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Stock impact report

Reflecting On Productivity Software Stocks' Q4 Earnings: Monday.com (NASDAQ:MNDY) [Yahoo! Finance]

monday.com Ltd. - Ordinary Shares (MNDY) 
Company Research Source: Yahoo! Finance
Rising employee costs and the shift to more remote work has increased the ever-present pressure to improve corporate productivity, which in turn has driven rising demand for productivity software that enables remote work, streamline project management and automate business tasks. The 17 productivity software stocks we track reported a mixed Q4. As a group, revenues beat analysts' consensus estimates by 1.3% while next quarter's revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 19.7% since the latest earnings results. Founded in 2014 and named after the dreaded first day of the work week, Monday.com (NASDAQ:MNDY) is a software-as-a-service platform that helps organizations plan and track work efficiently. Monday.com reported revenues of $268 million, up 32.3% year on year. This print exceeded analysts' expectations by 2.5%. Overall, it was a strong quarter for the company with a solid beat of analy Show less Read more
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