07:29 AM EDT, 08/12/2024 (MT Newswires) -- Monday.com ( MNDY ) reported Q2 non-GAAP net income Monday of $0.94 per diluted share, up from $0.41 a year earlier.

Analysts polled by Capital IQ expected $0.56.

Revenue for the quarter ended June 30 was $236.1 million, compared with $175.7 million a year earlier.

Analysts polled by Capital IQ expected $229.1 million.

The company said it expects Q3 revenue of $243 million to $247 million. Analysts polled by Capital IQ expect $243 million.

For the full year, monday.com ( MNDY ) raised its revenue outlook to between $956 million and $961 million from the previous range of $942 million to $948 million. Analysts polled by Capital IQ expect $947.9 million.

Shares of monday.com ( MNDY ) were up over 7% premarket.

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