Reports Q4 revenue $149.9M , consensus $141.23M."Q4 capped off an amazing year, exceeding our expectations on both the top and bottom lines," said monday.com founder and co-CEO, Roy Mann. "We finished FY’22 with strong revenue growth, improving efficiency, and positive free cash flow for the second consecutive year. Despite macro uncertainties, we believe we are well positioned for the road ahead." "We continue to see strong new customer demand for our products, adding more than 34,000 net new customers during the year," said monday.com founder and co-CEO, Eran Zinman. "Customers are turning to monday.com to help them execute more strategically and efficiently, and we remain confident in the long-term opportunity ahead as we continue to provide solutions that are core to our customers’ use cases." "Our performance in Q4 and FY’22 demonstrates that monday.com continues to drive growth and profitability at scale," said Eliran Glazer, monday.com CFO. "These strong results make us even more confident in reaching our targets in both the short- and long-term, and we expect to again be free cash flow positive in FY’23."
Published first on TheFly
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