SMAR - Why Enterprise Work Management Company Smartsheet Shares Are Down Premarket Today | Benzinga
Smartsheet Inc (NYSE:SMAR) shares are trading lower after it reported fourth-quarter FY24 results.
Revenue rose 21% Y/Y to $256.9 million, beating the consensus of $255.4 million.
Subscription revenue increased 23% Y/Y to $244.0 million, while Professional services revenue fell 4% Y/Y to $12.9 million.
Annualized recurring revenue grew 21% Y/Y to $1.031 billion, and calculated billings rose 20% Y/Y to $1.069 billion.
Number of all customers with ARR of $100,000 or more was 1,904, up 28% Y/Y.
Non-GAAP operating income rose to $39.6 million from $7.5 million ...