Shares of monday.com (NASDAQ:MNDY) rose over 2% intra-day today after the company delivered a strong first-quarter report and raised its full-year revenue outlook.

The company posted adjusted earnings of $1.10 per share, crushing the $0.70 consensus and signaling effective cost discipline and top-line strength. Quarterly revenue reached $282.3 million, outpacing estimates and marking a 30% increase from the same period last year.

While second-quarter guidance of $292–$294 million was slightly shy of expectations, the company’s full-year revenue forecast of $1.22–$1.23 billion came in ahead of analyst targets, reinforcing investor confidence.

Customer growth remained a standout, particularly among enterprise clients. The number of customers generating more than $100,000 in annual recurring revenue jumped 46% year-over-year to 1,328. Retention among this high-value group also remained solid, with a net dollar retention rate of 117%.