Smartsheet reports Q2 ARR up 17% y/y

Reports Q2: Annualized recurring revenue (“ARR”) was $1.093 billion, an increase of 17% year over year; Average ARR per domain-based customer was $10,291, an increase of 16% year over year; Dollar-based net retention rate was 113%; Number of all customers with ARR of $100,000 or more grew to 2,056, an increase of 23% year over year; Number of all customers with ARR of $50,000 or more grew to 4,140, an increase of 17% year over year; Number of all customers with ARR of $5,000 or more grew to 20,198, an increase of 6% year over year.