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monday.com Ltd. (NASDAQ: MNDY) is a leading provider of cloud-based work management software designed to improve efficiency, transparency, and collaboration within teams. Founded in 2012 and launched as an independent entity in 2014, the company has transformed the way businesses operate by offering flexible and highly customizable solutions that cater to a variety of business processes and use cases.
The core service of monday.com is its work operating system (Work OS), which facilitates workflow management across departments, real-time visibility, and accountability, and incorporates automation tools to streamline operations. The platform supports various business functions such as project management, CRM, DevOps, and marketing, providing a centralized hub for teams to collaborate and manage their tasks.
monday.com has also developed specialized tools like prepackaged CRM solutions, DevOps management platforms, standalone survey modules, and digital whiteboard tools. This diversity in offerings allows organizations to tailor the software precisely to their needs, enhancing productivity and effectiveness.
As of 2023, monday.com has a global presence, serving over 225,000 customers in more than 200 countries. The firm is praised for its user-friendly interface, robust functionality, and the ability to integrate seamlessly with other business tools. Recent achievements include strategic partnerships to expand their ecosystem and continuous updates to enhance product features and user experience.
Financially, monday.com has shown significant growth, driven by its subscription-based revenue model. The company reinvests heavily in research and development to maintain its competitive edge and deliver innovative solutions. This approach has led to a loyal customer base and positive feedback for its 24/7 customer support service.
Overall, monday.com is not just a software provider but a catalyst for creating a culture of transparency and empowerment within organizations, enabling teams to achieve more and be happier in their work environment.
monday.com (NASDAQ: MNDY) has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Collaborative Work Management (CWM) for the second consecutive year, positioning furthest in 'Completeness of Vision'. The company, serving over 225,000 customers globally, has enhanced its platform capabilities with Portfolio management and mondayDB 2.0, which allows boards up to 100,000 items and dashboards with 500,000 items.
This recognition follows monday.com being named a 2024 Gartner® Magic Quadrant™ Leader for Adaptive Project Management and Reporting (APMR) in September 2024, where it was positioned furthest in both 'Completeness of Vision' and 'Ability to Execute' categories.
monday.com (NASDAQ: MNDY) announces expansion to a new 26,000-square-foot office space in Denver at 1755 Blake Street, upgrading from its previous location. The expansion follows a 79% headcount growth over the past two years in Denver and aims to support the company's increasing presence in North America. The new office, designed with collaboration in mind, features flexible workspaces and modern amenities to enhance teamwork and innovation. The company is currently hiring for over ten positions across Sales, Customer Success, and Customer Experience departments.
monday.com (NASDAQ: MNDY) announced its upcoming participation in the 51st Nasdaq London Investor Conference. The company's management team will present in a fireside chat format on Tuesday, December 10, 2024, at 1:30pm GMT. The presentation will be available through a live webcast on monday.com's investor relations website, with a replay accessible in the News and Events section.
monday.com (NASDAQ: MNDY) has announced it will report its third quarter 2024 financial results on Monday, November 11, 2024. The company will host a conference call and webcast to discuss the results at 8:30 a.m. Eastern Time on the same day. Investors can access the live webcast and financial results on monday.com's investor relations website.
The live call can be accessed via telephone at +1 (646) 968-2525 or +1 (888) 596-4144 (toll-free) with conference ID: 1813891. An archived webcast will be available in the News & Events section of the company's Investor Relations website following the call.
monday.com's Work OS is a low code-no code platform used by over 225,000 customers across more than 200 industries and 200 countries. The platform allows organizations to build work management tools and software applications tailored to their needs.
monday.com (NASDAQ: MNDY) has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Adaptive Project Management and Reporting (APMR) for the third consecutive year. The company was positioned furthest in both 'Completeness of Vision' and 'Ability to Execute' categories. This recognition reinforces monday.com's status as a leading low-code, no-code work management platform for enterprises.
Recent innovations by monday.com include:
- Portfolio management solution
- AI integration across the Work OS platform
- mondayDB 2.0 for enhanced board and dashboard capabilities
- monday workflows for complex, cross-account processes
These advancements aim to provide customers with cutting-edge solutions for managing their work efficiently and adaptively.
monday.com (NASDAQ: MNDY) has reached a significant milestone of $1 billion in annual recurring revenue (ARR), just a decade after launching its Work Operating System. This achievement highlights the company's rapid growth and success in disrupting traditional work software.
Key points:
- Launched in 2014, monday.com's Work OS is a no-code, low-code open platform for creating customized work tools
- The company has evolved into a multi-product company with a suite including monday work management, monday CRM, monday dev, and monday service (beta)
- monday.com's growth strategy focuses on expanding into mid-market and enterprise markets
- The company emphasizes operational efficiency alongside expansion
monday.com (MNDY) reported strong Q2 2024 results, with revenue reaching $236.1 million, up 34% year-over-year. The company achieved GAAP operating profitability for the first time, with a margin of 1%. Non-GAAP operating income was $38.4 million with a 16% margin. The company closed its largest deal ever, an 80,000-seat agreement with a multinational healthcare company.
Key metrics showed growth: 110% net dollar retention rate, 57,203 paid customers with 10+ users (up 15% YoY), and 1,009 customers with $100,000+ ARR (up 49% YoY). For Q3 2024, monday.com expects revenue of $243-247 million and non-GAAP operating income of $19-23 million. The full-year 2024 outlook projects revenue of $956-961 million and non-GAAP operating income of $100-105 million.
monday.com (NASDAQ: MNDY) has fully released its Portfolio management solution within the monday work management product, targeting enterprise customers. This ready-to-use offering provides a holistic view of all projects, allowing portfolio managers and executives to navigate between high-level portfolios and low-level projects easily. Key features include:
1. Zero setup with instant connection
2. Streamlined workflows with automations and templates
3. Customizable interface for personalized experience
The solution integrates with existing workflows, connecting to project request boards and utilizing automation features. It aims to democratize project portfolio management by making it easy to master, differentiating itself in the market. This release aligns with monday.com's multi-product vision, empowering enterprise customers to connect daily workflows with broader strategies and scale projects effectively.
monday.com (NASDAQ: MNDY), the multi-product work management platform, has announced it will report its Q2 2024 financial results on August 12, 2024. The company will host a conference call and webcast at 8:30 a.m. Eastern Time to discuss the results. Investors can access the live webcast and financial information on monday.com's investor relations website. The live call will also be available via telephone.
monday.com's Work OS is a low code-no code platform that allows organizations to build customized work management tools. The platform is used by over 225,000 customers across more than 200 industries and countries. monday.com has offices in various global locations, including Tel Aviv, New York, London, and Tokyo.
monday.com (NASDAQ: MNDY) has released its third annual ESG report, spotlighting the company's sustainability, community, and security initiatives.
Key highlights include reducing carbon emissions through partnerships and renewable energy shifts, reforestation efforts funding 269,000 trees, and bridging the digital divide with Tech School programs in Israel and New York City.
Additionally, the company has enhanced workplace culture through talent development and inclusion programs, and scaled aid organization impact via its Emergency Response Team.
The report aligns with the Sustainability Accounting Standards Board (SASB) guidelines, setting ambitious ESG goals for 2024.
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