monday.com Reports Q3 Revenue Growth and Provides Q4 Guidance Amid AI Strategy Shift
monday.com (MNDY) reported strong third-quarter financial results, highlighted by a 19% year-over-year revenue increase to $378 million. The company achieved record non-GAAP operating income of $89 million, representing a 24% non-GAAP operating margin. Management noted significant enterprise traction, with their largest customer deployment expanding to over 87,000 seats. Looking ahead to the fourth quarter, the company issued revenue guidance in the range of $380 million to $382 million. Strategically, monday.com is pivoting toward a hybrid AI pricing model and introducing 'monday Frontier' services to capitalize on growing demand for integrated artificial intelligence capabilities within its platform.
Tickers: $MNDY
Topics: customer deployment earnings report operating margin revenue growth
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Part of the story Monday.com Shares Decline Following Weak Q4 Revenue Guidance (3 articles)