Smartsheet gave a solid performance in the quarter that reflected narrower-than-expected losses and durable growth. It saw particular strength among its enterprise customers, with these customers continuing to deploy its capability-based products for streamlining their mission-critical workflows. The quarter ended with over 11.7 million Smartsheet users. The company added many new customers this quarter, like Bonterra, Monster Energy, and Arizona Beverages. It expanded the footprint of Smartsheet significantly in Seattle Children’s Hospital, AGC Biologics, and Picasa, among others. This quarter, Smartsheet saw decent pipeline generation and quota attainment improvements. On the innovation front, Smartsheet launched various Smartsheet experiences and capabilities at the September ENGAGE conference and also its WorkApps portfolio. Also, it is deepening its investment in the PPM space by unveiling new resource management capabilities. We provide the stock of Smartsheet with a ‘Hold’ rating and a revision in the target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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