Smartsheet

Smartsheet, Inc. engages in the design and development of cloud-based platform for work management. It offers ways for customers to plan and manage their work using grids, projects, cards, and calendars. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei in 2005 and is headquartered in Bellevue, WA.

Earnings data Q4 2021

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Smartsheet reports robust Q1 performance amidst macro challenges

Smartsheet's Q1 2024 earnings call showcased strong financial performance and notable enterprise expansions. However, challenges in the macro environment have impacted sales productivity, leading to a focus on incremental marketing programs and real-time investment decisions. Despite over-performance in Q1, revenue guidance remains unchanged due to a conservative approach given the dynamic macro environment.

Smartsheet reports strong Q2 performance and anticipates $1B ARR

Smartsheet's Q2 earnings call highlighted robust financial performance, a growing customer base, and plans for future expansion. While facing challenges related to customer retention and sales force productivity, the company is well-positioned to capitalize on opportunities in the enterprise segment and the introduction of new modules. Overall, Smartsheet's performance reflects a positive trajectory for future growth.

Smartsheet exceeds Q3 revenue expectations, cautious outlook for FY '25

Smartsheet's Q3 performance exceeded expectations, with strong revenue growth and significant customer expansions. While facing challenges in SMB expansions and cautious outlook for FY '25, the company sees opportunities in AI integration and global expansion. The focus on self-discovery capabilities and partnerships also presents promising growth potential.

Smartsheet exceeds Q4 expectations, focuses on AI integration for growth

Smartsheet's Q4 performance showcased robust revenue growth, profitability, and customer expansion. The company's focus on product innovation, AI integration, and strategic partnerships positions it well for future growth. While macroeconomic challenges persist, Smartsheet's emphasis on enterprise customers and margin expansion presents opportunities for sustained success.

Smartsheet beats Q1 revenue targets, eyes platform growth opportunities

Smartsheet's Q1 performance exceeded expectations across key metrics.
The company's strengths lie in customer expansions, new plan success, and investments.
Challenges include macro conditions and international headwinds.
Opportunities in platform enhancements, market focus, and partner strategies.

Smartsheet exceeds Q2 revenue targets, eyes enterprise growth opportunities

Smartsheet delivered strong Q2 results, surpassing revenue targets and showcasing growth in key metrics.
While facing challenges in net retention and user conversion, the company's focus on enterprise solutions and product enhancements presents opportunities for future growth.
Recognition in the industry, notable customer expansions, and upcoming product modules position Smartsheet well for continued success and innovation.

Smartsheet surpasses Q3 revenue targets, eyes global expansion and AI integration

Smartsheet delivered strong Q3 results, exceeding revenue guidance and showcasing growth in billings and user base. The company's strategic expansions with key clients and focus on AI integration and global expansion position it well for future success.
While facing challenges in SMB expansions and evolving customer dynamics, Smartsheet's strengths in driving enterprise deals, modular feature development, and partnership strategies offer resilience. The company must navigate uncertainties around Gen AI and industry pressures to capitalize on growth opportunities.
Overall, Smartsheet's performance in Q3 reflects resilience and strategic foresight, with a balance of strengths, challenges, and opportunities shaping its path forward. Navigating industry dynamics and leveraging partnerships will be key to sustaining growth and innovation.

Smartsheet hits $1B ARR milestone, eyes growth amid challenges

Smartsheet's Q4 FY 2024 performance reflects strong financial results, notable customer expansions, and guidance for continued growth in FY '25, underpinned by key strengths in innovation and customer loyalty.
While facing challenges such as pressure on SMBs and margin improvement, the company has opportunities to leverage AI capabilities, address SMB weaknesses, and expand internationally for sustained growth.
Overall, Smartsheet's strategic focus on innovation, customer engagement, and market expansion positions it well for future success, despite navigating challenges and uncertainties in the business landscape.
Investors should monitor Smartsheet's execution of growth strategies, particularly in addressing SMB challenges, leveraging AI capabilities, and capitalizing on international opportunities to drive long-term value.

Smartsheet posts robust Q1 results, eyes sustained growth and innovation

Smartsheet's Q1 FY 2025 earnings call highlighted strong financial performance, customer expansions, and strategic initiatives like the collaboration with KPMG and new pricing model.
The company's focus on AI adoption, product development, and margin improvement underscores a commitment to innovation, customer value, and sustainable growth.
While facing challenges in user conversion, growth consistency, and operational balance, Smartsheet's opportunities lie in sustained revenue growth, market differentiation, and international expansion.

Smartsheet reports robust Q2 earnings, AI adoption drives growth

Smartsheet's Q2 performance reflects strong customer expansion and revenue growth, driven by key deals and AI tool adoption.
While facing challenges in pricing models and market competition, the company's strategic focus on platform modernization and user experience bodes well for future success.
Opportunities lie in AI tool adoption, expansion deals, and raised guidance, positioning Smartsheet for continued growth and profitability.

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Smartsheet, Inc. engages in the design and development of a cloud-based platform for work management. It offers ways for customers to plan and manage work using tables, plans, projects, cards, Gantt charts, and calendars, as well as allowing users to toggle between views. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei in 2005 and is headquartered in Bellevue, WA.

Smartsheet (SMAR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Smartsheet (SMAR) Stock

Smartsheet stock is up 22% so far in 2023 — way more than the S&P 500's 3%. If it can grow faster than 27%, its stock price will keep rising.

Dartmouth Geography Major Maps Smartsheet's 35% Growth

Growth stock software-as-a-service provider Smartsheet rose in heavy volume after earnings surprise. The post Growth Stock Nears Breakout As Sales Surge; Rides Google, Microsoft Tailwinds appeared first on Investor's Business Daily.

Growth Stock Nears Breakout As Sales Surge; Rides Google, Microsoft Tailwinds

Smartsheet is a work management software provider, which can be used for project management and team collaboration across multiple industries. The company reported strong financial results for the fourth quarter of FY23, as it beat both revenue and earnings growth estimates.

Smartsheet: Super Financials With Outstanding Enterprise Execution

Smartsheet is enjoying economies of scale as it grows its customer base. The company is beginning to generate impressive levels of free cash flow.

Why Smartsheet Stock Surged Today

The software company's fourth-quarter earnings showed a reversal of fortunes and smashed expectations.

Smartsheet Stock Surges on 'Surprise' Profitability

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Smartsheet Inc. (NYSE:SMAR ) Q4 2023 Earnings Conference Call March 13, 2023 4:30 PM ET Company Participants Aaron Turner - Head, IR Mark Mader - CEO Pete Godbole - CFO Conference Call Participants John DiFucci - Guggenheim Securities Brent Thill - Jefferies Sophie Lee - Morgan Stanley Alex Zukin - Wolfe Research Terry Tillman - Truist Securities Michael Turrin - Wells Fargo Securities Pinjalim Bora - JPMorgan Rishi Jaluria - RBC Capital Markets Jackson Ader - MoffettNathanson DJ Hynes - Canaccord Scott Berg - Needham Robert Simmons - D.A. Davidson Jacob Roberge - William Blair George Kurosawa - Citi Operator Ladies and gentlemen, thank you for standing by.

Smartsheet Inc. (SMAR) Q4 2023 Earnings Call Transcript

Smartsheet Inc. shares surged in the extended session Tuesday after the cloud-based work-management platform reported surprise net income and forecast a “conservative” outlook that was just shy of Wall Street estimates.

Smartsheet stock rallies 10% following surprise earnings, new board chair

BELLEVUE, Wash.--(BUSINESS WIRE)---- $SMAR #earnings--Smartsheet Inc.

Smartsheet Inc. Announces Fourth Quarter and Full Fiscal Year 2023 Results

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet (NYSE: SMAR), the enterprise platform for modern work management, announced that the Executive Committee of its Board of Directors has appointed Smartsheet director Mike Gregoire as board chair. Effective March 9, 2023, Gregoire succeeds Geoffrey Barker, who has served as board chair since 2017 and will remain a member of the board. “I feel privileged to take on this expanded leadership role on Smartsheet's board.

Smartsheet Announces New Board Leadership

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The fourth quarter 2022 earnings season is almost over, with 99% of S&P 500 companies reporting actual results (as of last week).

10 Biggest Companies Reporting Earnings in the Third Week of March 2023

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet (NYSE:SMAR), the enterprise platform for modern work management, has been recognized as a leader in G2's 2023 Best Software Awards, ranking in the top five for Best Products for Enterprise (#5). Smartsheet is the only collaborative work management offering to rank in the top 50 of the enterprise category, establishing the company as the category leader.

Smartsheet Awarded Top Five Ranking in G2's 2023 Best Software Products for Enterprise, the Highest for Collaborative Work Management Offerings

BELLEVUE, Wash.--( BUSINESS WIRE )--Smartsheet Inc. (NYSE: SMAR), the enterprise platform for modern work management, today announced that it will release its financial results for its fourth quarter and full fiscal year 2023, which ended January 31, 2023, after the close of U.S. financial markets on March 14, 2023. Smartsheet executives will host a conference call and webcast that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. The dial-in number to access the call will be (888) 440-6385 or (646) 960-0180 (outside of the U.S.). The conference ID is 7672979. The webcast will be open to listeners through the events section of the Smartsheet investor relations website: https://investors.smartsheet.com.

Smartsheet to Announce Fourth Quarter and Full Fiscal Year 2023 Financial Results on March 14, 2023

BELLEVUE, Wash.--( BUSINESS WIRE )--Smartsheet (NYSE:SMAR), the enterprise platform for modern work management, today released its first annual Future of Work Management Report which surveyed thousands of global employees about project and process management at their workplaces. The results show that 96% of respondents manage projects regardless of their role or formal project management training indicating a global resource recession where traditional roles are no longer what drive work. The survey revealed an opportunity for leaders to move from a resource recession to a resource revolution by focusing on their people and implementing the right technology.

Smartsheet's Inaugural Future of Work Management Report Uncovers Resource Recession Across Global Organizations, Need for Support and Technology to Initiate Resource Revolution

SYDNEY--( BUSINESS WIRE )--Smartsheet (NYSE:SMAR), the enterprise platform for modern work management, today released its first annual Future of Work Management Report. The company surveyed thousands of Australian employees about project and process management at their workplaces. The report found that over four in five Australians (83%) say projects at their company are sometimes, often or always managed by people who do not have a formal project management title or role, which has created “citizen project managers'' who are stepping up to fill the gap.

Australia's “Citizen Project Managers:” Smartsheet's Inaugural Report Uncovers New Truths About Project Management

Smartsheet is a SaaS pioneer and leader in the team and task management industry. The company serves over 90% of the Fortune 500 and has 11.7 million individual Smartsheet users.

Smartsheet: Super SaaS Growth With Solid Retention

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BELLEVUE, Wash.--( BUSINESS WIRE )--Smartsheet Inc. (NYSE: SMAR), the enterprise platform for modern work management, today announced that its President and CEO, Mark Mader, is scheduled to present at the 25th Annual Needham Growth Conference in New York, NY, on Tuesday, January 10, 2023 at 2:15 p.m. Eastern Time.

Smartsheet to Participate in the 25th Annual Needham Growth Conference

BOSTON--( BUSINESS WIRE )--Smartsheet (NYSE:SMAR), the enterprise platform for modern work management, has been named one of the Top Places to Work in Massachusetts in the 15th annual employee-based survey project from The Boston Globe.

Smartsheet Named a Top Place to Work for 2022 by The Boston Globe

Smartsheet's (SMAR) third-quarter fiscal 2023 results reflect continued momentum in subscription and services revenues.

Smartsheet (SMAR) Q3 Loss Narrower Than Expected, Revenues Rise

The consensus price target hints at a 39.3% upside potential for Smartsheet (SMAR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Smartsheet (SMAR) Have the Potential to Rally 39% as Wall Street Analysts Expect?

Shares of the collaboration software specialist jumped on a strong earnings report.

Why Smartsheet Stock Just Surged

Smartsheet, Inc. (NYSE:SMAR ) Q3 2023 Earnings Conference Call December 1, 2022 4:30 PM ET Company Participants Mark Mader - President, CEO & Director Aaron Turner - Senior Director, IR Pete Godbole - CFO & Treasurer Conference Call Participants John DiFucci - Guggenheim Securities David Hynes - Canaccord Genuity Brent Thill - Jefferies Pinjalim Bora - JPMorgan Chase & Co. Scott Berg - Needham & Company Jacob Roberge - William Blair & Company Fred Lee - Credit Suisse Joshua Baer - Morgan Stanley George Iwanyc - Oppenheimer Operator Ladies and Gentlemen, thank you for standing by. My name is Brent, and I will be your conference operator today.

Smartsheet, Inc. (SMAR) Q3 2023 Earnings Call Transcript

Smartsheet (SMAR) delivered earnings and revenue surprises of 92.86% and 3.06%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Smartsheet Stock (SMAR)