Smartsheet Inc. (NYSE:SMAR) stock was up over 6% on expectation-beating second quarter results.
The software company generated $235.6 million in revenue, ahead of an analyst consensus forecast of $229.6 million.
Earnings came in at 16 cents per share beating modest expectations for 7 cents.
The work management software firm told investors it “outperformed across all aspects”.
Chief executive Mark Mader, in a statement, commented: “Our platform’s scalability continues to drive strong demand from enterprises looking for solutions to manage their mission-critical work securely and consistently.
“We remain focused on delivering innovation around generative AI and other areas to help our customers achieve more and to extend our leadership position in the enterprise work management market.”
Setting guidance for the third quarter, Smartsheet said it expects to report revenue between $240 million and $242 million, and, 8 to 9 cents of net income per share.
For the full year, it expects $950 million to $953 million of revenue, and net income of 53 to 57 per share.
In New York, Smartsheet stock was up 6.3% ahead of Friday’s open changing hands at $42.90 per share.