Smartsheet Stock Jumps On Q1 Earnings Beat, Management Sees ‘Pivotal Year’ Ahead



Smartsheet Inc (NYSE:SMAR) shares are trading higher in Wednesday’s after-hours session on the heels of the company’s first-quarter financial results. Here’s a rundown of the report.

Q1 Revenue: $263 million, versus estimates of $258.28 million

Q1 EPS: 32 cents, versus estimates of 27 cents

Total revenue was up 20% year-over-year in the first quarter. Annualized recurring revenue grew 19% year-over-year to $1.056 billion. Operating cash flow came in at $50.1 million. Smartsheet said it generated free cash flow of $45.7 million in the quarter.

Smartsheet ended …

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