Monday.com's Growth Plans and Stock Performance Amidst Mixed Q4 Results
TL;DR Summary
Despite underwhelming 2024 outlook, enterprise software company monday.com exceeded 2023 forecasts with $729.7 million in revenue and 41% growth. The company reported a better-than-expected fourth-quarter revenue of $202.6 million and improved profit margins, but its 2024 outlook disappointed investors with a projected slowdown in growth. Monday.com plans to recruit 600 new employees and pursue acquisitions to bolster its revenue line, aiming to reach close to a billion dollars in revenue for 2024.
Topics:business#2024-outlook#acquisitions#business-technology#enterprise-software#mondaycom#revenue-growth
- Monday.com eyeing acquisitions, 600 new employees, despite underwhelming 2024 outlook CTech
- Monday Earnings Top Views, Shares Slide On Revenue Outlook Investor's Business Daily
- Monday.com's (NASDAQ:MNDY) Q4: Beats On Revenue But Stock Drops Yahoo Finance
- Why Monday.com Stock Is Plummeting Today The Motley Fool
- monday.com Non-GAAP EPS of $0.65 beats by $0.33, revenue of $202.6M beats by $4.83M (NASDAQ:MNDY) Seeking Alpha
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