Categories: Web and IT News

Smartsheet Inc. Announces Fourth Quarter and Fiscal Year 2024 Results

  • Surpassed $1 billion in annualized recurring revenue in the fourth quarter
  • Fourth quarter total revenue grew 21% year over year to $256.9 million
  • Fourth quarter operating cash flow of $59.7 million and free cash flow of $56.3 million
  • Ended the year with cash, cash equivalents, and short-term investments of $628.8 million

BELLEVUE, Wash.–(BUSINESS WIRE)–$SMAR #earnings–Smartsheet (NYSE: SMAR), the enterprise work management platform, today announced financial results for its fourth fiscal quarter and fiscal year ended January 31, 2024.

“Strong demand from our enterprise customers helped us achieve the major milestone of $1 billion in annualized recurring revenue in Q4,” said Mark Mader, CEO of Smartsheet. “Looking forward, we’re setting the foundation for the next era of profitable growth with proven, more efficient go-to-market motions paired with enterprise-grade product innovation informed by decades of data, work patterns, and customer use cases.”

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