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NEW YORK & TEL AVIV, Israel - In a strategic move to enhance its enterprise market presence, monday.com Ltd. (NASDAQ: MNDY), a versatile work management platform, has appointed Casey George as its Chief Revenue Officer (CRO), effective May 15, 2025. George’s nearly three decades of experience in go-to-market strategies and scaling business operations are expected to steer monday.com through its next growth phase, focusing on larger enterprise adoption.
George’s previous role as Executive Vice President of Global Sales at Qlik saw him overseeing revenue operations and a significant market expansion, managing over $1.3 billion in annual recurring revenue. His tenure at Qlik, Talend, and Verint, coupled with over 20 years at IBM, has equipped him with extensive expertise in building enterprise sales and partner networks. These experiences are pivotal as monday.com aims to bolster its sales teams and increase headcount by 30 percent in 2025.
The company’s co-founders and co-CEOs, Roy Mann and Eran Zinman, expressed confidence in George’s ability to contribute significantly to monday.com’s revenue strategy and organizational growth. His appointment follows a robust fiscal year for monday.com, which saw the company achieve 33.21% revenue growth and maintain a strong financial health score of "GREAT" according to InvestingPro analysis. The platform offers additional valuable insights through its comprehensive Pro Research Report, one of 1,400+ detailed company analyses available to subscribers.
monday.com’s platform, which serves approximately 245,000 customers in over 200 industries worldwide, has transitioned from performance marketing to a more integrated approach combining marketing, sales, and partnerships. With a healthy current ratio of 2.66 and strong liquidity position, the company appears well-positioned for its next growth phase. This shift has been central to the company’s recent success and is a key area where George’s expertise is anticipated to have a major impact. InvestingPro analysis suggests the stock is currently overvalued, with numerous additional metrics and insights available to subscribers.
As CRO, George will be responsible for deepening customer relationships and expanding monday.com’s enterprise reach. His vision aligns with monday.com’s commitment to innovation and effective business operations, with the company’s next earnings report scheduled for May 19, 2025. George’s strategic appointment is based on a press release statement issued by monday.com Ltd.
In other recent news, monday.com announced record results for the fourth quarter of fiscal year 2024, with revenue increasing by 32% year-over-year to $268 million, and full-year revenue rising 33% to $972 million. The company reported a significant increase in net dollar retention rates, with notable growth in paid customers across various segments. Analysts have taken note of these developments, with Tigress Financial raising its 12-month price target to $450, citing the integration of artificial intelligence as a key growth driver. UBS also raised its price target to $350, maintaining a Neutral rating, while Loop Capital increased its target to $385 and reiterated a Buy rating. Scotiabank raised its target to $400, maintaining an Outperform rating, following monday.com’s announcement of full-year 2025 revenue growth guidance that exceeded expectations. Citi has named monday.com as a top stock pick, highlighting its compelling entry point and expected growth of over 20%. These analyst updates reflect a positive outlook on monday.com’s future performance and market opportunities.
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