Smartsheet Inc. Announces First Quarter Fiscal Year 2019 Results

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Go back to Smartsheet Inc. Announces First Quarter Fiscal Year 2019 Results

Smartsheet (SMAR) Tops Q1 EPS by 6c, Beats on Revenues; Offers FY19 EPS/Revenue Outlook Above Consensus

June 4, 2018 4:12 PM EDT

Smartsheet (NYSE: SMAR) reported Q1 EPS of ($0.12), $0.06 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $36.3 million versus the consensus estimate of $33.16 million.

We had a strong start to the year with revenue in the first quarter growing 63 percent year-over-year, said Mark Mader, CEO of Smartsheet. Our software empowers business users to deliver work at scale faster and with better visibility, and these capabilities continue to resonate with customers and prospects around the world."

Our revenue growth was driven by healthy expansion rates from our existing customers, the addition of... More