Domo, Inc. (NASDAQ:DOMO) Q4 2024 Earnings Call Transcript

So, not only, well, I think, the macro conditions changed things pretty dramatically and just with macro recovering alone, I think, we’d get back to the profile that we were at 24 months ago. But in addition to that, we think there’s some really cool tailwinds that we have as well with our ability to uniquely help customers out with AI and then with the change and the transformation and the model and how that affects our customers and their ability to grow with us and adapt with us and also find that return on their investment before they have to go and get a contract approved. So, we’re excited about the position. We haven’t seen it yet in the financial results, but I can say that, everybody here at the company is as excited as we’ve been about our long-term prospects.

We feel like we fit really well in the ecosystem with the changes that we’ve made to our technology, and because you look at — if you look at our unique advantages and distinct unique advantages that we have relative to the makeup of our company, we are one of the few independents and certainly at scale, that independence is helpful. We have a full stack that is composable, it’s modular and we fit really well with the hyperscalers that are out there and they’re all really interested. If you’re going to go to market and you’re a hyperscaler and you need to provide a full solution to your customer, are you going to walk in with five partners to be able to fill out that stack or maybe just with Domo? And the sales rep doesn’t have to manage five different accounts and transactions and contracts to get a deal done.

They can just work with just us. And because we’ve now made our backend so that you can keep all that data driving the hyperscalers consumption, we think that it puts us in a really unique position. And we’re definitely excited to see how that plays out over the next 12 months and we’ll certainly keep the street updated on how that — how that’s going to affect our progress and our ability to do something different than what’s in the numbers today.

Cole Erskine: Helpful guys. Thanks.

Josh James: You bet. Thank you.

Operator: And there are no further questions at this time. And that concludes the question-and-answer session and that also concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.