monday.com announced that it has reached $1B in annual recurring revenue or ARR. The company recently achieved this significant financial milestone, just a decade after it launched its Work Operating System or Work OS,and eight years since it reached $1M in ARR…. “Hitting $1 billion in ARR is an exciting milestone on our journey to take on the immense opportunity in the work software industry. We believe software can be both a platform that people love and an effective way to solve core business challenges in a scalable and robust way. We wouldn’t have achieved this without our dedicated monday.com team, partners, and customers.” .
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MNDY:
- Monday.com price target raised to $340 from $280 at Tigress Financial
- Monday.com price target raised to $250 from $230 at DA Davidson
- Monday.com price target raised to $285 from $245 at Loop Capital
- Monday.com price target raised to $300 from $270 at Jefferies
- Monday.com price target raised to $300 from $275 at TD Cowen