Monday.Com Ltd. - MNDY STOCK NEWS

monday.com (NASDAQ: MNDY) has appointed Casey George as Chief Revenue Officer (CRO) effective May 15, 2025. George will be based in New York City, reporting to co-founders Roy Mann and Eran Zinman. With nearly 30 years of experience, George previously served as Executive Vice President of Global Sales at Qlik, overseeing $1.3B in ARR and over 1,000 employees. He also held leadership roles at Talend, Verint, and IBM. As CRO, George will lead monday.com's growth in the enterprise market, overseeing the CRO organization and revenue strategy.

The appointment follows a strong fiscal year 2024 for monday.com, marked by significant progress in its go-to-market (GTM) strategy, which now integrates marketing, sales, and partnerships. In 2025, the company plans to grow headcount by 30% and invest heavily in building out sales teams. Co-founders Mann and Zinman believe George's expertise will drive further growth and innovation, strengthening customer relationships and expanding market reach.

monday.com (NASDAQ: MNDY) has announced the filing of its 2024 Annual Report on Form 20-F with the Securities and Exchange Commission. The report contains the company's audited financial statements for the fiscal year ending December 31, 2024.

The annual report is now accessible to stakeholders through monday.com's investor relations website and the SEC's official website.

monday.com (NASDAQ: MNDY) concluded its annual Partner Summit in London, gathering over 600 professionals from 50+ countries. The company reported significant ecosystem growth, with solution partners increasing 24% year-over-year to 270+ partners globally. The monday.com Marketplace experienced 59% growth, now hosting 650 apps.

The company announced new strategic partnerships with Rewind for enterprise-grade backup solutions, Make for expanded integration capabilities (2,000+ connections), and Ziflow for streamlined content-proofing workflows. The summit featured partner awards across regions, with tiilt.io (EMEA), Eligeo (North America), Workwise (LATAM), and Upstream (APAC) winning Partner of the Year.

monday.com (NASDAQ: MNDY) has announced the full release of monday service, its AI-powered Enterprise Service Management platform, following its beta phase. The platform serves as a centralized solution for service operations, leveraging AI for smart automations and ticket resolution.

Since its January 2024 launch, the platform has processed over 215,000 tickets and has become monday.com's highest annual contract value product. Key features include AI-powered ticket resolution, automatic classification and routing, comprehensive performance dashboards, and a customizable customer portal.

The platform aims to streamline service delivery across organizations by consolidating requests, incidents, projects, and business data in a single platform. It offers no-code implementation and enables teams to monitor service operations performance, detect issues proactively, and improve cross-departmental efficiency.

monday.com (NASDAQ: MNDY) has announced its AI Vision for 2025, introducing three key pillars to enhance business operations: AI Blocks, Product Power-ups, and the Digital Workforce. The initiative aims to democratize software power by embedding AI capabilities throughout their product suite.

The company will launch monday Expert, their first AI agent, in March, designed to assist with user onboarding and task execution. The platform offers 500 free AI Credits monthly to all users, with additional credit packages available ranging from 2,500 to 250,000 credits for larger organizations.

The implementation has shown promising results, with customers performing approximately 10 million AI actions by the end of FY24, demonstrating a quarter-over-quarter tripling in usage. The system is designed to benefit both SMBs and enterprise-level companies, focusing on enhancing productivity without requiring additional resources.

monday.com (MNDY) reported strong Q4 2024 financial results with revenue reaching $268.0 million, up 32% year-over-year. The company achieved record non-GAAP operating income of $40.3 million with a 15% margin. For the full fiscal year 2024, revenue grew 33% to $972.0 million.

Key performance indicators showed positive momentum with net dollar retention rate increasing to 112%. The company now serves 59,214 paid customers with more than 10 users, up 10% YoY. Notably, customers with over $100,000 in ARR grew 45% to 1,207.

Looking ahead to 2025, monday.com expects Q1 revenue between $274-276 million and full-year revenue of $1,208-1,221 million, representing 24-26% growth. The company also announced the general availability of monday service and introduced Digital Workforce, featuring AI Agents for task automation.

monday.com (MNDY) has announced it will release its Q4 and fiscal year 2024 financial results on Monday, February 10, 2025. The company's management will host a conference call and webcast to discuss the results at 8:30 a.m. Eastern Time.

Investors can access the live webcast through monday.com's investor relations website at ir.monday.com. The conference call can be joined via telephone at +1 (646) 968-2525 or toll-free at +1 (888) 596-4144 using conference ID: 3954851. An archived version of the webcast will be available in the News & Events section of the company's Investor Relations website after the call.

monday.com's Work OS platform serves over 225,000 customers across more than 200 industries and territories. The company maintains offices in Tel Aviv, New York, Denver, London, Warsaw, Sydney, Melbourne, São Paulo, and Tokyo.

monday.com (NASDAQ: MNDY) has achieved a significant milestone by being named a Leader in the 2024 Gartner® Magic Quadrant™ for Marketing Work Management Platforms (MWMP). This recognition makes monday.com the only work management platform to be named a Leader in three Gartner® Magic Quadrant™ reports, including Adaptive Project Management and Reporting (APMR) and Collaborative Work Management (CWM).

The platform was recognized for its user-friendly interface, robust automation features, and cutting-edge data infrastructure. Marketing teams are increasingly adopting monday.com's platform for its ability to boost productivity, optimize operations, and streamline campaign management from ideation to execution. The platform serves as a central hub for team collaboration, offering enhanced visibility into project statuses, timelines, and budgets.

monday.com (NASDAQ: MNDY) has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Collaborative Work Management (CWM) for the second consecutive year, positioning furthest in 'Completeness of Vision'. The company, serving over 225,000 customers globally, has enhanced its platform capabilities with Portfolio management and mondayDB 2.0, which allows boards up to 100,000 items and dashboards with 500,000 items.

This recognition follows monday.com being named a 2024 Gartner® Magic Quadrant™ Leader for Adaptive Project Management and Reporting (APMR) in September 2024, where it was positioned furthest in both 'Completeness of Vision' and 'Ability to Execute' categories.