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Monday.com Surpasses Q1 Expectations with 80% EPS Growth and 30% Revenue Increase

The project management software provider forecasts steady Q2 growth as shares climb 5% following the earnings release.

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Overview

  • Monday.com reported Q1 adjusted earnings of $1.10 per share, an 80% increase year-over-year, exceeding analyst estimates of $0.70.
  • Revenue for the quarter rose 30% to $282.3 million, beating forecasts of $275.8 million.
  • Q2 revenue guidance was set at a midpoint of $293 million, aligning with market expectations.
  • Shares of Monday.com rose 5% to approximately $292 following the earnings announcement.
  • The company continues to demonstrate strong unit economics, with a 38% growth in high-ARR customers and an operating margin expansion of 400 basis points.