Monday.com Q2 Results Show 42% Revenue Growth, Elevated Customer Retention, AI Assistant Launch
Portfolio Pulse from Anusuya Lahiri
Monday.com Ltd (NASDAQ:MNDY) reported Q2 2023 revenue growth of 42% Y/Y to $175.7 million, beating the consensus of $169.2 million. The net dollar retention rate was over 110%, and the number of paid customers with over $50,000 in annual recurring revenue rose 63% Y/Y. The company also reported a non-GAAP operating margin of 9% and non-GAAP EPS of $0.41. The company raised its 2023 revenue guidance to $713 million-$717 million and expects an adjusted operating income of $24 million-$28 million.
August 14, 2023 | 1:06 pm
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Monday.com reported strong Q2 2023 results with revenue growth of 42% Y/Y, beating consensus. The company also raised its 2023 revenue guidance and expects higher adjusted operating income.
Monday.com reported strong Q2 2023 results, beating consensus estimates. The company's revenue growth, increased net dollar retention rate, and raised 2023 revenue guidance indicate a positive outlook, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100