HUBSPOT, INC. - HUBS STOCK NEWS

HubSpot announced that its Chief Financial Officer, Kate Bueker, and Head of Corporate Treasury and Investor Relations, Chuck MacGlashing, will present virtually at the J.P. Morgan Technology Conference on May 25, 2021, at 11:00 a.m. ET. Interested parties can access the live webcast through the investor relations website. Furthermore, the company will conduct virtual 1-on-1 investor meetings on the same day. HubSpot, a leading CRM platform, serves approximately 114,000 customers globally.

HubSpot reported a strong Q1 2021 with total revenue of $281.4 million, up 41% year-over-year. Subscription revenue also rose to $270.3 million, while professional services revenue increased 43% to $11.1 million. However, GAAP net loss widened to $23.2 million from $17.7 million in Q1 2020. The company generated $72.5 million in operating cash flow and had a cash balance of $1,286 million. HubSpot expects Q2 2021 revenue between $293 million and $297 million and full-year revenue of $1,237 million to $1,247 million.

HubSpot has scheduled its first quarter 2021 financial results announcement for May 5, 2021, after the U.S. markets close. The company will host a conference call at 4:30 p.m. ET on the same day to discuss the results and its business outlook. Interested participants can register via the provided link. HubSpot serves over 100,000 customers globally with a CRM platform that aids in growth through marketing, sales, and customer service tools.

HubSpot unveils the Operations Hub, enhancing its CRM platform to empower operations professionals and unify customer data. Designed for scalability, this tool automates tedious tasks, fosters collaboration among teams, and aligns them around a single source of truth. Operations Hub includes sophisticated data sync capabilities and customizable workflows, enabling firms to adapt their processes according to customer needs. Available in multiple tiers, this addition positions HubSpot as a leader in customer experience management, aiming to eliminate operational silos.

HubSpot announced a new IDC White Paper, "The HubSpot Ecosystem: Nearly $19 Billion in New Opportunity Ahead," highlighting its partners' role in supporting companies transitioning to a digital-first landscape. The report forecasts HubSpot's partner ecosystem revenue to grow from $4.8 billion in 2020 to $12.5 billion by 2024, totaling an additional $18.8 billion in four years. The paper emphasizes HubSpot's ability to streamline operations through effective integrations and advanced service offerings, positioning it favorably for future growth.

HubSpot announced that CEO Brian Halligan was injured in a snowmobile accident and will take time off to recover. Halligan is expected to make a full recovery. In his absence, Chief Customer Officer Yamini Rangan will handle daily operations. Board Member Lorrie Norrington expressed confidence in the management team, assuring stakeholders of continued organizational growth during Halligan's recuperation. HubSpot, a leading CRM platform, serves over 100,000 customers globally, emphasizing its commitment to fostering a strong corporate culture and supporting its employees and clients.

HubSpot (NYSE: HUBS), a leader in customer relationship management, will present at the Morgan Stanley Technology Conference on March 2, 2021, at 10:15 a.m. ET. The presentation will feature Kate Bueker, CFO, and Chuck MacGlashing, Head of IR and Corporate Treasury. Interested parties can access the live webcast via the company's investor relations website. HubSpot offers a comprehensive CRM platform helping over 100,000 customers globally to grow better.

HubSpot reported strong financial results for Q4 and full year 2020. Total revenue reached $252.1 million in Q4, up 35% year-over-year, with subscription revenue at $244.3 million, a 36% increase. For the full year, revenues totaled $883.0 million, an increase of 31%. Despite a GAAP net loss of ($15.4 million) in Q4, non-GAAP net income was $20.1 million. The company now boasts 103,994 customers, marking a 42% growth from the previous year. Outlook for Q1 2021 forecasts revenues of $260-$265 million.