Smartsheet Benefits From Growing Customer Base and AI Adoption
Smartsheet(SMAR) ZACKS·2024-10-10 23:06
Smartsheet (SMAR) is benefiting from a growing customer base, enhanced product features and the increasing adoption of AI tools. In second-quarter fiscal 2025, SMAR registered strong growth in the enterprise segment, with 75 customers increasing its annual recurring revenue (ARR) by more than $100,000 and three transactions exceeding $1 million, including one more than $4 million. The number of customers with ARR of more than $1 million surged 50% year over year and totaled 77. SMAR ended the quarter with a ...