2024

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">In the latest financial quarter, monday.com Ltd. (NASDAQ: MNDY), a leading Work Operating System (Work OS) provider, showcased a remarkable performance, signaling strong growth and operational efficiency. <br><br>The company reported <a href="https://s29.q4cdn.com/881027206/files/doc_financials/2023/q4/Q4-23-PR-monday-com-Feb2024.pdf" target="_blank" aria-label="fourth-quarter revenue (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">fourth-quarter revenue</a> of $202.6 million, marking a significant 35% year-over-year increase. This growth is attributed to the increasing adoption of monday.com’s platform, particularly evident in the surge of customers with over $50k in Annual Recurring Revenue (ARR), which grew by an impressive 56% compared to the previous year. </p> 
<h3 id="monday-com-reports-0-69-non-gaap-eps-in-q4">Monday.com Reports $0.69 non-GAAP EPS in Q4</h3> 
<p>Compared to the anticipations set for the quarter, monday.com’s performance notably exceeded expectations. Analysts had projected earnings per share (<a href="https://tokenist.com/investing/fundamental-analysis-stocks/" rel="dofollow" class="deco-link">EPS</a>) of $0.32 and revenue of $197.95 million. The actual outcomes, with revenue exceeding $202 million and EPS figures showing a substantial increase to $0.69 (non-GAAP basis), reflect the company’s robust operational strategy and its effectiveness in navigating the challenges posed by the economic and geopolitical landscape. <br><br>This overachievement is a testament to the company’s innovative technological advancements and infrastructure upgrades, such as mondayDB and the launch of mondayAI, which have significantly contributed to its competitive edge and customer satisfaction.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p> 
 </div> 
</div> 
<h3 id="optimistic-targets-for-coming-fiscal-year">Optimistic Targets for Coming Fiscal Year</h3> 
<p>Looking ahead, monday.com has set optimistic targets for the coming fiscal year, reflecting confidence in its strategic direction and growth trajectory. For the first quarter of fiscal year 2024, the company expects total revenue to be between $207 million and $211 million, indicating a year-over-year growth of 28% to 30%. Furthermore, the guidance for the full year of 2024 projects a total revenue of $926 million to $932 million, alongside anticipated non-GAAP operating income of $58 million to $64 million. These projections not only emphasize monday.com’s commitment to sustaining top-line growth but also highlight its focus on achieving operational efficiency and market share expansion in the face of ongoing economic and geopolitical uncertainties.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/monday-com-mndy-surges-with-35-year-over-year-revenue-growth-in-q4/">monday.com (MNDY) Surges with 35% Year-Over-Year Revenue Growth in Q4</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

monday.com (MNDY) Surges with 35% Year-Over-Year Revenue Growth in Q4

Table of Contents

Tokenist

Other articles published on Feb 12, 2024

Getting Started With Staking On Cryptology.com

Bitcoin (BTC) Price Rally Halts at $50,000 Ahead of US CPI Data

This Is Why 100,000 Solana Phones Have Been Pre-Ordered

Analyst Predicts Major Upward Moves for Solana and Sei

Here are the Top Two Reasons Why a Strong AltSeason is on the Horizon

After Bitcoin Breaches $50,000, Major Bearish Analyst il Capo of Crypto Reveals New Insights

Join our free newsletter for daily crypto updates!