Smartsheet And The Citizen Developer Software Stack Investing

Smartsheet And The Citizen Developer Software Stack Investing Smartsheet and the citizen developer. december 26, 2019 poffringa. date of recommendation: december 26, 2019. closing stock price: $43.93. smartsheet (smar) is a leading provider of collaborative work management tools for enterprises. their flexible, no code platform allows users to automate common business workflows like project tracking. This automation is accomplished without writing custom code, allowing developers to focus on building higher value customer facing software. due to smartsheet’s rapidly growing product offering, the huge addressable market, its strong leadership team and consistent expansion within large enterprise customers, it should be considered as a long.

Smartsheet And The Citizen Developer Software Stack Investing Headline financial results (eps is non gaap) q1 fy2021 revenue of $85.5m, up 52% year year. this compares to the consensus estimate of $81.4m, which would have represented growth of 45%. smartsheet’s guidance from q4 earnings was for revenue of $82 83m. smartsheet beat estimates by 7% of annualized growth. As data is the largest ingredient to these enterprise ai development efforts, software vendors providing data processing and infrastructure services stand to benefit. ai has further elevated the value of data, incentivizing enterprise it leadership to review and accelerate efforts to improve their data collection, processing and storage. On march 17, smartsheet (smar) released earnings results for q4 fy 2020. overall, q4 results exceeded expectations and this year’s projections are encouraging, considering the macro environment. the market responded favorably, pushing the stock price up by 2.9% the following day, in spite of a broad sell off due to covid 19 concerns. Investment into these areas by enterprise it organizations should drive demand for product offerings from several of our favorite software stack companies. cio magazine's survey of 2020 priorities for it leaders highlighted improvements in analytics, customer support and workforce automation.