Monday.Com Ltd. (MNDY) has released an update.
Monday.com Ltd. has reported a robust start to 2024, with a 34% year-over-year increase in first-quarter revenues amounting to $216.9 million and a notable 48% growth in customers with over $50k ARR. Highlighting a record-breaking quarterly free cash flow, the company also saw substantial growth and profitability, with both monday sales CRM and monday dev now available to all users. The positive trend is expected to continue as the company forecasts significant revenue growth and free cash flow for the rest of the year.
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