MNDY - monday.com Ltd. (MNDY) Q4 2024 Earnings Call Transcript

2024-05-15 12:22:08 ET

monday.com Ltd. (MNDY)

Q4 2024 Earnings Conference Call

May 15, 2024 08:30 a.m. ET

Company Participants

Roy Mann - Co-Chief Executive Officer

Eran Zinman - Co-Chief Executive Officer

Eliran Glazer - Chief Financial Officer

Byron Stephen - Vice President of Investor Relations

Conference Call Participants

Pinjalim Bora - JP Morgan

Brent Bracelin - Piper Sandler

Jackson Ader - KeyBanc Capital Markets

Arjun Bhatia - William Blair

Kash Rangan - Goldman Sachs

DJ Hynes - Canaccord Genuity

Derrick Wood - TD Cowen

Brent Thill - Jefferies

George Iwanyc - Oppenheimer

Michael Berg - Wells Fargo Securities

Steve Enders - Citi

Michael Funk - Bank of America

Scott Berg - Needham

Taylor McGinnis - UBS

Presentation

Operator

Thank you for standing by. My name is Mark and I will be your conference operator today. At this time, I would like to welcome everyone to the monday.com First Quarter Fiscal Year 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker remarks there will be a question-and-answer session. [Operator Instructions].

I would now like to turn the call over to Byron Stephen, Vice President of Investor Relations. Please go ahead.

Byron Stephen

Hello everyone. Thank you for joining us on today's conference call to discuss the financial results for monday.com's first quarter fiscal year 2024. Joining me today are Roy Mann and Eran Zinman, Co-CEO's of monday.com and Eliran Glazer, monday.com CFO.

We release our results for the first quarter fiscal 2024 earlier today. You can find our quarterly shareholder letter along with our investor presentation and a replay of today's webcast under the News and Events section of our IR website at ir.monday.com.

Certain statements made on the call today will be forward-looking statements which reflect management's best judgment based on the currently available information. These statements involve risk and uncertainties that may cause actual results to differ from our expectations. Please refer to our earnings release for more information on the specific factors that could cause actual results to differ materially from our forward-looking statements.

Additionally, non-GAAP financial measures will be discussed on the call today. Reconciliations to the most directly comparable GAAP financial measures are available in the earnings release and the earnings presentation for today's call which are posted on the Investor Relations website.

Now, let me turn the call over to Roy.

Roy Mann

Thank you, Byron. Thank you everyone for joining us today. Following an exceptional year of growth and progress, we are thrilled to report that 2024 is off to another strong start. In the first quarter, monday.com showcased outstanding business and financial performance, highlighted by increasing adoption of our new products, robust revenue growth and record-level free cash flow. ...

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