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 Inc. (symbol: SMAR) is a leading provider of collaborative work management software, delivered through a cloud-based, software-as-a-service (SaaS) model. Trusted by over 90,000 companies and countless information workers, Smartsheet helps accelerate business execution and addresses the challenges associated with modern collaborative work.
Smartsheet’s platform is renowned for its capacity to manage and automate workflows across various business functions. The company’s comprehensive toolkit includes features for project and process management, real-time visibility, reporting, and automation capabilities. This functionality ensures that teams can streamline their processes and enhance productivity.
One of Smartsheet’s distinguishing features is its extensive integration capabilities. The platform maintains rich data integrations with mission-critical applications from industry leaders such as Microsoft, Google, Salesforce, and Atlassian. This seamless connectivity enables users to work efficiently within their existing tech ecosystems.
Smartsheet’s customer base includes more than 50% of the Fortune 500, underscoring the platform’s scalability and robustness. These enterprises rely on Smartsheet to manage high-volume, fast-paced projects and processes.
The company generates revenue through a subscription-based model, where users pay per-user fees and can incur additional charges for expanded platform capabilities. This model allows businesses of all sizes to access Smartsheet’s powerful tools while scaling usage according to their needs.
Recent achievements include enhancements in the platform’s automation functions and the introduction of new features that further simplify workflow management. Smartsheet continues to innovate, ensuring its platform remains at the forefront of the collaborative work management landscape.
For the latest updates and detailed information on Smartsheet’s performance, events, and developments, the Latest News section is continuously updated with the most recent data directly from Smartsheet.
Smartsheet (NYSE: SMAR) announced that Edgenuity has successfully utilized its platform since 2017 to enhance customer support, streamline processes, and improve collaboration across departments. Edgenuity, a key player in online K-12 education, reported better alignment among teams, automating workflows for over 150,000 educator sign-ins and 6,500 professional development sessions. The automation has allowed Edgenuity to focus on customer interactions and elevate service delivery, highlighting the importance of efficient collaboration in educational settings.
Smartsheet (NYSE:SMAR) announced that Fox Sports Australia will use its platform to enhance broadcast planning, automating processes for over 1,000 live sports events annually. The solution reduces manual tasks, improves teamwork, and provides real-time visibility into operations, making Fox Sports up to 20% more efficient. Collaborating with 6STEP, a Smartsheet partner, they tailored a solution that integrates with Fox Sports’ existing systems. This partnership aims to optimize processes and maintain high-quality programming for Australian sports fans.
Smartsheet (NYSE: SMAR) has been recognized as the Best Enterprise Software Vendor in the 2020 Enterprise Awards by Constellation Research. This accolade highlights the platform's adaptability and enterprise readiness during challenging times, particularly in supporting organizations through the COVID-19 pandemic. Analysts noted Smartsheet's significant impact by providing essential resources to businesses. The recognition reflects Smartsheet's strong market position and commitment to innovation, emphasizing its role in transforming the future of work.
Smartsheet (NYSE: SMAR) announced that its President & CEO, Mark Mader, will present at the 23rd Annual Needham Virtual Growth Conference on January 12, 2021, at 10:45 a.m. ET. Investors can access a live webcast of the presentation on Smartsheet's investor website, with a replay available afterward. This event emphasizes Smartsheet's commitment to aligning technology and people to drive innovation and efficiency.
Smartsheet (NYSE: SMAR) has been recognized by Comparably for outstanding workplace culture, earning awards for Best Company Culture and Best Companies for Women. This acknowledgment reflects the company's commitment to diversity, inclusivity, and career growth opportunities. Additionally, Smartsheet has received Great Place to Work certification, with 70% of employees reporting a positive experience. These accolades reinforce Smartsheet's strategy of fostering a supportive workplace environment, which is crucial for attracting talent and driving business innovation.
Smartsheet (NYSE: SMAR) has been selected by Delivery Hero, the leading local delivery platform, to enhance work management and visibility. Delivery Hero aims to eliminate manual processes and improve efficiency across 400 cities in 40 markets. By implementing Smartsheet, it achieved a 25% time reduction in weekly task completion, enabling focus on growth-oriented activities. The collaboration with Agile Management Experts helped optimize workflows and accelerate project execution. This partnership underscores Smartsheet's role in driving productivity and value creation for global organizations.
Smartsheet (NYSE: SMAR) has appointed Pete Godbole as Chief Financial Officer, succeeding Jennifer Ceran, who is retiring. Godbole, a veteran in the enterprise software industry, previously held the CFO position at Hearsay and GoodData, and spent considerable time at VMWare. CEO Mark Mader emphasized Godbole's expertise will drive growth and strengthen Smartsheet's position in the Collaborative Work Management market. Ceran will assist in the transition to ensure continuity. The company's focus on innovation and effective financial strategies is expected to enhance shareholder value.
Smartsheet Inc. (NYSE: SMAR) reported a strong third quarter for fiscal 2021, achieving $98.9 million in total revenue, marking a 38% year-over-year increase. Subscription revenue rose 41% to $90.9 million. Despite a GAAP operating loss of $35.9 million, a reduction from 45% of total revenue last year, non-GAAP losses improved significantly. The company expected fourth-quarter revenue between $102 million and $103 million, reflecting continued growth. Additionally, Smartsheet announced Pete Godbole as the new CFO.
Smartsheet (NYSE: SMAR) announced a partnership with San Diego State University (SDSU) and OCMI to manage large capital construction projects. SDSU is undertaking the largest capital program within the California State University system, using Smartsheet to enhance project efficiency and collaboration. The platform allows for customization, automates processes, and provides a comprehensive view of project data. This initiative includes the development of the 135-acre Mission Valley site, featuring a 35,000-seat stadium and various community facilities.
Smartsheet (NYSE: SMAR) has been recognized as a leader in The Forrester Wave™: Collaborative Work Management Tools, Q4 2020 report. The report assessed nine providers against 32 criteria, noting that Smartsheet scored the highest possible ratings in 14 categories, including security and product vision. The report highlights Smartsheet's strong position in addressing the evolving demand for dynamic work management in enterprises. Gene Farrell, Chief Product Officer, emphasized that this recognition validates Smartsheet's value in helping organizations adapt to future work environments.
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