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 (SMAR) is a leading cloud-based platform for collaborative work management, serving enterprises through its innovative SaaS solutions. This news hub provides investors and professionals with timely updates on corporate developments, financial performance, and strategic initiatives shaping the company's trajectory in the enterprise software sector.
Access verified press releases and market analyses covering key areas including earnings announcements, product innovations, executive leadership changes, and partnership agreements. The curated collection serves as a reliable resource for tracking operational milestones and understanding Smartsheet's position within the competitive work automation landscape.
Regular updates ensure stakeholders maintain informed perspectives on critical business activities without promotional bias. Users benefit from centralized access to essential information supporting investment research and industry analysis.
Bookmark this page for efficient monitoring of Smartsheet's evolving story through official communications and third-party reporting. Combine strategic insights with operational data to assess the company's market performance and long-term potential.
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.
