RM

Ross MacMillan

Equity Research Analyst at RBC Capital
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  • Smartsheet reported a strong F3Q19 with billings acceleration (+69% Y/Y vs. +55% Y/Y in F2Q and +50% in F1Q), better net customer adds and ACV growth, coupled with record net dollar retention.

  • MuleSoft will be the largest deal in (Salesforce's) history and we believe is the highest multiple ever for a significant public SaaS asset.

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