Smartsheet beats by $0.09, beats on revs; guides Q4 EPS in-line, revs above consensus, appoints Pete Godbole as Chief Financial Officer
Reports Q3 (Oct) loss of $0.12 per share, $0.09 better than the S&P Capital IQ Consensus of ($0.21); revenues rose 38.3% year/year to $98.9 mln vs the $94.57 mln S&P Capital IQ Consensus.The number of all customers with annualized contract values of $5,000 or more grew to 11,172, an increase of 33% yr/yr.Average ACV per domain-based customer increased to $4,665, an increase of 42% yr/yr.Dollar-based net retention rate was 125%.Co issues guidance for Q4, sees EPS of ($0.15)-($0.13) vs. ($0.13) S&P Capital IQ Consensus; sees Q4 revs of $102-$103 mln vs. $99.47 mln S&P Capital IQ Consensus. Sees calculated billings of $131-$134 million, representing year-over-year growth of 29% to 32%.New CFO Appointment: Co also announces Pete Godbole has joined the company as Chief Financial Officer. Godbole will succeed Jennifer Ceran, who is retiring and will remain with Smartsheet in the near term to facilitate a smooth transition.
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