Monday.com Q2 Earnings: High Customer Retention And Rising ARR, Guidance Hike And More
Portfolio Pulse from Anusuya Lahiri
Monday.com Ltd (NASDAQ:MNDY) reported strong Q2 2024 earnings, with revenue and EPS beating analyst estimates. The company showed high customer retention and rising ARR, leading to a stock price increase. Guidance for Q3 and 2024 was also raised.
August 12, 2024 | 12:24 pm
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Monday.com Ltd (NASDAQ:MNDY) reported strong Q2 2024 earnings, beating revenue and EPS estimates. The company showed high customer retention and rising ARR, leading to a stock price increase. Guidance for Q3 and 2024 was also raised.
Monday.com reported better-than-expected Q2 earnings, with significant revenue growth and high customer retention rates. The company also raised its guidance for Q3 and 2024, indicating strong future performance. These positive results and outlook have led to an 8.48% increase in the stock price premarket.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100