Monday.com reported first-quarter earnings and revenue that topped Wall Street consensus estimates while the software maker's June quarter sales guidance roughly met expectations. Monday.com stock climbed amid a broad market rally sparked by positive U.S./China trade news.
The software maker reported earnings before the market open. For the quarter ending March 31, the maker of project management software reported a profit of $1.10 a share on an adjusted basis, up 80% from a year earlier. Revenue rose 30% to $282.3 million.
Analysts had predicted adjusted profit of 70 cents on revenue of $275.8 million.
It was the second straight quarter of accelerating profit growth and the third consecutive quarter of slightly slowing sales gains.
For the current quarter ending in June, Monday.com predicted revenue of $293 million at the midpoint of guidance, roughly in-line.
Monday.com Stock Set To Breakout
On the stock market today, Monday.com stock rose 5% to near 292. MNDY stock has forged a cup-with-handle base with 283.84 buy point on a daily chart and 284.28 on a weekly chart.
Heading into the Monday earnings report, shares were up 18% in 2025.
MNDY stock holds a Relative Strength Rating of 89 out of a best-possible 99, according to IBD Stock Checkup.
Monday.com competes with Asana, Smartsheet and Atlassian, among others.
Founded in 2012, Monday.com raised $574 million in its June 2021 initial public offering.
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