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 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.
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