Monday.com Ltd. reported better-than-expected first-quarter financial results, and Chief Financial Officer Eliran Glazer says demand is still strong regardless of uncertainty about the economy.
U.S.-listed shares of the company rose 5% in premarket trading.
The work-management software company reported first-quarter adjusted earnings of $1.10 a share from revenue of $282.3 million. The consensus call among analysts surveyed by FactSet was for 70 cents a share and revenue of $276 million.
In the same period last year, Monday.com posted adjusted earnings of 61 cents a share from revenue of $216.9 million.
"Demand is very healthy," Glazer told Barron's. "Our model is a model that works."
Monday.com also said it now expects full-year revenue to be between $1.22 billion and $1.23 billion, compared with the range of $1.21 billion to $1.22 billion the company predicted when it disclosed its fourth-quarter earnings. Wall Street expected 2025 revenue of $1.21 billion.
An increase in guidance this earnings season is significant. Some companies have decided not to make forecasts because President Donald Trump's tariffs have made the economic outlook so uncertain.
"I know that the world around us is going through a lot of volatility with tariffs and turbulence and geopolitical situations," Glazer said. "For us, Q1 was strong. We didn't see any impact on our business. Actually, we continue to see the trends that we have seen in the past, so nothing that we can shout out to say that we have any concerns."
Monday.com is one of several software companies to provide a strong outlook. Germany's SAP, the enterprise software company ServiceNow, and Magnificent Seven member Microsoft all shone this earnings season. Enterprises are willing to spend on software that helps boost productivity and lower costs, even as the future remains uncertain.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.