monday.com Ltd. (NASDAQ:MNDY) Q2 2024 Earnings Conference Call August 12, 2024 8:30 AM ET

Company Participants

Byron Stephen - Vice President, Investor Relations
Roy Mann - Co-Chief Executive Officer
Eran Zinman - Co-Chief Executive Officer
Eliran Glazer - Chief Financial Officer

Conference Call Participants

Brent Bracelin - Piper Sandler
Jackson Ader - KeyBanc Capital Markets
Alex Zukin - Wolfe Research
Arjun Bhatia - William Blair
Ryan MacWilliams - Barclays
Derrick Wood - TD Cowen
Pinjalim Bora - JPMorgan
Michael Berg - Wells Fargo
Michael Funk - Bank of America
DJ Hynes - Canaccord Genuity
Steve Enders - Citibank
Scott Berg - Needham & Company
Taylor McGinnis - UBS
Rob Oliver - Baird

Operator

Thank you for standing by. I would like to welcome everyone to the monday.com Second Quarter Fiscal Year 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the call over to Byron Stephen, Vice President of Investor Relations. Please go ahead.

Byron Stephen

Hello, everyone, and thank you for joining us on today's conference call to discuss the financial results for monday.com's second quarter fiscal year 2024.

Joining me today are Roy Mann and Eran Zinman, Co-CEOs of monday.com, and Eliran Glazer, monday.com's CFO.

We released our results for the second quarter fiscal 2024 earlier today. You can find our quarterly shareholder letter, along with our investor presentation and a replay of today's webcast under the News & Events section of our IR website at ir.monday.com.

Certain statements made on the call today will be forward-looking statements, which reflect management's best judgment based on currently available information. These statements involve risks and uncertainties that may cause actual results to differ from our expectations. Please refer to our earnings release for more information on the specific factors that could cause actual results to differ materially from our forward-looking statements.

Additionally, non-GAAP financial measures will be discussed on the call. Reconciliations to the most directly comparable GAAP financial measures are available in the earnings release and the earnings presentation for today's call, which are posted on our Investor Relations website.

Now, let me turn the call over to Roy.

Roy Mann

Thank you, Byron, and thank you, everyone, for joining us today.

Since our debut in NASDAQ three years ago, we have made significant progress in realizing our vision of becoming the platform to run the core of all work for customers. In that time, we have transitioned from a single product offering to a true platform with multiple products. This transition and our strong execution have allowed us to nearly double our customer base, triple annual recurring revenue and increase our largest customer seat count ten-fold.