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Benzinga
Benzinga
Business
Avi Kapoor

These Analysts Cut Their Forecasts On Monday.com Following Q2 Results

mondaycom MNDY
Konskie,,Poland,-,May,11,,2024:,Monday.com,Company,Logo,Displayed

Monday.com Ltd. (NASDAQ:MNDY) reported a rise in sales for the second quarter on Monday.

The software company posted revenue of $299 million, up 27% year over year, driven by strong demand from enterprise customers and growth in its customer base. The company also added a record number of net new customers generating over $100,000 in annual recurring revenue (ARR), while its monday CRM product reached $100 million in ARR just three years after launch.

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