Smartsheet Inc. Announces Second Quarter Fiscal Year 2020 Results
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Smartsheet (SMAR) Tops Q2 EPS by 8c; Offers Q3 EPS/Revenue Guidance Above Consensus. Affirms FY20 EPS/Revenue Outlook
September 4, 2019 4:13 PM EDTSmartsheet (NYSE: SMAR) reported Q2 EPS of ($0.08), $0.08 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $64.6 million versus the consensus estimate of $63.52 million.
Second Quarter Fiscal 2020 Financial Highlights
Revenue: Total revenue was $64.6 million, an increase of 53% year over year. Subscription revenue was $58.3 million, an increase of 56% year over year. Professional services revenue was $6.3 million, an increase of 29% year over year.Operating Loss: GAAP operating loss was $20.9 million, or 32% of total revenue, compared to GAAP operating loss of $13.0 million, or 31% of total revenue, in the second quarter of fiscal... More