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MUMBAI - Data analytics company Domo (NASDAQ:DOMO), currently valued at $611 million in market capitalization and showing remarkable momentum with a 99% surge over the past six months, announced Wednesday it has launched operations on the AWS Asia-Pacific Region, a move aimed at serving India-based organizations and global companies with operations in the country. According to InvestingPro analysis, the company appears slightly undervalued, despite facing operational challenges.
The expansion will enhance performance, reduce latency and help customers comply with data sovereignty regulations, according to a company press release. The new AWS infrastructure consists of multiple Availability Zones that provide redundancy while maintaining low latency. With a current ratio of 0.48, this expansion comes at a crucial time as Domo seeks to strengthen its operational capabilities. For deeper insights into Domo’s financial health and growth prospects, InvestingPro offers comprehensive analysis with 8 additional key ProTips.
"Our latest data center expansion ensures customers doing business in India and across APAC can continue to move at record speed, knowing their data is being managed with the unique security, privacy, and compliance requirements of the region," said Daren Thayne, chief technology officer at Domo. The company maintains a strong gross profit margin of 75%, despite operating in a competitive market environment.
The AWS Asia-Pacific Region will enable Domo to run workloads and store data in India while serving end users with lower latency. Each Availability Zone has independent power, cooling, and physical security connected through redundant networks.
Naveen Kumar, Founder and CEO at GWC, noted that the new data center in Mumbai will allow clients to maintain security and compliance requirements while using Domo’s platform.
Domo’s AI and Data Products platform allows organizations to transform raw information into actionable intelligence. The company states this expansion represents a significant milestone in its global infrastructure strategy and demonstrates its investment in the Indian market.
In other recent news, Domo reported its first-ever positive non-GAAP earnings per share during its second-quarter fiscal 2026 results, which exceeded analyst expectations. The company achieved a non-GAAP EPS of $0.02, surpassing the consensus estimate of a $0.05 loss per share. This milestone comes as Domo advances collaborations with major technology partners like Amazon Web Services, Google BigQuery, and Snowflake. Following the earnings release, JMP Securities maintained a Market Outperform rating with a $20.00 price target. Similarly, Cantor Fitzgerald raised its price target to $20.00, citing productive partnerships. In contrast, DA Davidson assumed coverage with a Neutral rating and set a price target of $15.00. These developments highlight a mixed but optimistic sentiment among analysts regarding Domo’s future prospects.
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