monday.com: Turning Workflow Into Cash Flow

Investment Thesis Rapid Recap Many software companies have kept their guidance unchanged since early in 2024 or even sometimes pulled in their revenue growth rate guidance. For example, MongoDB (MDB) or UiPath (PATH). But not monday.com. On the contrary, monday.com raised their guidance by 200 basis points. This is a business that is evidently still in hyper-growth mode. Hyper-growth means companies growing at more than 30% CAGR. And what's more important here, is that next year, as its comparables ease up, ...