Smartsheet Inc Q1 2023 Earnings Call Summary - Thomson StreetEvents

Smartsheet Inc Q1 2023 Earnings Call Summary

Smartsheet Inc Q1 2023 Earnings Call Summary - Thomson StreetEvents
Smartsheet Inc Q1 2023 Earnings Call Summary
Published Jun 07, 2022
16 pages (9060 words) — Published Jun 07, 2022
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of SMAR.N earnings conference call or presentation 7-Jun-22 8:30pm GMT

  
Brief Excerpt:

...A. Highlights: Revenue $168.3m. 1. Grew 44% YoverY. a. 2. Billings $180.1m. Grew 36% YoverY. a. 3. Continues to see success on each of land, expand and climb aspects of Co.'s go-to-market motion. On land dimension, previously-discussed investments in simplifying packaging and on-boarding process are paying off. a. 1Q was a record qtr. for new customer bookings and highest net logo growth experienced since Co.'s IPO. i. b. On both land and expand dimensions, net new plans added in 1Q increased by more than 4 times vs. 1Q22. c. On climb dimension, saw 57 domains expanded SMAR investment by $100,000 or more in 1Q. i. Up 97% YoverY, including an expansion of over $1m. 4. Saw churn rate improved to record low of 4%. Finished the qtr. with more than 10.5m Smartsheet users. a. 5. Now has 33 customers with ARR over $1m and three customers that have [over] 125,000 Smartsheet users. 6. Continues to provide best-in-class value in the category, as Co.'s collaborator model allows SMAR to achieve broad...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Smartsheet Inc
Ticker
SMAR.N
Time
8:30pm GMT
Format:
PDF Adobe Acrobat
Buy Now

The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Pinjalim Bora - JPMorgan Chase & Co, Research Division - Analyst : Pete, I wanted to ask you on the guidance, understanding that you have put a macro buffer in the billings guidance. Any way to understand the magnitude of that buffer? Is it -- are you kind of taking off 2 points of growth or more? I mean, any way to help investors understand that? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 07, 2022 / 8:30PM, SMAR.N - Q1 2023 Smartsheet Inc Earnings Call

Question: Pinjalim Bora - JPMorgan Chase & Co, Research Division - Analyst : Got it. Understood. And one for Mark. Mark, -- can you talk about maybe the wall-to-wall deployments, what are you hearing from customers into 2 different ways? Like one, are you hearing customers talk more about wanting to go wall to wall with Smartsheet? And two, how would you assess Smartsheet's ability at this point to drive organic wall-to-wall expansions from a product and process standpoint?

Table Of Contents

Smartsheet Inc Q3 2023 Earnings Call Summary – 2022-12-01 – US$ 54.00 – Edited Brief of SMAR.N earnings conference call or presentation 1-Dec-22 9:30pm GMT

Smartsheet Inc at Citi Global Technology Conference Transcript – 2022-09-08 – US$ 54.00 – Edited Transcript of SMAR.N presentation 8-Sep-22 1:45pm GMT

Smartsheet Inc Q2 2023 Earnings Call Summary – 2022-09-01 – US$ 54.00 – Edited Brief of SMAR.N earnings conference call or presentation 1-Sep-22 8:30pm GMT

Smartsheet Inc Q2 2023 Earnings Call Transcript – 2022-09-01 – US$ 54.00 – Edited Transcript of SMAR.N earnings conference call or presentation 1-Sep-22 8:30pm GMT

Smartsheet Inc Q1 2023 Earnings Call Transcript – 2022-06-07 – US$ 54.00 – Edited Transcript of SMAR.N earnings conference call or presentation 7-Jun-22 8:30pm GMT

Smartsheet Inc at Wolfe Research Software's "March Madness" Conference (Virtual) Transcript – 2022-03-23 – US$ 54.00 – Edited Transcript of SMAR.N presentation 23-Mar-22 5:05pm GMT

Smartsheet Inc Q4 2022 Earnings Call Summary – 2022-03-15 – US$ 54.00 – Edited Brief of SMAR.N earnings conference call or presentation 15-Mar-22 8:30pm GMT

Smartsheet Inc Q4 2022 Earnings Call Transcript – 2022-03-15 – US$ 54.00 – Edited Transcript of SMAR.N earnings conference call or presentation 15-Mar-22 8:30pm GMT

Smartsheet Inc at Needham Growth Conference (Virtual) Transcript – 2022-01-10 – US$ 54.00 – Edited Transcript of SMAR.N presentation 10-Jan-22 7:45pm GMT

Smartsheet Inc Investor Day Transcript – 2022-01-07 – US$ 54.00 – Edited Transcript of SMAR.N corporate analyst meeting</ 7-Jan-22 5:00pm GMT

More from Thomson StreetEvents

Thomson StreetEvents—Thomson StreetEvents is a leading provider of Web-based solutions for the investment community, offering services that transform the way companies communicate and meet disclosure requirements while assisting investors in managing and leveraging this information. Thomson StreetEvents service offers institutional investors a one-stop solution for managing corporate disclosure information by aggregating conference calls, webcasts, transcripts, call summaries, and other financial information into a time-saving, efficiency tool.
Purchase Thomson StreetEvents' Transcripts (verbatim reports) and Briefs (call summaries) of earnings, guidance, M&A and other corporate calls directly through Alacra. Discounted prices apply to reports produced over two weeks ago.

About the Author


Cite this Report

  
MLA:
Thomson StreetEvents. "Smartsheet Inc Q1 2023 Earnings Call Summary" Jun 07, 2022. Alacra Store. May 22, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2023-Smartsheet-Inc-Earnings-Call-B15214225>
  
APA:
Thomson StreetEvents. (2022). Smartsheet Inc Q1 2023 Earnings Call Summary Jun 07, 2022. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2023-Smartsheet-Inc-Earnings-Call-B15214225>
  
US$ 54.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.