Monday.Com For 2024 Expects Total Revenue Of $942M-$948M (Prior $926M-$932M) Vs. $935.28M Est
Portfolio Pulse from Benzinga Newsdesk
Monday.com has updated its revenue guidance for 2024, expecting total revenue between $942 million and $948 million, up from the previous estimate of $926 million to $932 million. This represents a year-over-year growth of 29% to 30%. The company also expects non-GAAP operating income of $77 million to $83 million, an operating margin of 8% to 9%, and free cash flow of $238 million to $244 million with a free cash flow margin of 25% to 26%.
May 15, 2024 | 11:08 am
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Monday.com has raised its revenue guidance for 2024, expecting total revenue between $942 million and $948 million, up from the previous estimate of $926 million to $932 million. This represents a year-over-year growth of 29% to 30%. The company also expects non-GAAP operating income of $77 million to $83 million, an operating margin of 8% to 9%, and free cash flow of $238 million to $244 million with a free cash flow margin of 25% to 26%.
The updated revenue guidance and positive financial metrics indicate strong growth prospects for Monday.com. This is likely to have a positive short-term impact on the stock price as investors react to the improved outlook.
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