Smartsheet Inc. Announces Third Quarter Fiscal Year 2020 Results

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Go back to Smartsheet Inc. Announces Third Quarter Fiscal Year 2020 Results

Smartsheet (SMAR) Tops Q3 EPS by 3c, Revenues Beat; Offers Q4 & FY20 EPS/Revenue Guidance

December 4, 2019 4:18 PM EST

Smartsheet (NYSE: SMAR) reported Q3 EPS of ($0.15), $0.03 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $71.5 million versus the consensus estimate of $69.76 million.

"We delivered another strong quarter in Q3 and are well-positioned for the future," said Mark Mader, President and CEO of Smartsheet. "We are demonstrating the ability to extend and expand across the enterprise and, most importantly, customers are realizing value and are leaning in."

Third Quarter Fiscal 2020 Financial Highlights

Revenue: Total revenue was $71.5 million, an increase of 53% year over year. Subscription revenue was $64.4 million, an... More