share_log

monday.com | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

SEC ·  Aug 26 19:01

Summary by Futu AI

On August 26, 2024, monday.com Ltd., a leading multi-product platform company, announced a significant financial achievement, reaching $1 billion in annual recurring revenue (ARR). This milestone comes just ten years after the launch of its Work Operating System (Work OS) and eight years after hitting $1 million in ARR. Co-founders and co-CEOs Roy Mann and Eran Zinman highlighted the company's journey from disrupting traditional work software to becoming a core platform for companies globally. The monday.com Work OS, known for its no-code, low-code capabilities, enables customers to create custom work management tools. The company has expanded its product suite to include monday work management, monday CRM, monday dev, and monday service, addressing various business needs. CFO Eliran Glazer emphasized the company's operational efficiency and the transition to a multi-product company as key factors in achieving this growth. monday.com, with a presence in multiple global locations, serves over 225,000 customers across diverse industries and is committed to continuous innovation and addressing customer needs.
On August 26, 2024, monday.com Ltd., a leading multi-product platform company, announced a significant financial achievement, reaching $1 billion in annual recurring revenue (ARR). This milestone comes just ten years after the launch of its Work Operating System (Work OS) and eight years after hitting $1 million in ARR. Co-founders and co-CEOs Roy Mann and Eran Zinman highlighted the company's journey from disrupting traditional work software to becoming a core platform for companies globally. The monday.com Work OS, known for its no-code, low-code capabilities, enables customers to create custom work management tools. The company has expanded its product suite to include monday work management, monday CRM, monday dev, and monday service, addressing various business needs. CFO Eliran Glazer emphasized the company's operational efficiency and the transition to a multi-product company as key factors in achieving this growth. monday.com, with a presence in multiple global locations, serves over 225,000 customers across diverse industries and is committed to continuous innovation and addressing customer needs.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.