MNDY Earnings: Monday.com Stock Spikes after Q1 Beat and Strong AI Momentum
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Monday.com (MNDY) shares surged over 25% in pre-market trading following a strong Q1 earnings report that exceeded Wall Street expectations. The company reported $351.3 million in revenue, a 24% year-over-year increase, and adjusted earnings per share of $1.15, beating the consensus estimate. The results reflect the success of its AI Work Platform and enterprise strategy, with solid customer metrics, including a net dollar retention rate of 110% and significant growth in high-spending customers.
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