(MNDY) Surges with 35% Year-Over-Year Revenue Growth in Q4
Image courtesy of (MNDY) Surges with 35% Year-Over-Year Revenue Growth in Q4 Ltd. (NASDAQ: MNDY) reported a stellar fourth-quarter revenue of $202.6 million, surpassing expectations with a 35% year-over-year increase.
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In the latest financial quarter, Ltd. (NASDAQ: MNDY), a leading Work Operating System (Work OS) provider, showcased a remarkable performance, signaling strong growth and operational efficiency.

The company reported fourth-quarter revenue of $202.6 million, marking a significant 35% year-over-year increase. This growth is attributed to the increasing adoption of’s platform, particularly evident in the surge of customers with over $50k in Annual Recurring Revenue (ARR), which grew by an impressive 56% compared to the previous year. Reports $0.69 non-GAAP EPS in Q4

Compared to the anticipations set for the quarter,’s performance notably exceeded expectations. Analysts had projected earnings per share (EPS) of $0.32 and revenue of $197.95 million. The actual outcomes, with revenue exceeding $202 million and EPS figures showing a substantial increase to $0.69 (non-GAAP basis), reflect the company’s robust operational strategy and its effectiveness in navigating the challenges posed by the economic and geopolitical landscape.

This overachievement is a testament to the company’s innovative technological advancements and infrastructure upgrades, such as mondayDB and the launch of mondayAI, which have significantly contributed to its competitive edge and customer satisfaction.

Optimistic Targets for Coming Fiscal Year

Looking ahead, has set optimistic targets for the coming fiscal year, reflecting confidence in its strategic direction and growth trajectory. For the first quarter of fiscal year 2024, the company expects total revenue to be between $207 million and $211 million, indicating a year-over-year growth of 28% to 30%. Furthermore, the guidance for the full year of 2024 projects a total revenue of $926 million to $932 million, alongside anticipated non-GAAP operating income of $58 million to $64 million. These projections not only emphasize’s commitment to sustaining top-line growth but also highlight its focus on achieving operational efficiency and market share expansion in the face of ongoing economic and geopolitical uncertainties.

Disclaimer: The author does not hold or have a position in any securities discussed in the article.