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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