SMARTSHEET INC.

(SMAR)
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Delayed Nyse  -  05/27 04:00:02 pm EDT
37.19 USD   +5.98%
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Smartsheet : Sonnedix Selects Smartsheet to Drive Innovative HR Response for the Rapid Shift of Remote Working

03/11/2021 | 04:01am EDT

Streamlined Approach to Resources like Workforce Training Resulted in 1,000 Hour Increase Amidst the Pandemic

Smartsheet (NYSE:SMAR), the enterprise platform for dynamic work, today announced Sonnedix, an innovative global solar Independent Power Producer (IPP), selected Smartsheet to drive innovative initiatives around training, remote work, and health and safety to ensure the organisation’s culture stays inclusive and supportive.

Sonnedix develops, builds, owns and operates high-performance, cost-competitive solar plants that produce a continuous and reliable supply of clean energy. With more than 330 power plants in eight countries and a total operating capacity of over 1.5 GW, Sonnedix understood the benefits of effective team collaboration – in the wake of COVID-19 – was fundamental to its long-term success. Forced to adapt to the demands of mass remote working in a matter of days, Sonnedix expanded its use of Smartsheet to help implement new initiatives and support colleagues working through the pandemic.

“As a global business operating across multiple time zones, we needed a solution that could help us manage tasks in a structured way but with the flexibility to adapt quickly to the evolving situation impacting our teams across the world,” said Andrea Vecchi, Head of PMO at Sonnedix. “Employees have varying requirements and Smartsheet enabled us to support them appropriately and do all of that in one place, creating really clear visibility for the people in charge of making arrangements.”

Using Smartsheet, Sonnedix’s HR team rapidly created a portal with resources that allow employees to request and receive training. Global employees can now book and be approved for training sessions with Smartsheet automation. This is a significant process improvement over previous systems for booking training that mostly relied on emails and manual data capture in excel. Within six months, Sonnedix delivered more than 90 training sessions totaling over 1,000 hours, an achievement not possible with the company’s previous booking system.

“For organisations like Sonnedix with an international footprint, the impact of events like the pandemic can create a lot of operational and HR challenges – but also offer an opportunity to harness innovation to affect change,” said Kara Hamilton, Chief People and Culture Officer at Smartsheet. “Smartsheet provides any organization the ability to adapt quickly to evolving needs and allow leaders from within to build out solutions without the need for coding and developers, often seeing an impact in days instead of months.”

About Smartsheet

Smartsheet (NYSE: SMAR) is the enterprise platform for dynamic work. By aligning people and technology so organizations can move faster and drive innovation, Smartsheet enables its millions of users to achieve more. Visit www.smartsheet.com to learn more.

About Sonnedix

Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is a global solar Independent Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally, with a total controlled capacity of over 2 GW. Sonnedix continues to expand its global footprint across OECD countries, with more than 300 solar plants in operations, as well as several hundred MW under development in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan. For more information, please visit www.sonnedix.com.

Forward-Looking Statements

This press release contains “forward-looking” statements that are based on our management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, statements about Smartsheet’s expectations regarding possible or assumed business strategies, channel and partner strategies, potential growth and innovation opportunities, new products, and potential market opportunities.

Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “believe,” “continue,” “could,” “potential,” “remain,” “will,” “would” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, risks and uncertainties related to: our ability to achieve future growth and sustain our growth rate, our ability to attract and retain talent, our ability to attract and retain customers (including government customers) and increase sales to our customers, our ability to develop and release new products and services and to scale our platform, our ability to increase adoption of our platform through our self-service model, our ability to maintain and grow our relationships with channel and strategic partners, the highly competitive and rapidly evolving market in which we participate, our ability to identify targets for, execute on, or realize the benefits of, potential acquisitions, and our international expansion strategies. Further information on risks that could cause actual results to differ materially from forecasted results is included in our filings with the US Securities and Exchange Commission (SEC), including our Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2020 filed with the SEC on December 8, 2020. Any forward-looking statements contained in this press release are based on assumptions that we believe to be reasonable as of this date. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.


© Business Wire 2021
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Financials (USD)
Sales 2023 753 M - -
Net income 2023 -255 M - -
Net cash 2023 426 M - -
P/E ratio 2023 -18,5x
Yield 2023 -
Capitalization 4 792 M 4 792 M -
EV / Sales 2023 5,80x
EV / Sales 2024 4,36x
Nbr of Employees 2 539
Free-Float 96,9%
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Number of Analysts 15
Last Close Price 37,19 $
Average target price 62,71 $
Spread / Average Target 68,6%
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Managers and Directors
Mark Patrick Mader President, Chief Executive Officer & Director
Pete Godbole Treasurer, Chief Financial & Accounting Officer
Geoffrey T. Barker Chairman
Praerit Garg Chief Product Officer & Executive VP-Engineering
Stephen Branstetter Chief Operating Officer
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