financetom
Business
financetom
/
Business
/
Smartsheet Reports Higher Fiscal Q4 Earnings, Revenue; Fiscal 2025 Outlook Issued -- Shares Down After Hours
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Smartsheet Reports Higher Fiscal Q4 Earnings, Revenue; Fiscal 2025 Outlook Issued -- Shares Down After Hours
Mar 14, 2024 2:26 PM

04:54 PM EDT, 03/14/2024 (MT Newswires) -- Smartsheet ( SMAR ) reported fiscal Q4 non-GAAP earnings late Thursday of $0.34 per diluted share, up from $0.07 a year earlier.

Analysts polled by Capital IQ expected $0.18.

Revenue for the quarter ended Jan. 31 was $256.9 million, up from $212.3 million a year earlier.

Analysts expected $255.9 million.

For Q1, the company is projecting non-GAAP EPS of $0.26 to $0.27 on revenue of $257 million to $259 million. Analysts are looking for $0.20 and $263.7 million, respectively.

Smartsheet ( SMAR ) also sees fiscal 2025 non-GAAP EPS of $1.06 to $1.13 on revenue of $1.11 billion to $1.12 billion. The consensus view expects $0.93 and $1.14 billion, respectively.

Smartsheet ( SMAR ) also announced Andrew Bennett will step down as chief marketing officer on Friday to pursue other opportunities. It also said chief revenue officer Mike Arntz will retire March 31.

The company hired former Microsoft (MSFT) and Adobe (ADBE) executive Max Long to lead its new go-to-Market division.

Smartsheet ( SMAR ) shares were down 7% in after-hours activity.

Price: 37.5, Change: -2.8, Percent Change: -6.95

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
TD Notes U.S. Tariff-Induced Headaches in Canada
TD Notes U.S. Tariff-Induced Headaches in Canada
Mar 10, 2025
07:45 AM EDT, 03/10/2025 (MT Newswires) -- Canadians' necks are likely sore from following the back-and-forth of last week's United States tariff volleys, said TD. Beginning last Tuesday, the previously unthinkable happened -- the U.S. implemented 25% tariffs on Canadian and Mexican goods with a 10% tariff on energy. Over the next 72 hours, Canada doubled down on its retaliatory...
BRIEF-Netclass Technology buys Japan's Createsolutions to strengthen market position in Asia
BRIEF-Netclass Technology buys Japan's Createsolutions to strengthen market position in Asia
Mar 10, 2025
March 10 (Reuters) - NetClass Technology Inc ( NTCL ): * NETCLASS TECHNOLOGY INC. ( NTCL ) STRENGTHENS MARKET POSITION IN ASIA WITH STRATEGIC ACQUISITION OF JAPAN-BASED CREATESOLUTIONS CO., LTD. Source text: Further company coverage: ...
Applied Materials Raises Dividend, Authorizes Additional $10 Billion Share Buyback Program
Applied Materials Raises Dividend, Authorizes Additional $10 Billion Share Buyback Program
Mar 10, 2025
07:45 AM EDT, 03/10/2025 (MT Newswires) -- Applied Materials ( AMAT ) said Monday its board has approved a 15% increase in the company's quarterly cash dividend to $0.46 per share, payable on June 12 to shareholders of record as of May 22. The board also authorized a new $10 billion buyback of its shares over time, adding to a...
IBM wins UK lawsuit against LzLabs over alleged theft of mainframe technology
IBM wins UK lawsuit against LzLabs over alleged theft of mainframe technology
Mar 10, 2025
LONDON, March 10 (Reuters) - IBM ( IBM ) on Monday won a London lawsuit against U.S. tech entrepreneur and philanthropist John Moores' company LzLabs, which the IT giant accused of stealing trade secrets. IBM ( IBM ) sued Switzerland-based LzLabs, two English subsidiaries and their ultimate owner Moores, who previously owned Major League Baseball's San Diego Padres team and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved