Monday.Com Ltd. ( (MNDY) ) has released its Q3 earnings. Here is a breakdown of the information Monday.Com Ltd. presented to its investors.
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Monday.Com Ltd., a technology company specializing in work management platforms, reported strong financial performance in the third quarter of 2024, highlighted by a significant milestone of surpassing $1 billion in annual recurring revenue (ARR). The company’s revenue reached $251 million, marking a 33% year-over-year growth with a gross margin of 90%. The net dollar retention rate increased to 111%, reflecting improved customer retention and expansion. The company’s strategic initiatives include expanding product offerings, enhancing global presence, and integrating AI capabilities across its platform. As Monday.Com looks to the future, management remains confident in continuing its growth trajectory while adapting to the evolving work landscape.
