Smartsheet Inc. Announces Second Quarter Fiscal Year 2021 Results
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Smartsheet (SMAR) Tops Q2 EPS by 10c, Revenues Beat; Offers 3Q & FY21 Revenue Guidance Above Consensus, Provides 3Q & FY21 EPS Outlook
September 2, 2020 4:21 PM EDTSmartsheet (NYSE: SMAR) reported Q2 EPS of ($0.06), $0.10 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $91.2 million versus the consensus estimate of $86.57 million.
Second Quarter Fiscal 2021 Financial Highlights
Revenue: Total revenue was $91.2 million, an increase of 41% year over year. Subscription revenue was $83.6 million, an increase of 43% year over year. Professional services revenue was $7.6 million, an increase of 20% year over year.Operating Loss: GAAP operating loss was $26.7 million, or 29% of total revenue, compared to GAAP operating loss of $20.9 million, or 32% of total revenue, in the second quarter of fiscal... More