Welcome to our dedicated page for Monday.Com Ltd. news (Ticker: MNDY), a resource for investors and traders seeking the latest updates and insights on Monday.Com Ltd. stock.
Monday.com Ltd. (MNDY) provides a cloud-based work management platform that enables organizations to streamline operations through customizable workflows and automation tools. This page serves as the definitive source for all official company announcements and third-party analysis, offering stakeholders timely insights into strategic developments.
Investors and industry observers will find curated updates including earnings reports, product launches, strategic partnerships, and leadership changes. The repository consolidates essential information to support informed decision-making, featuring press releases directly from the company alongside verified market analyses.
Content spans operational milestones relevant to the SaaS sector, with particular emphasis on innovations in workflow automation, enterprise collaboration, and digital transformation trends. Regular updates ensure users stay informed about how Monday.com continues to shape the future of team productivity software.
Bookmark this page for streamlined access to critical updates about one of the SaaS industry's most dynamic platforms. Check back frequently for the latest developments impacting MNDY's market position and technological advancements.
monday.com (NASDAQ: MNDY) announced its financial results for Q1 2024, highlighting a substantial revenue increase of 34% year-over-year, reaching $216.9 million. The company also achieved record quarterly free cash flow of $89.9 million. Notably, the number of customers with more than $50k in annual recurring revenue (ARR) grew by 48% year-over-year. Non-GAAP operating income was $21.5 million, with a non-GAAP operating margin of 10%. GAAP net income per share was $0.14, compared to a loss of $0.31 in Q1 2023. The company projects Q2 revenue between $226 million and $230 million and full-year 2024 revenue between $942 million and $948 million, reflecting growth of 29% to 30%. monday sales CRM and monday dev are now accessible to all customers, fueling further account additions. The management expressed confidence in delivering the 'base case' guidance outlined for 2023.
monday.com announced the appointment of Pierre Berlin as the General Manager of Europe, the Middle East, and Africa (EMEA), as part of its hybrid regional structure to support its upmarket motion and global leadership. Berlin will oversee the company's go-to-market strategy in EMEA, focusing on expanding its presence, fostering partnerships, and enhancing its enterprise offering.
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