Smartsheet Inc. Announces First Quarter Fiscal Year 2020 Results
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Smartsheet Inc. (SMAR) PT Raised to $54 at RBC Capital
June 6, 2019 6:28 AM EDTRBC Capital analyst Ross MacMillan raised the price target on Smartsheet Inc. (NYSE: SMAR) to $54.00 (from $53.00) while maintaining a Outperform rating.
SMAR reported a strong F1Q, growing billings 52% Y/Y and matching its best net retention... MoreSmartsheet (SMAR) Tops Q1 EPS by 6c, Revenues Beat; Offers Q2/FY20 Revenue Guidance Above Consensus
June 5, 2019 4:11 PM EDTSmartsheet (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 $56.2 million versus the consensus estimate of $54.57 million.
First Quarter Fiscal 2020 Financial Highlights
Revenue: Total revenue was $56.2 million, an increase of 55% year over year. Subscription revenue was $50.3 million, an increase of 57% year over year. Professional services revenue was $5.9 million, an increase of 38% year over year.Operating Loss: GAAP operating loss was $20.9 million, or 37% of total revenue, compared... More