HUBSPOT, INC. - HUBS STOCK NEWS

HubSpot has announced its third annual World Certification Week, scheduled for May 9 to May 13, 2022. For every certification awarded during this week, the company will donate $5 to education-focused nonprofits, aiming for a total of $50,000. In 2021, HubSpot donated $35,000 through this initiative. The event encourages professionals to engage in learning, enhance their careers, and connect with industry leaders while supporting global education access.

HubSpot has partnered with Pipe to provide $100 million in fee-free funding for its HubSpot for Startups customers. This initiative allows startups to access growth capital without dilutive debt while benefiting from a 30% discount on HubSpot's CRM Suite. The partnership aims to reduce the burden of fundraising on startup founders, enabling them to invest more time in scaling their businesses. This collaboration follows HubSpot's previous investment in Pipe through its venture fund, enhancing its commitment to empowering startups.

HubSpot's Sales Hub has been recognized as the top CRM software in G2's Spring 2022 CRM Grid Report, based on customer satisfaction ratings. This accolade reflects HubSpot's strong market presence, with verified users praising its usability and reliability. Sales Hub scored highest in both overall satisfaction and the Enterprise Usability Index. The recognition highlights the importance of customer reviews, as 92% of B2B buyers trust product reviews when making purchasing decisions. HubSpot's commitment to providing a versatile CRM platform contributes to its status as a leading choice for businesses.

HubSpot announced that Claire Hughes Johnson has joined its board of directors, bringing over two decades of experience in scaling high-growth companies. Johnson replaces Julie Herendeen, who played a key role in HubSpot's transformation since 2016. Brian Halligan, HubSpot's co-founder, expressed confidence in Johnson's ability to enhance the company's CRM capabilities, particularly in payments, leveraging her prior experience at Google and Stripe. Johnson aims to support HubSpot's innovative customer-centric approach.

HubSpot has launched HubSpot Creators, an accelerator program designed to invest in emerging podcast creators globally. The inaugural cohort includes eight creators focused on entrepreneurship, marketing, and technology. The program aims to provide resources, support, and marketing budgets to help creators grow their brands. HubSpot Creators will evolve to include YouTube and newsletter creators. The initiative follows the company's success with its podcast network and intends to leverage its marketing insights to enhance creators' visibility and success.

HubSpot has appointed Rob Giglio as its new Chief Customer Officer. Giglio joins from DocuSign, where he held the position of Chief Marketing Officer, and has over 20 years of industry experience, notably at Adobe. He will lead HubSpot's marketing, sales, services, and revenue operations teams to enhance customer alignment. CEO Yamini Rangan praised Giglio's customer-focused leadership, emphasizing that his expertise is vital for HubSpot's growth strategy. HubSpot serves over 135,000 customers worldwide, offering a comprehensive CRM platform for scaling companies.

DealHub has launched its CPQ solution for HubSpot CRM users, enhancing sales productivity and performance. The integration allows sales teams to generate complex price quotes efficiently, from quotes to closing deals. This advancement aims to provide a seamless sales experience and improve efficiency via a no-code configuration environment. DealHub's automation further streamlines contract negotiations and approvals, benefiting sales and revenue teams. HubSpot, a leading CRM platform, supports over 135,000 customers globally, combining marketing and sales tools for better business outcomes.

HubSpot has relaunched its Service Hub on March 15, 2022, aimed at enhancing customer experiences with new features like a customer portal, SLA management tools, and inbound calling. These upgrades focus on enabling companies to manage customer interactions authentically and efficiently, addressing rising customer expectations. HubSpot emphasizes that investing in customer service is vital for retention, noting that acquiring new customers can be significantly more costly than retaining existing ones. Over 135,000 customers globally utilize HubSpot's CRM solutions.

HubSpot reported strong financial results for Q4 and full year 2021, achieving total revenue of $369.3 million in Q4, a 47% increase year-over-year. Full year revenue reached $1.30 billion, also up 47%. Non-GAAP operating income was $38.2 million in Q4, with a full year non-GAAP income of $117.6 million. The company ended 2021 with a robust cash position of $1.37 billion. Looking ahead, HubSpot expects Q1 2022 revenue between $381 million and $383 million, and full year 2022 revenue between $1.72 billion and $1.73 billion, indicating continued growth.