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We actually cannot deny that the economic system is belt-tightening and plenty of corporations are going to really feel the pinch of macro headwinds all through the vast majority of this 12 months. On the similar time, nonetheless, final 12 months’s pessimism could have taken valuations down too far – particularly amid small and mid-cap progress shares.

Domo Q3 outcomes (Domo Q3 earnings launch)

Domo billings (Domo Q3 earnings launch)

Based mostly on the modifications we introduced final quarter, we have seen good manufacturing from our company gross sales crew the place we’re placing incremental focus. Moreover, we’re seeing progress from our enterprise crew and new emblem and upsell alternatives and proceed to supply transformational experiences for a few of the largest corporations on the earth […]

By way of the macro atmosphere, we’re seeing offers extra scrutinized and slowed, leading to and are seeing some early indicators of pipeline growing older with accounts of all sizes. We aren’t but clear on how lengthy this pattern will proceed, however we’re conserving a detailed eye on it. Regardless, we do not see this as a mirrored image of Domo’s worth proposition as our win charges stay persistently sturdy, and we proceed to see sturdy high of funnel demand.

With at the moment’s market circumstances, whether or not or not it’s the macro economic system, provide chain points or shifting enterprise priorities, corporations are confronted with learn how to optimize their present processes, and learn how to do extra with much less, significantly with how they drive motion with real-time information of their organizations. Firms are on the lookout for expertise options that present a compelling enterprise influence and accomplish that in document time.”

Domo margins (Domo Q3 earnings release)



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The Obsessed Guy
Hi, I'm The Obsessed Guy and I am passionate about artificial intelligence. I have spent years studying and working in the field, and I am fascinated by the potential of machine learning, deep learning, and natural language processing. I love exploring how these technologies are being used to solve real-world problems and am always eager to learn more. In my spare time, you can find me tinkering with neural networks and reading about the latest AI research.

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