Smartsheet’s stock soars on surprise earnings beat
Shares of Smartsheet Inc. surged in extended trading today after the work collaboration software provider posted a surprise profit and revenue beat in its fourth-quarter earnings report.
Smartsheet’s stock gained more than 12% in after-hours trading, wiping out a decline of more than 3% in the regular session.
The company reported a fourth-quarter net loss of $42.7 million, down from the $53.1 million net loss it posted a year earlier. Earnings before certain costs such as stock compensation came to seven cents per share, handily beating the analyst consensus estimate of a penny-per-share loss. Revenue for the period rose 35% from a year earlier, to $212.3 million, ahead of Wall Street’s forecast of $206.2 million.
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Smartsheets
Smartsheets software is a cloud-based project management tool that provides a range of features for businesses of all sizes. It aims to simplify project management by providing a user-friendly platform that is easy to use and navigate. Here are some of the key features of Smartsheet:
Features & Benefits of Smartsheet
Features:
Task management tools that allow users to create and assign tasks set due dates, and track progress
Collaboration tools that allow team members to communicate, share files, and work together on projects
Resource allocation tools that enable users to allocate resources to specific tasks or projects
Reporting and analytics tools that provide insights into project performance and resource utilization
Benefits:
Smartsheet is a user-friendly platform that is easy to use and navigate, which can reduce the learning curve for team members
The platform provides a comprehensive solution that covers all aspects of project management
Collaboration tools make it easy for team members to work together on projects, regardless of their location or time zone
Smartsheet's real-time visibility into project progress can help managers make informed decisions and adjust plans as needed
Reporting and analytics tools provide valuable insights into project performance and resource utilization, which can help businesses optimize their project management processes
Pros:
User-friendly platform that is easy to use and navigate
A comprehensive solution that covers all aspects of project management
Collaboration tools make it easy for team members to work together on projects
Real-time visibility into project progress can help managers make informed decisions and adjust plans as needed
Reporting and analytics tools provide valuable insights into project performance and resource utilization
Cons:
Smartsheet may not be suitable for businesses that need highly specialized or industry-specific features
Pricing plans can be expensive for smaller businesses or teams
The platform may not offer the same level of customization as some other project management tools
Pricing:
Smartsheet offers a free 30-day trial
Pricing starts at $14 per user per month for the individual plan
The business plan is $25 per user per month
The enterprise plan requires a custom quote
Smartsheets Software Alternatives
Uniphi
Uniphi is a project management software that aims to simplify and streamline the project management process. It provides a comprehensive solution that includes project planning, task management, resource allocation, and progress tracking. Here are some of the key features of Uniphi:
Features:
Gantt charts and project timelines for planning and tracking progress
Task management tools that allow users to create and assign tasks set due dates, and track progress
Resource allocation tools that enable users to allocate resources to specific tasks or projects
Collaboration tools that allow team members to communicate, share files, and work together on projects
Budgeting and expense tracking tools that help users manage project costs and stay within budget
Benefits:
Uniphi is an all-in-one solution that can help businesses streamline their project management processes
It provides real-time visibility into project progress, which can help managers make informed decisions and adjust plans as needed
Uniphi's collaboration tools make it easy for team members to work together on projects, which can improve productivity and efficiency
The platform is customizable, so businesses can tailor it to their specific needs
Uniphi's budgeting and expense-tracking tools can help businesses manage project costs and avoid overspending
Pros:
A comprehensive set of features that cover all aspects of project management
Customizable to meet specific business needs
Real-time visibility into project progress
Collaboration tools that make it easy for team members to work together
Budgeting and expense tracking tools to help manage project costs
Cons:
Uniphi may have a steeper learning curve than some other project management tools
Pricing plans can be expensive for smaller businesses or teams
The platform may not be suitable for businesses that need highly specialized or industry-specific features
Pricing:
Uniphi offers a free 14-day trial
Pricing starts at $9 per user per month for the basic plan
The premium plan is $19 per user per month
The enterprise plan requires a custom quote
Visual Planning Software
Visual Planning Software is a project management tool that offers a range of features for businesses of all sizes. It provides a visual approach to project planning and tracking, allowing users to see project timelines, resource allocation, and progress at a glance. Here are some of the key features of Visual Planning Software:
Features:
Visual project planning tools that allow users to create Gantt charts and project timelines
Resource allocation tools that enable users to allocate resources to specific tasks or projects
Collaboration tools that allow team members to communicate, share files, and work together on projects
Progress tracking tools that provide real-time visibility into project progress
Reporting and analytics tools that provide insights into project performance and resource utilization
Benefits:
Visual Planning Software provides a visual approach to project management, making it easy for users to see project timelines, resource allocation, and progress at a glance
The platform is highly customizable, so businesses can tailor it to their specific needs
Visual Planning Software's collaboration tools make it easy for team members to work together on projects, which can improve productivity and efficiency
The platform provides real-time visibility into project progress, which can help managers make informed decisions and adjust plans as needed
Reporting and analytics tools provide insights into project performance and resource utilization, which can help businesses identify areas for improvement and optimize resource allocation
Pros:
Visual Planning Software offers a visual approach to project management, which can be particularly useful for businesses that need to manage complex projects or workflows
The platform is highly customizable, so businesses can tailor it to their specific needs
Visual Planning Software's collaboration tools make it easy for team members to work together on projects, which can improve productivity and efficiency
Real-time visibility into project progress can help managers make informed decisions and adjust plans as needed
Reporting and analytics tools provide valuable insights into project performance and resource utilization
Cons:
Visual Planning Software may have a steeper learning curve than some other project management tools
Pricing plans can be expensive for smaller businesses or teams
The platform may not be suitable for businesses that need highly specialized or industry-specific features
Pricing:
Visual Planning Software offers a free 30-day trial
Pricing starts at $20 per user per month for the basic plan
The premium plan is $45 per user per month
The enterprise plan requires a custom quote
WorkComposer
WorkComposer is a project management software that focuses on collaboration and communication. It provides a comprehensive solution that includes project planning, task management, collaboration tools, and progress tracking. Here are some of the key features of WorkComposer:
Features:
Task management tools that allow users to create and assign tasks, set due dates, and track progress
Collaboration tools that allow team members to communicate, share files, and work together on projects
Resource allocation tools that enable users to allocate resources to specific tasks or projects
Reporting and analytics tools that provide insights into project performance and resource utilization
Project timelines and Gantt charts for planning and tracking progress
Benefits:
WorkComposer's focus on collaboration and communication can help businesses improve team productivity and efficiency
The platform provides a comprehensive solution that covers all aspects of project management
WorkComposer's collaboration tools make it easy for team members to work together on projects, regardless of their location or time zone
The platform provides real-time visibility into project progress, which can help managers make informed decisions and adjust plans as needed
Reporting and analytics tools provide insights into project performance and resource utilization, which can help businesses optimize their project management processes
Pros:
Focus on collaboration and communication can improve team productivity and efficiency
Comprehensive solution that covers all aspects of project management
Collaboration tools make it easy for team members to work together on projects
Real-time visibility into project progress can help managers make informed decisions and adjust plans as needed
Reporting and analytics tools provide valuable insights into project performance and resource utilization
Cons:
WorkComposer may not be suitable for businesses that need highly specialized or industry-specific features
Pricing plans can be expensive for smaller businesses or teams
The platform may have a steeper learning curve than some other project management tools
Pricing:
WorkComposer offers a free 14-day trial
Pricing starts at $9 per user per month for the basic plan
The premium plan is $19 per user per month
The enterprise plan requires a custom quote
Slack
Slack software is a communication platform that is widely used by businesses of all sizes. While it is not strictly a project management software, Slack's features can be used to support project management activities. Here are some of the key features of Slack:
Features:
Communication tools that allow team members to communicate in real-time, regardless of their location or time zone
Collaboration tools that allow team members to work together on projects, share files, and provide feedback
Integration with a range of other software platforms, including project management tools
Customization options that allow businesses to tailor Slack to their specific needs
Accessible on desktop and mobile devices
Benefits:
Slack's communication and collaboration tools can help businesses improve team productivity and efficiency
Integration with a range of other software platforms can streamline project management processes
Customization options make it easy for businesses to tailor Slack to their specific needs
Accessible on desktop and mobile devices, which can support remote and mobile teams
Pros:
A widely used communication platform that is accessible to businesses of all sizes
Communication and collaboration tools can improve team productivity and efficiency
Integration with a range of other software platforms can streamline project management processes
Customization options make it easy for businesses to tailor Slack to their specific needs
Accessible on desktop and mobile devices, which can support remote and mobile teams
Cons:
Slack may not offer the same level of project management features as dedicated project management software
The platform may not provide the same level of reporting and analytics tools as some other project management tools
The cost of using Slack can add up if businesses need to integrate with multiple other software platforms
Pricing:
Slack offers a free version with limited features
Pricing starts at $6.67 per user per month for the standard plan
The plus plan is $12.50 per user per month
The enterprise grid plan requires a custom quote
Conclusion
Project management software can help businesses improve team productivity and efficiency, streamline project management processes, and optimize resource utilization. Each of the five project management software platforms we have discussed in this article offers a range of features and benefits, as well as some potential drawbacks.
Read more: Asana shares surge nearly 30% on strong earnings beat and solid outlook
Also Read: Best legal project management software
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