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Stock impact report

Smartsheet Stock Spikes 15%. The Company Sees Strong Growth Ahead. [MarketWatch]

Smartsheet Inc. Class A (SMAR) 
Last smartsheet inc. class a earnings: 3/17 04:21 pm Check Earnings Report
Company Research Source: MarketWatch
The work management software company projected more strong growth ahead. For the quarter ended Oct. 31, Smartsheet (ticker: SMAR) reported revenue of $144.6 million, up 46% from a year earlier, exceeding both the company's guidance range of $138 million to $139 million and consensus of $140 million. Revenue accelerated from 44% growth in the July quarter. Billings in the quarter were $161.6 million, up 44%, and ahead of the company's forecast range of $149 million to $150 million. On a non-GAAP basis, the company lost 3 cents a share in the quarter, outperforming the guidance range of a loss of 10 to 12 cents a share. Under generally accepted accounting principles, Smartsheet lost $36.7 million, or 26 cents a share. Customers with annual contract values above $5,000 were up 27%, while customers with contact values above $50,000 grew 56%. Customers paying $100,000 a year or more expanded 72%. “This was a record quarter for Smartsheet on multiple financial and operational levels Show less Read more
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