STOCK TITAN

Smartsheet Inc. - SMAR STOCK NEWS

Welcome to our dedicated page for Smartsheet news (Ticker: SMAR), a resource for investors and traders seeking the latest updates and insights on Smartsheet stock.

Smartsheet Inc. (symbol: SMAR) is a leading provider of collaborative work management software, delivered through a cloud-based, software-as-a-service (SaaS) model. Trusted by over 90,000 companies and countless information workers, Smartsheet helps accelerate business execution and addresses the challenges associated with modern collaborative work.

Smartsheet’s platform is renowned for its capacity to manage and automate workflows across various business functions. The company’s comprehensive toolkit includes features for project and process management, real-time visibility, reporting, and automation capabilities. This functionality ensures that teams can streamline their processes and enhance productivity.

One of Smartsheet’s distinguishing features is its extensive integration capabilities. The platform maintains rich data integrations with mission-critical applications from industry leaders such as Microsoft, Google, Salesforce, and Atlassian. This seamless connectivity enables users to work efficiently within their existing tech ecosystems.

Smartsheet’s customer base includes more than 50% of the Fortune 500, underscoring the platform’s scalability and robustness. These enterprises rely on Smartsheet to manage high-volume, fast-paced projects and processes.

The company generates revenue through a subscription-based model, where users pay per-user fees and can incur additional charges for expanded platform capabilities. This model allows businesses of all sizes to access Smartsheet’s powerful tools while scaling usage according to their needs.

Recent achievements include enhancements in the platform’s automation functions and the introduction of new features that further simplify workflow management. Smartsheet continues to innovate, ensuring its platform remains at the forefront of the collaborative work management landscape.

For the latest updates and detailed information on Smartsheet’s performance, events, and developments, the Latest News section is continuously updated with the most recent data directly from Smartsheet.

Rhea-AI Summary

Smartsheet (NYSE: SMAR), a leading enterprise work management platform, announced its integration of Amazon Q, a generative AI assistant from AWS, to improve productivity by enhancing knowledge management. This new tool has been embedded into Smartsheet's Slack app, enabling over 3,300 employees to get instant answers to questions through natural language queries. The AI assistant, named @AskMe, accesses public help documents, training materials, and Slack channels, significantly reducing time spent searching for information. This integration aims to foster a self-serve mentality among employees, thus allowing them to focus on more impactful work. Company leadership has observed increased visibility and engagement in projects. This integration is part of a deepening partnership between Smartsheet and AWS, highlighting their mutual commitment to innovation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
Tags
AI
-
Rhea-AI Summary

Smartsheet announced its Q1 fiscal 2025 results, highlighting a 20% YoY revenue increase to $263 million. Subscription revenue rose by 21% to $249.1 million, while professional services revenue remained flat at $13.9 million. The company's GAAP net loss narrowed to $8.9 million, with a non-GAAP net income of $44.4 million. Operating cash flow grew by 45% YoY to $50.1 million, and free cash flow increased to $45.7 million. Smartsheet ended the quarter with $669.5 million in cash. The company announced a $150 million share repurchase program and expects Q2 fiscal 2025 revenue between $273 million and $275 million. For the full fiscal year 2025, revenue is projected to grow by 16% to 17% YoY.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.18%
Tags
-
Rhea-AI Summary

Smartsheet (NYSE: SMAR) has announced the availability of new AI tools and resource management features in its work management platform. These enhancements, unveiled at the Smartsheet ENGAGE London conference, aim to help enterprises simplify data complexity, gain actionable insights, and improve decision-making.

The new AI tools allow users to analyze data via conversational prompts, generate advanced formulas, and create text summaries. They are designed with principles of responsible AI to ensure transparency and data privacy. Additionally, new workload tracking features and improved visualization tools are available for Business and Enterprise plan customers.

These features have been applied to over 35,000 projects across various industries, increasing productivity and enhancing resource management capabilities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.67%
Tags
none
Rhea-AI Summary

Smartsheet Inc. (NYSE: SMAR) is set to announce its financial results for the first quarter of fiscal year 2025 on June 5, 2024. The company will discuss the results during a conference call and webcast at 4:30 p.m. ET (1:30 p.m. PT) on the same day. The webcast can be accessed through the Smartsheet investor relations website. A replay of the call will also be available.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.17%
Tags
-
Rhea-AI Summary
Smartsheet (NYSE: SMAR) has announced a $150 million share repurchase program, giving the company the authorization to buy back its outstanding Class A common stock. The program allows for repurchases through various methods, including open market purchases and block trades. The timing and amount of repurchases will be determined by the company's management based on market conditions and other factors. The program has a duration of approximately twelve months and does not require a minimum purchase commitment. Smartsheet may suspend or end the program at any time at its discretion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.91%
Tags
buyback
-
Rhea-AI Summary
Smartsheet appoints Jo Deal as Chief People Officer to support the company's global workforce growth and development, aiming to enhance performance and drive business results in the post-$1 billion annualized recurring revenue growth phase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.55%
Tags
management
Rhea-AI Summary
Smartsheet Inc. appoints Katie Rooney, a seasoned CFO, to its board of directors, bringing extensive financial and operational expertise. As the company reaches $1 billion in annual recurring revenue, Rooney's appointment signals a strategic move for global enterprise expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
Tags
management
-
Rhea-AI Summary
Smartsheet Inc. announces strategic executive team changes to drive growth post $1 billion ARR milestone. Max Long appointed President of Go-to-Market, Praerit Garg promoted to President of Product & Innovation. Mike Arntz and Andrew Bennett to retire, company focuses on customer-centric strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.9%
Tags
management
-
Rhea-AI Summary
Smartsheet (SMAR) exceeded $1 billion in annualized recurring revenue in Q4, with total revenue growing 21% YoY to $256.9 million. The company ended the year with $628.8 million in cash and equivalents. Smartsheet reported strong financial and operational performance, showcasing growth in revenue, operating cash flow, and free cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.9%
Tags
Rhea-AI Summary
Smartsheet Inc. (SMAR) will release its financial results for Q4 and full fiscal year 2024 on March 14, 2024. The conference call and webcast will be hosted by Smartsheet executives to discuss the results. The webcast will be open to listeners through the events section of the Smartsheet investor relations website. A replay of the conference call will also be available for seven days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
Tags

FAQ

What is Smartsheet Inc.?

Smartsheet Inc. is a provider of collaborative work management software, delivered via a cloud-based SaaS model.

What does Smartsheet's platform offer?

Smartsheet's platform offers tools for project and process management, real-time visibility, reporting, and automation capabilities.

How does Smartsheet generate revenue?

Smartsheet generates revenue through subscription fees, with additional charges for expanded platform capabilities.

Which major companies use Smartsheet?

Over 50% of the Fortune 500 companies use Smartsheet for their collaborative work management needs.

What are some key integrations supported by Smartsheet?

Smartsheet integrates with applications from Microsoft, Google, Salesforce, Atlassian, and more.

What recent achievements has Smartsheet made?

Recent achievements include enhancements to the platform's automation functions and new features to simplify workflow management.

Why do companies choose Smartsheet?

Companies choose Smartsheet for its scalability, robust features, and extensive integration capabilities.

How many companies use Smartsheet?

Over 90,000 companies use Smartsheet to manage and automate their collaborative work.

What industries benefit from Smartsheet's platform?

Various industries, including technology, finance, healthcare, and manufacturing, benefit from Smartsheet's collaborative work management tools.

Where can I find the latest news about Smartsheet?

For the latest updates on Smartsheet, you can visit the 'Latest News' section, which is regularly updated with new information.

Smartsheet Inc.

NYSE:SMAR

SMAR Rankings

SMAR Stock Data

6.02B
138.34M
2.93%
91.4%
1.6%
Software Publishers
Information
Link
United States of America
BELLEVUE