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.

Shares of Smartsheet Inc. SMAR, +5.76% dropped 7% in the extended session Thursday despite better-than-expected quarterly results and guidance for the software-as-a-service company. Smartsheet lost $40.1 million, or 31 cents a share, in the fiscal third quarter, compared with a loss of $36.7 million, or 29 cents a share, in the year-ago period.

Smartsheet posts narrower-than-expected quarterly loss, but shares drop

BELLEVUE, Wash.--( BUSINESS WIRE )--Smartsheet Inc. (NYSE: SMAR), the enterprise platform for modern work management, today announced financial results for its third fiscal quarter ended October 31, 2022.

Smartsheet Inc. Announces Third Quarter Fiscal Year 2023 Results

BELLEVUE, Wash.--( BUSINESS WIRE )--Smartsheet (NYSE:SMAR), the enterprise platform for modern work management, today announced the company was named a Leader by independent research firm Forrester in its new report: The Forrester Wave™: Collaborative Work Management Tools, Q4 2022.

Smartsheet Named a Leader in Collaborative Work Management Tools Report by Independent Research Firm

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Smartsheet to Announce Third Quarter of Fiscal Year 2023 Financial Results on December 1, 2022

Meet the Next Smartsheet Sponsor X: The Hidden Genius Project, Bringing Its World-Changing Mission to the Formula 1 Racetrack in Austin, TX

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet, the enterprise platform for dynamic work, today revealed new product innovation and customer achievements during ENGAGE, its annual customer conference. More than ever before, organizations must unlock the potential of their people who are trying to do more with less. Teams need to adapt quickly, work together effectively, and scale confidently. Today, ENGAGE attendees heard from Smartsheet executives and global brands about new ways to use the Smar

Smartsheet ENGAGE Showcases Platform Innovation that Helps Teams Adapt, Scale and Amplify Their Work

BELLEVUE, Wash.--(BUSINESS WIRE)--Second paragraph, second sentence of release should read: “In fact, annual bookings led by partners has grown 59% since launching the program three years ago,” said Steve Stewart, Global Head of Channel at Smartsheet. (instead of “In fact, annual bookings led by partners has grown to 59% since launching the program three years ago,” said Steve Stewart, Global Head of Channel at Smartsheet.). The updated release reads: A NEXT GENERATION OF SMARTSHEET ALIGNED: IN

CORRECTING and REPLACING A Next Generation of Smartsheet Aligned: Introducing Enhanced Channel Program Focused on Rewarding Partners for Deeper Platform Investments

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet, the enterprise platform for dynamic work, today shared how channel partners can unlock more through the Smartsheet Aligned program starting in February 2023. During the 2022 Global Partner Summit, the company unveiled the new program structure, which will recognize and reward over 800 global partners with tailored benefits allowing them to differentiate their value-add and promote the extensive investments they have made in Smartsheet. “Smartsheet p

A Next Generation of Smartsheet Aligned: Introducing Enhanced Channel Program Focused on Rewarding Partners for Deeper Platform Investments

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The session's early gains faded -- but not for these two growth stocks.

2 Software Stocks Bucking the Market's Drop Friday

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet Inc. (NYSE: SMAR), the enterprise platform for dynamic work, today announced that its Chief Financial Officer, Pete Godbole, is scheduled to present at Citi's 2022 Global Technology Conference in New York, New York, on Thursday, September 8, 2022 at 9:45 a.m. Eastern Time. A live webcast of the presentation will be accessible on Smartsheet's investor website https://investors.smartsheet.com. Following the completion of the live event, a replay will b

Smartsheet to Participate at Citi's 2022 Global Technology Conference

Shares of Smartsheet Inc (NYSE: SMAR) are up nearly 15% this morning after the cloud company reported market-beating results for its fiscal second quarter. Smartsheet Q2 financial highlights Lost $62.3 million versus the year-ago $44.

Smartsheet stock is up 15% on Friday: what's fuelling the stock?

Smartsheet shares popped on July-quarter earnings and revenue that topped estimates, though management lowered its 2022 billings growth guidance. The post Here's Why Smartsheet Stock Popped Even Amid A Dimmer Outlook appeared first on Investor's Business Daily.

Here's Why Smartsheet Stock Popped Even Amid A Dimmer Outlook

Today, Smartsheet (NYSE: SMAR ) investors are probably feeling pretty smart. The company just bought out Outfit, a platform for brand management, templating and creative automation.

SMAR Stock Alert: Smartsheet Acquires Digital Asset Management Platform Outfit

Smartsheet Inc. (NYSE:SMAR ) Q2 2023 Earnings Conference Call September 1, 2022 4:30 PM ET Company Participants Aaron Turner - Head of IR Mark Mader - CEO Pete Godbole - CFO Conference Call Participants John Difucci - Guggenheim Partners Robert Dion - Truist Securities Michael Turrin - Wells Fargo Securities Brent Thill - Jefferies George Iwanyc - Oppenheimer Rishi Jaluria - RBC Scott Berg - Needham Jacob Roberge - William Blair Keith Bachman - BMO Pinjalim Bora - JPMorgan Steve Enders - Citi Josh Baer - Morgan Stanley Andrew Degasperi - Berenberg Robert Simmons - DA Davidson Operator Good afternoon. My name is Emma, and I will be your conference operator today.

Smartsheet Inc. (SMAR) Q2 2023 Earnings Call Transcript

Smartsheet (SMAR) delivered earnings and revenue surprises of 50% and 3.49%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?

Smartsheet (SMAR) Reports Q2 Loss, Tops Revenue Estimates

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet has acquired brand management and creative automation platform Outfit, bolstering its digital asset management platform Brandfolder.

Smartsheet Acquires Outfit Bolstering Its Industry-Leading Digital Asset Management Platform Brandfolder

BELLEVUE, Wash.--(BUSINESS WIRE)---- $SMAR #earnings--Smartsheet Inc. (NYSE: SMAR), the enterprise platform for dynamic work, today announced financial results for its second fiscal quarter ended July 31, 2022. “Our strong quarterly results demonstrate the value customers are seeing from our core platform and premium capabilities,” said Mark Mader, President and CEO of Smartsheet. “Smartsheet empowers customers to unlock the potential of their teams and achieve better business results, giving them an edge in today

Smartsheet Inc. Announces Second Quarter Fiscal Year 2023 Results

Earnings Preview: What To Expect From Smartsheet On Thursday

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet, the enterprise platform for dynamic work, today announced the findings of a new commissioned study conducted by Forrester Consulting on behalf of Brandfolder by Smartsheet. The study reveals that a composite organization using Brandfolder as its digital asset management platform achieved $1.13 million in benefits over three years, with payback within six months. The new study, The Total Economic ImpactTM of Brandfolder, found that organizations usin

Brandfolder by Smartsheet Delivered 273% Return on Investment According to 2022 Total Economic Impact Study

BELLEVUE, Wash.--(BUSINESS WIRE)-- #AmplifyYourPowers--Smartsheet, the enterprise platform for dynamic work, will host its annual ENGAGE conference, September 19-22, 2022, at the Seattle Convention Center. Thousands of innovators from across the globe will hear from Smartsheet executives, special guests including McLaren Racing CEO Zak Brown and Head of Commercial Technology Ed Green, and well-known brands like TIME and HP about platform updates, the power of Smartsheet and our vision for helping organizations ampl

Thousands of Innovators to Hear from Smartsheet Executives, McLaren Racing CEO and Global Brands at ENGAGE 2022

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet, the enterprise platform for dynamic work, today announced the appointment of Dennis Durkin to its board of directors. He will also serve on the board's Audit Committee. Durkin, former Chief Financial Officer of Activision Blizzard and Chief Operating and Financial Officer of Microsoft's Interactive Entertainment Business, brings a depth and breadth of experience to Smartsheet, with a focus on growing and scaling global digital businesses and communi

Smartsheet Names Dennis Durkin to Board of Directors

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet Inc. (NYSE: SMAR), the enterprise platform for dynamic work, today announced that it will release its financial results for its second quarter of fiscal year 2023, which ended July 31, 2022, after the close of U.S. financial markets on September 1, 2022. 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

Smartsheet to Announce Second Quarter of Fiscal Year 2023 Financial Results on September 1, 2022

Shares of Smartsheet have fallen 60% this year, despite strong fundamental performance. Revenue growth has continued at a >40% y/y pace. The company has cited that it has not yet seen material impacts from macro conditions on its sales.

Smartsheet: The Best Deal In The Software Sector

Smartsheet posted good results for the FY23Q1 quarter in general. Billings growth was somewhat softer, but this could be just a one-time phenomenon. Future growth prospects remain strong, which encourages management to prefer continued investments over short-term profitability. Still, Smartsheet could reach breakeven FCF this year, showing a clear path towards profitability.

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