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Stock impact report

A Look Back at Project Management Software Stocks' Q2 Earnings: Smartsheet (NYSE:SMAR) Vs The Rest Of The Pack [Yahoo! Finance]

Smartsheet Inc. Class A (SMAR) 
Last smartsheet inc. class a earnings: 3/17 04:21 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The future of work requires teams to collaborate across departments and remote offices. Project management software is both driving this change and benefiting from it. While the trend of collaborative work management has been strong for a while, the Covid pandemic has definitively accelerated the demand for tools that allow work to be done remotely. The 4 project management software stocks we track reported a satisfactory Q2. As a group, revenues beat analysts' consensus estimates by 1.2% while next quarter's revenue guidance was in line. After much suspense, the Federal Reserve cut its policy rate by 50bps (half a percent) in September 2024. This marks the central bank's first easing of monetary policy since 2020 and the end of its most pointed inflation-busting campaign since the 1980s. Inflation had begun to run hot in 2021 post-COVID due to a confluence of factors such as supply chain disruptions, labor shortages, and stimulus spending. While CPI (inflation) readings have bee Show less Read more
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