These Analysts Cut Their Forecasts On Monday.com Following Q2 Results

Monday.com Ltd. (NASDAQ:MNDY) reported a rise in sales for the second quarter on Monday.

The software company posted revenue of $299 million, up 27% year over year, driven by strong demand from enterprise customers and growth in its customer base. The company also added a record number of net new customers generating over $100,000 in annual recurring revenue (ARR), while its monday CRM product reached $100 million in ARR just three years after launch.

Looking ahead, Monday.com expects third-quarter revenue of $311 million to $313 million, representing 24% to 25% growth. For the full year, the company projects revenue of $1.224 billion to $1.229 billion.

“Q2 marked another strong quarter for monday.com, with continued revenue growth and rapidly growing demand for our broad product suite, particularly from enterprise customers,” said monday.com co-founders and co-CEOs Roy Mann and Eran Zinman. “We continue to see evidence that our commitment to AI innovation is delivering real value ...