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monday.com (NASDAQ: MNDY), a leading multi-product platform, announced its participation in the J.P. Morgan Global Technology, Media, and Communications Conference. The event will take place on May 21, 2024, at 10:10 am ET. Management will present recent events in a fireside chat format. The presentation will be webcast live and available for replay on monday.com's investor relations website.
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.
