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.
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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 a strong third quarter for fiscal 2022, with total revenue of $144.6 million, marking a 46% year-over-year increase. Subscription revenue also rose 46% to $132.6 million. Despite a GAAP net loss of $36.7 million, slightly higher than last year's $32.0 million, the company saw positive trends in customer growth, with a 27% increase in customers with ACV over $5,000. For Q4, Smartsheet projects revenue between $151 million and $152 million, indicating a 37% to 38% growth.
Smartsheet (NYSE: SMAR) has announced a partnership with Special Olympics Inc. (SOI) to enhance project management and collaboration among its teams and athletes. More than 80% of SOI teams currently utilize Smartsheet, resulting in improved transparency and efficiency, saving approximately 45 hours monthly by consolidating project workflows. The partnership aims to empower SOI in managing projects and automating workflows, ultimately benefiting athletes and enhancing organizational effectiveness.
Smartsheet Inc. (NYSE: SMAR) has announced changes to its executive leadership team as it positions itself for future growth. Key appointments include Praerit Garg as chief product officer and executive VP of engineering, Stephen Branstetter as chief operating officer, and Jolene Marshall as chief legal officer. The company also raised its Q3 fiscal year 2022 revenue guidance, projecting earnings between
Smartsheet (NYSE:SMAR) announced its partnership with McLaren Racing, becoming the official technology partner for the McLaren Formula 1 team during the 2021 Brazilian Grand Prix. This alliance aims to support digital transformation within McLaren's operations by integrating Smartsheet's technology, focusing initially on asset management for fan engagement and race operations. The Smartsheet brand will be featured prominently on McLaren's race cars and team apparel from the 2022 season onward, representing a significant branding opportunity for Smartsheet in a global sports arena.
Smartsheet (NYSE: SMAR) hosted over 40,000 solution builders at ENGAGE, showcasing innovations that tackle modern work challenges. Key announcements include the launch of Portfolio WorkApps and DataTable capabilities for enhanced project management and data security. Additionally, the company revealed regional content hosting in Frankfurt to meet EU compliance needs. New integrations with Webex and Adobe Creative Cloud aim to streamline collaboration. These developments reflect Smartsheet’s commitment to empowering organizations with effective tools for dynamic work.
Smartsheet (NYSE:SMAR) has launched Smartsheet Regions in the EU, specifically hosting content in Frankfurt, Germany, enhancing data compliance for global customers. This initiative supports regional governance requirements. Additionally, Smartsheet has partnered with Bechtle, a major EU IT provider, to expand its reach in Germany, Austria, and Switzerland. The company is also increasing its local workforce in Germany to better serve its growing customer base. These efforts aim to bolster digital transformation and improve customer experience.
Smartsheet, recognized as a leader in Project and Portfolio Management and Digital Asset Management software by G2, achieved a remarkable satisfaction score of 99/100. This recognition reflects the effectiveness of its platform in enhancing workflows and collaboration in hybrid work settings. Brandfolder, acquired by Smartsheet, also secured the top position in Digital Asset Management following fifteen consecutive quarters of leadership. The press release highlights customer endorsements from notable organizations like Ogilvy and Roche, reinforcing Smartsheet's role in facilitating dynamic change through its solutions.
Smartsheet Inc. (NYSE: SMAR) announced that its President & CEO, Mark Mader, will present at Citi's 2021 Global Technology Virtual Conference on September 13, 2021, at 11:20 a.m. Eastern Time. A live webcast will be available on Smartsheet’s investor website, with a replay accessible afterward. Smartsheet is an enterprise platform that enhances organizational efficiency and innovation by aligning people and technology. For more details, visit Smartsheet's investor site.
UiPath reported second-quarter fiscal 2022 results, showcasing a remarkable 60% year-over-year growth in Annual Recurring Revenue (ARR), reaching $726.5 million. The company added $73.9 million in net new ARR, with a robust customer base of over 9,100 and a 144% dollar-based net retention rate. Revenue increased 40% to $195.5 million, supported by strong operational execution. The company anticipates fiscal third-quarter ARR between $796 million and $798 million, reflecting ongoing growth amid investments in its partner ecosystem and product integrations.
