<div>
  <ul>
    <li>
      <p>
        Smartsheet reported a non-GAAP earnings per share of USD 0.07 in Q4 FY2023 (ending January), improving from a loss of USD 0.12 last year and beating analyst estimates for a loss of USD 0.01. On a full-year basis, non-GAAP net loss per share improved to USD 0.22 in FY2023 from USD 0.28 in FY2022. Total revenue increased by 34.9% YoY to USD 212.3 million in Q4 FY2023, exceeding analyst estimates and its own guidance by around 3%. On a full-year basis, Smartsheet reported a total revenue of USD 713.7 million in FY2023 (up 40.7% YoY). Despite beating earnings and revenue estimates, Smartsheet&rsquo;s stock closed 6% lower than its opening price following the earnings release.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Q4 revenue growth was supported by strong growth in subscription revenue which grew 36.5% YoY to USD 198.9 million. Customers with an annualized contract value (ACV) of more than USD 100,000 rose 45% YoY to 1,484, while the average ACV per domain-based customer grew by 27% YoY to USD 8,377, contributing to strong revenue growth.&nbsp;
      </p>
    </li>
    <li>
      <p>
        GAAP gross profit increased 34.8% YoY to USD 167.6 million in Q4 FY2023, with gross margin remaining relatively steady at 78.9%. The company&rsquo;s non-GAAP operating profit improved to USD 7.5 million in Q4 FY2023, from a loss of USD 14.5 million in Q4 FY2022. However, the full-year FY2023 non-GAAP operating loss worsened to USD 36 million (from USD 34.2 million in FY2022).
      </p>
    </li>
    <li>
      <p>
        The company guided Q1 FY2024 revenue to USD 213 million&ndash;215 million, implying a YoY growth of 27%&ndash;28%. Full-year revenue for FY2024 was guided to USD 943 million&ndash;948 million, implying a 23%&ndash;24% YoY growth. Meanwhile, The company also projected its non-GAAP operating loss to improve to USD 8 million&ndash;10 million for Q1 FY2024 (from USD 23.1 million in Q1 FY2023).
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://investors.smartsheet.com/press-releases/press-release-details/2023/Smartsheet-Inc.-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2023-Results/default.aspx">
      Press release
    </a>
  </p>
  <p>
    <a href="https://apnews.com/article/earnings-dff31c7af347ce1f379fd75c5c2e8705">
      AP News
    </a>
  </p>
  <p>
  </p>
</div>


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