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Software firm Monday.com’s revenue jumps 33% in 2024
Monday.com, a developer of workplace productivity tools, reported US$972 million in revenue for 2024.
A 33% increase that exceeded Wall Street estimates by US$10 million.
The company posted earnings of US$0.62 per-share, reversing a US$0.04 per-share loss in 2023, while cash flow from operations rose to US$311 million from US$215 million.
First-quarter revenue is forecasted between US$274 million and US$276 million, with continued expansion in profitability.
Monday.com will launch its AI assistant, Monday Expert, in Q2 2025 and introduce Monday Service for managing internal service operations.
Recent Monday.com developments
| Timeline |
|---|
31-Jan-2025 🏢 Software firm Monday.com expands office, grows globally
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31-Aug-2023 🚀 OpenAI rival banks $155m from Google, others at $1.4b valuation
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22-May-2023 📈 Sydney-based Work Perfect expands into Singapore
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03-May-2023 💼 Mercu raises $1.6m, aims to transform the ‘deskless’ workforce
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