Monday.com (MNDY) has released an update.
Monday.com, a multi-product platform for work management, has reported a significant second quarter revenue increase of 34% year-over-year to $236.1 million, alongside achieving GAAP operating profitability for the first time and a record non-GAAP operating income. The company also marked a milestone by closing its largest deal ever, an 80,000-seat agreement. These financial achievements underscore the company’s strong performance and growing market demand, even amidst challenging economic conditions.
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