Monday.com ($MNDY) reported strong Q2 2024 financial results, with revenue reaching $236.1 million, a 34% increase year-over-year, exceeding the estimated $229 million. The company achieved a non-GAAP EPS of $0.94, significantly surpassing the expected $0.56. The gross margin rose to 90.8%, and operating income increased to $38 million, marking a 126% rise year-over-year. The operating margin was 16.3%. Monday.com also achieved GAAP operating profitability for the first time and closed its largest deal in company history, involving 80,000 seats. The company's stock rose by 5% in pre-market trading. The company raised its guidance for Q3 2024, expecting revenue between $243 million and $247 million, with a free cash flow of $72 million. For FY2024, it forecasts revenue between $956 million and $961 million and a free cash flow of $273 million.