Smartsheet (SMAR) Tops Q3 EPS by 7c, Revenues Beat; Offers FY19 EPS/Revenue Guidance Above Consensus

Smartsheet (NYSE: SMAR) reported Q3 EPS of ($0.09), $0.07 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $46.9 million versus the consensus estimate of $44.14 million.

"Our momentum continued in Q3 with revenue growing 59% year-over-year and dollar-based net retention rate reaching a record 132%," said Mark Mader, CEO of Smartsheet. "Our growth demonstrates that for many of our largest and fastest-growing customers, Smartsheet has become a mission-critical work execution platform that delivers operationally important solutions across their businesses."

"Off of strong billings and collections, we generated $2.4 million of positive operating cash flow while continuing to make substantial investments in the business," said Jennifer Ceran, CFO of Smartsheet.

GUIDANCE:

Smartsheet sees FY2019 EPS of ($0.44)-($0.42), versus the consensus of ($0.53). Smartsheet sees FY2019 revenue of $174.6-175.6 million, versus the consensus of $168.53 million.

For earnings history and earnings-related data on Smartsheet (SMAR) click here.

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