Smartsheet Inc Q3 2022 Earnings Call Summary - Thomson StreetEvents

Smartsheet Inc Q3 2022 Earnings Call Summary

Smartsheet Inc Q3 2022 Earnings Call Summary - Thomson StreetEvents
Smartsheet Inc Q3 2022 Earnings Call Summary
Published Dec 02, 2021
18 pages (10105 words) — Published Dec 02, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of SMAR.N earnings conference call or presentation 2-Dec-21 9:30pm GMT

  
Brief Excerpt:

...A. Highlights: Strong 3Q results saw acceleration of revenue and billings, continuing momentum in enterprise and SMB and how Co. is driving innovation in more departments across more industries than ever. 1. 2. Revenue $145m. Up 46% YoverY. a. 3. Adjusted billings $162m. 50% YoverY. a. 4. Exited qtr. with more than 9.5m users. In Oct., set record for licenses bought by new customers in a month. a. 5. Increased ARR 10% QoverQ. Reacceleration, aggressive investment posture in new high watermarks and pipeline and large deal volume make Co. more bullish than ever on its prospects. a. 6. Co. is cloud based platform for dynamic work that empowers employees and teams to transform how they work. Through combination of no-code platform, global community and broad service offering, customers unlock business value by transforming projects, programs and processes at scale. a. b. Rather than being just task-oriented tool, can scale from simple project used by five-person firm to enterprise SaaS platform...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Smartsheet Inc
Ticker
SMAR.N
Time
9:30pm GMT
Format:
PDF Adobe Acrobat
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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: Arjun Rohit Bhatia - William Blair & Company L.L.C., Research Division - Analyst : Yes. I'll add my congrats on a great quarter. Pete, I think you mentioned that you're expecting net retention to stabilize around the 130% range going forward. Obviously, a very strong net retention rate. Can you give us a sense for what the primary drivers are behind that? Is it uptake of Advance or are you still seeing customers, just user growth, the core user growth that's driving that as Smartsheet proliferates within existing customers?

Question: Arjun Rohit Bhatia - William Blair & Company L.L.C., Research Division - Analyst : Okay. Understood. And also Advance seems like there's a lot of good momentum there. Mark, you pointed out or you provided a handful of stats that point to the diverse kind of uptake we're seeing across the base. I'm curious, is there a difference you're seeing yet in the size of a deal that includes Advance versus one that doesn't because I would assume that those customers are a little bit more sophisticated, I'd say, in their usage of Smartsheet, but curious what you're seeing in terms of deal size. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. DECEMBER 02, 2021 / 9:30PM, SMAR.N - Q3 2022 Smartsheet Inc Earnings Call

Question: Arjun Rohit Bhatia - William Blair & Company L.L.C., Research Division - Analyst : Wonderful. That's great to hear and congrats again.

Table Of Contents

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

Smartsheet Inc Q3 2022 Earnings Call Transcript – 2021-12-02 – US$ 54.00 – Edited Transcript of SMAR.N earnings conference call or presentation 2-Dec-21 9:30pm GMT

Smartsheet Inc at Citi Global Technology Virtual Conference Transcript – 2021-09-13 – US$ 54.00 – Edited Transcript of SMAR.N presentation 13-Sep-21 3:20pm GMT

Smartsheet Inc Q2 2022 Earnings Call Summary – 2021-09-07 – US$ 54.00 – Edited Brief of SMAR.N earnings conference call or presentation 7-Sep-21 8:30pm GMT

Smartsheet Inc Q2 2022 Earnings Call Transcript – 2021-09-07 – US$ 54.00 – Edited Transcript of SMAR.N earnings conference call or presentation 7-Sep-21 8:30pm GMT

Smartsheet Inc Q1 2022 Earnings Call Summary – 2021-06-02 – US$ 54.00 – Edited Brief of SMAR.N earnings conference call or presentation 2-Jun-21 8:30pm GMT

Smartsheet Inc Q1 2022 Earnings Call Transcript – 2021-06-02 – US$ 54.00 – Edited Transcript of SMAR.N earnings conference call or presentation 2-Jun-21 8:30pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Smartsheet Inc Q3 2022 Earnings Call Summary" Dec 02, 2021. Alacra Store. May 21, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2022-Smartsheet-Inc-Earnings-Call-B15044355>
  
APA:
Thomson StreetEvents. (2021). Smartsheet Inc Q3 2022 Earnings Call Summary Dec 02, 2021. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2022-Smartsheet-Inc-Earnings-Call-B15044355>
  
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