOMO Boosts Data Experience Platform With Microsoft Deal