Smartsheet shares fell despite Q4 FY24 revenue beating expectations, due to conservative 2025 guidance missing analyst projections.

Smartsheet shares fell after Q4 FY24 results, despite beating revenue expectations at $256.9m, up 21%. Annualized recurring revenue increased to $1.031bn. However, conservative full-year guidance missed analyst expectations, with EPS projected at $1.06-$1.13 for 2025 and annual revenue at $1.113-$1.118bn. The company announced new executive appointments and strategic changes as it enters its post-$1bn ARR growth phase.