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 (historically NYSE: SMAR) is frequently featured in business and technology news as a modern, AI‑enhanced enterprise work management platform with a large global customer base, including a substantial share of Fortune 500 companies. News coverage often highlights how organizations use Smartsheet to manage complex projects, marketing campaigns, service operations, and other mission‑critical work at scale.
Recent announcements have focused on several themes. One major topic is corporate transactions: Smartsheet disclosed a definitive agreement to be acquired by funds managed by Blackstone and Vista Equity Partners, followed by confirmation that the acquisition was completed in an all‑cash take‑private transaction. These updates include details on shareholder approval, transaction value, and the end of public trading of Smartsheet stock.
Another recurring news theme is product and technology development. Smartsheet has announced AI‑related features and a connector that synchronizes Smartsheet data into Amazon Q Business, a generative AI‑powered assistant. This connector is presented as a way to reduce data silos and enable unified AI‑driven search and analysis across enterprise systems. The company also highlights broader enhancements to its user experience and platform capabilities.
Smartsheet news items also cover industry recognition and research. The company reports recognition as a Leader in the Gartner Magic Quadrant for Collaborative Work Management and as a Customers’ Choice in Gartner Peer Insights. In addition, Smartsheet publishes research such as the Pulse of Marketing Report, which examines how marketing and creative professionals use technology and data to demonstrate business impact.
Leadership appointments, regional management updates, and information about customer conferences and events also appear in Smartsheet’s news flow. For ongoing historical and corporate context, this news page aggregates these types of announcements in one place.
Smartsheet Inc. (NYSE: SMAR) reported strong second quarter results for fiscal 2022, with total revenue increasing by 44% year-over-year to $131.7 million. Subscription revenue rose 45% to $121.1 million. However, the company reported a GAAP net loss of $44.2 million, compared to $26.6 million in Q2 2021. Positive cash flow was noted with $1.8 million in net operating cash flow, but negative free cash flow reached $3.5 million. Looking ahead, Smartsheet projects third quarter revenue between $138 million and $139 million, indicating growth of 39% to 40% year-over-year.
Smartsheet has been recognized as #15 on the 2021 Best Places to Work in Australia by WRK+ in the under 100 employees category. Employee survey results indicate strong team and organizational relationships, with 94% and 92% satisfaction, respectively. This accolade follows several recent honors, including recognition on Comparably’s Best Places to Work in Seattle and accolades for its collaboration software. Smartsheet’s leaders emphasize a commitment to a supportive company culture, crucial during the challenges posed by the COVID-19 pandemic.
Smartsheet Inc. (NYSE: SMAR) will release its financial results for Q2 fiscal year 2022, ending July 31, 2021, on September 7, 2021, after U.S. markets close. A conference call for discussion of the results will be held at 4:30 p.m. ET, with a dial-in number provided for access. The results will also be available via webcast on the company's investor relations website. A replay of the event will be accessible shortly after its conclusion.
Smartsheet (NYSE: SMAR) has introduced new innovations, partnerships, and offerings aimed at enhancing its platform for over 8.5 million users. Key announcements include Smartsheet Advance, a premium capabilities offering designed for scalable work management, and Smartsheet for Marketing, which focuses on resource management for marketing teams. Enhancements in security and compliance include Customer Managed Encryption Keys and Enterprise Plan Manager. Additionally, new integrations with companies like McAfee and UiPath enhance operational efficiency and security.
Smartsheet (NYSE: SMAR) has entered a five-year partnership with Climate Pledge Arena and the Seattle Kraken as their official presenting partner. The collaboration includes Smartsheet becoming the title partner for Rink 2 at the Kraken's training center. This partnership aims to enhance operational efficiency through Smartsheet's platform, which will aid in strategic initiatives, planning, and event management. Smartsheet's technology is expected to improve collaboration and accountability across both organizations, fostering a superior fan experience.
Smartsheet (NYSE: SMAR) has launched Smartsheet Advance, a new premium offering designed to enhance enterprise capabilities and streamline work management. This innovative solution bridges the gap between collaboration tools and traditional systems, providing dynamic work features essential for enterprise operations. Customers can choose from three tiers—Silver, Gold, and Platinum—tailored to their needs, promoting efficient process management, secure requests, and intelligent workflows. This launch emphasizes Smartsheet’s commitment to empowering organizations with enhanced governance and compliance.
Smartsheet reported a strong first fiscal quarter for 2022, with revenue increasing by 37% year over year to $117.1 million. Subscription revenue was up 40% at $108.0 million. The company experienced a GAAP operating loss of $38.4 million, slightly improved compared to the previous year. Notably, the customer base grew significantly, with annualized contract values of $5,000 or more increasing by 32%. For Q2, Smartsheet expects revenue between $125 million and $126 million, with full-year revenue projected at $510 million to $515 million.
Smartsheet Inc. (NYSE: SMAR) is set to announce its financial results for Q1 FY2022, ending April 30, 2021, on June 2, 2021, after market close. A conference call will follow at 4:30 p.m. ET, accessible via dial-in or webcast. This event is crucial for investors seeking insights into the company's performance and outlook.
The call can be accessed at (877) 274-9243 in the U.S. or (647) 689-5417 internationally, using conference ID 7295913. A replay will be available shortly after the live event.
Smartsheet reported strong Q4 FY21 results, with total revenue of $109.9 million, marking a 40% year-over-year increase. Subscription revenue rose 42% to $101.1 million, while professional services revenue increased 18%. Despite a GAAP net loss of $28.7 million, the non-GAAP net loss improved to $4.9 million. The company anticipates Q1 FY22 revenue between $111 million and $112 million, and total FY22 revenue between $500 million and $505 million, showcasing continued growth.
Smartsheet (NYSE: SMAR) has appointed Alissa Abdullah to its Board of Directors, highlighting her extensive experience in IT and cybersecurity. Abdullah, currently the Deputy Chief Security Officer at Mastercard, has held executive roles at notable firms like Xerox and Stryker, and served in the Obama administration. Mark Mader, the President and CEO, expressed that her insights will enhance Smartsheet’s strategic approach to dynamic work. Abdullah aims to support the executive team in driving growth for the company, emphasizing its innovative platform.