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Smartsheet Reports Higher Fiscal Q4 Earnings, Revenue; Fiscal 2025 Outlook Issued -- Shares Down After Hours
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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

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