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. (NASDAQ: MNDY) is a global SaaS work management and Work OS company whose news flow centers on product innovation, AI capabilities, financial performance, and industry recognition. Investors and observers following MNDY news see regular updates on how the company is expanding its platform and positioning its work management software in the broader software publishers and information sector.
Recent news releases highlight monday.com’s focus on artificial intelligence and its role in moving from software that manages work to software that can help do the work. Announcements have covered the launch and expansion of AI capabilities such as monday agents, monday magic, monday vibe, and monday sidekick, as well as the introduction of monday campaigns within the monday CRM suite. These updates show how the company is evolving its platform for marketing, sales, development, and service teams.
monday.com news also includes quarterly earnings results, where the company reports revenue growth, non-GAAP operating income, net dollar retention rates, and the expansion of customers above specific annual recurring revenue thresholds. These earnings releases often include management commentary on strategy, product adoption, and the role of AI in the company’s roadmap.
Another recurring theme in MNDY news is industry recognition. The company has announced multiple placements as a Leader in Gartner Magic Quadrant reports for Collaborative Work Management, Adaptive Project Management and Reporting, and Marketing Work Management Platforms. In addition, monday.com issues updates on corporate events such as investor days, participation in industry conferences, and partnerships, including its role as Official Global Work Management Partner of the Bonds Flying Roos SailGP team.
For readers tracking MNDY, this news page aggregates these earnings announcements, product launches, AI updates, recognition milestones, and corporate events in one place, making it easier to follow how monday.com communicates its progress and strategy over time.
monday.com (NASDAQ: MNDY) has opened its new Asia-Pacific headquarters in Sydney, aiming to leverage growth in the region as it surpasses 13,000 customers in Australia. The new office, located in the CBD, spans over 1,000 square metres and reflects the company's commitment to the local market. This expansion follows a 76% increase in headcount in Australia over the past year. The office design embodies the company's core values, fostering collaboration and inclusivity. monday.com aims to strengthen connections with customers and partners like Canva and Tourism Australia.
monday.com (NASDAQ: MNDY) has announced participation in several investor conferences, showcasing its work operating system capabilities. The conferences include:
- Morgan Stanley Technology, Media & Telecom Conference on March 6, 2023, at 11:00 am ET, San Francisco, CA.
- KeyBanc Capital Markets Emerging Technology Summit on March 7, 2023, at 2:00 pm ET, San Francisco, CA.
- Loop Capital Annual Investor Conference on March 13, 2023, virtually (1x1 meetings only).
These presentations will feature discussions with research analysts and will be available for live streaming on monday.com’s investor relations website.
Appfire has partnered with monday.com (NASDAQ: MNDY) to enhance its app marketplace. This collaboration aims to enable monday.com users to better customize their workflow through new apps that cater to diverse business needs. Since launching its marketplace in 2022, monday.com has attracted over 1.5 million visitors and 380,000 app installs. Appfire will contribute apps like Planning Poker and Dashboard Hub to optimize user experiences, supporting both project management and data visualization. The partnership emphasizes innovation, enhancing collaboration tools for teams across various sectors.
monday.com (NASDAQ: MNDY) reported a fiscal year 2022 revenue of $519.0 million, growing 68% year-over-year. The company achieved a positive adjusted free cash flow for the second consecutive year, with significant growth in customers—86% increase in those generating over $50k ARR. In Q4 alone, revenue reached $149.9 million (57% year-over-year growth). However, the GAAP net loss for the fiscal year was $2.99 per share. Looking ahead, monday.com anticipates 2023 revenue between $688 million and $693 million, reflecting a 33% to 34% growth expectation.
monday.com Ltd. (NASDAQ: MNDY) has announced it will report its financial results for the fourth quarter and fiscal year 2022 on February 13, 2023. The management will host a conference call at 8:30 a.m. Eastern Time to discuss the results. Investors can access information regarding the financial results and conference call on the investor relations website. The company provides a Work OS that empowers organizations to create customized work management tools, currently serving over 152,000 customers globally across more than 200 industries.
monday.com (NASDAQ: MNDY) has officially opened a new North American office in Denver, spanning over 10,000 square feet, to enhance its sales capabilities. This addition supports the company's expansion efforts, following previous openings in New York City, Miami, and Chicago. The Denver office aims to foster a hybrid work environment and accommodate 45 employees with room for growth. Executives emphasize the value of in-person collaboration and closeness to customers as key drivers for success in 2023.
monday.com has promoted Yoni Osherov to Chief Revenue Officer (CRO), the first to hold this title, to enhance customer experience and drive growth. He will lead over half of the global team, focusing on areas such as sales, marketing, and customer success. Osherov, who joined the company in 2017, has been integral in scaling the sales team significantly. This role aims to foster efficiency and collaboration across departments, ensuring a seamless customer journey as the company continues its upward trajectory.
monday.com (NASDAQ: MNDY) has announced the appointment of Tsafrir Ezra as its new Chief Information Officer, aimed at enhancing data management. Their latest report, based on a survey of IT decision-makers in the U.S., U.K., and Australia, shows a significant increase in software budgets for 2023, with 67% of U.S. leaders planning boosts. The report highlights a trend toward software consolidation for efficiency, with ease of use being a top priority. The ongoing global digital transformation indicates promising growth in the software sector.
monday.com (NASDAQ: MNDY) released a report indicating that UK IT teams are prioritizing software that enhances efficiency, with 54% increasing their software budget in 2022 and 55% planning further increases in 2023. The survey conducted with RepData LLC shows that UK decision-makers express dissatisfaction with existing software, often relying on multiple tools. Moreover, 87% plan to consolidate software platforms for improved workflows. The company also announced the hiring of Tsfarir Ezra as the new Chief Information Officer to lead data management efforts.
monday.com (NASDAQ: MNDY) reported third quarter revenue of $136.9 million, marking a significant 65% growth year-over-year. The number of customers with over $50k in annual recurring revenue (ARR) surged by 116%, reaching 1,323. The company saw improved margins and positive adjusted free cash flow of $14 million. Despite macroeconomic challenges, management raised its revenue outlook for the full year to between $509 million and $511 million. However, foreign exchange impacts may reduce growth estimates by 300 basis points.