![]() ![]() Customers with over $1 million in ARR grew 16% year-over-year to 36.Added seven net new Enterprise-Wide DAP customers during the quarter for a total of 180, representing DAP customer count growth of 34% year-over-year.Expanded Global partner ecosystem by adding two partnerships with Global System Integrators Tech Mahindra and NTT Data.Welcomed new Chief Customer Officer, Sunil Nagdev, to lead all post-sales functions, including Customer Success, Service, and Support.Achieved FedRAMP Ready status to become the first digital adoption platform provider listed on the FedRAMP Marketplace the latest distinction advances WalkMe’s existing position in accelerating federal agencies’ technology modernization and IT transformation.We are focused on increasing our unit economics, leveraging investments already made, and accelerating our path to profitability with the expectation to be profitable for the full year 2024."įirst Quarter and Recent Business Highlights: "We strive to continue to drive operational excellence and scale across the organization as we keep the rule of 40 as our north star. "WalkMe continues to deliver growing value to our customers by leading innovation and expanding our go to market ecosystem with the recent FedRAMP Ready status," said Hagit Ynon, CFO of WalkMe. Cash, Cash Equivalents, Short-te rm Deposits and Marketable Securities: were $299.6 million as of March 31, 2023.Free Cash Flow*: was negative $8.3 million in the first quarter of 2023, or 13% of total revenue, compared to negative $20.3 million, or 36% of total revenue, in the first quarter of 2022.Cash Flow: Net cash used in operations in the first quarter of 2023 was $7.5 million, or 11% of total revenue, compared to $18.3 million used in operations or 32% of total revenue, in the first quarter of 2022.Non-GAAP Operating Loss*: was $8.8 million in the first quarter of 2023, or 13% of total revenue, compared to $18.6 million, or 33% of total revenue, in the first quarter of 2022.GAAP Operating Loss: was $25.8 million in the first quarter of 2023, or 39% of total revenue, compared to $29.6 million, or 52% of total revenue, in the first quarter of 2022.GAAP Gross Margin: was 81% in the first quarter of 2023 compared to 76% in the first quarter of 2022.Subscription revenue was $60.6 million, an increase of 18% year-over-year. Revenue: Total revenue was $65.9 million in the first quarter of 2023, an increase of 16% year-over-year.Our database of billions of human-to-computer interactions, paired with our proprietary DeepUI technology and the world’s leading text-to-action engine across any enterprise app means WalkMe will be a mission-critical player in how people interact with software in the future.” ![]() “Leaps in AI technology make me more excited than ever about delivering on the full promise of our Digital Adoption Platform for our customers. "WalkMe delivered solid revenue growth with better than expected operating margin while also pushing innovation and a successful launch of WalkMe Discovery,” said Dan Adika, CEO of WalkMe. ![]() (NASDAQ:WKME), a leading provider of digital adoption solutions, today announced financial results for its first quarter ended March 31, 2023. ![]() SAN FRANCISCO, (GLOBE NEWSWIRE) - WalkMe Ltd.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |