Smartsheet (SMAR) Q1 Earnings and Revenues Beat Estimates

Zacks Equity Research Published on June 06, 2019

Smartsheet Inc. (SMAR - Free Report) reported first-quarter fiscal 2020 non-GAAP loss of 12 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 18 cents. The bottom line was flat year over year.

Revenues surged 54.7% year over year to $56.2 million and surpassed the Zacks Consensus Estimate of $55 million. The year-over-year increase in revenues was driven by customer wins and growth in business value.

Smartsheet ended fiscal the first quarter with more than 5.1 million users.

Smartsheet Inc. Price, Consensus and EPS Surprise

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