SurveyMonkey (SVMK) reported a stronger than expected Q1, with revenue growing 29% during the quarter, compared to expectations for ~25%. The resilience and recurring nature of the company's revenue showed strength during the quarter as the stock has gone up around 25% since reporting earnings.
The company did provide Q2 guidance, which implies revenue growth of ~18% for the quarter. This was about what expectations called far heading into earnings and, I believe, could be somewhat conservative, given management has high visibility into their revenue and is not likely to miss their guidance.
The company