Monday.com shares soared in premarket trading Monday after the company reported better-than-expected Q4 results and offered an upbeat outlook for the first quarter of fiscal 2025. The project management software maker reported earnings per share (EPS) of $1.08, surpassing analyst estimates of $0.79. The company's revenue jumped 32% year-over-year to $268 million, also ahead of the consensus forecast of $261.37 million.
For the current quarter, Monday.com expects revenue between $274 million and $276 million, compared to the consensus estimate of $273.9 million. Full-year 2025 revenue is projected at $1.21 billion to $1.22 billion, in line with the consensus forecast of $1.21 billion.
The company's strong Q4 performance and upbeat outlook for the current quarter reflect its rapid product innovation and focus on go-to-market execution, driving strong demand across customers of all sizes. Monday.com's expansion of its product suite with monday service, which is already seeing rapid adoption from both existing and new customers, further enhances its competitiveness in the market.
Monday.com's AI Vision, which aims to address the unique challenges businesses and employees encounter, is expected to give SMBs and mid-market companies a competitive advantage to scale and shift business dynamics without increasing resources. For enterprise and Fortune 500 companies, AI will accelerate processes often slowed by scale.
The company's approach to AI, which embeds intelligence into products customers already know and use, ensures that AI serves customers rather than the other way around. This productization of AI ensures that intelligence serves customers and not the other way around.
Monday.com's flexible and transparent pricing model for AI Blocks, which includes 500 free AI Credits per month and additional credits available through buckets that scale with usage, makes AI accessible to organizations of all types and sizes. The company's focus on transparency, explainability, and ease of adoption ensures that its AI is intuitive, practical, and transformative for organizations of all types and sizes.
In conclusion, Monday.com's strong Q4 performance and upbeat outlook for the current quarter reflect the company's rapid product innovation, focus on go-to-market execution, and expansion of its product suite. The company's AI Vision, which aims to address the unique challenges businesses and employees encounter, is expected to give SMBs and mid-market companies a competitive advantage to scale and shift business dynamics without increasing resources. The company's flexible and transparent pricing model for AI Blocks, along with its focus on transparency, explainability, and ease of adoption, ensures that its AI is accessible, practical, and transformative for organizations of all types and sizes.
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