Smartsheet Inc. (NYSE:SMAR) Q3 2023 Earnings Call Transcript

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Pete Godbole: So Fred, the net dollar retention rate metric is a full year look back. So we look at what happened over the full year, if you will. So when you think of what comes into the calculation when we report out at the end of Q4, is you’re going to be replacing a very strong quarter with a macro that was very different, expansion need that was very different without something that’s in a different macro phase. So you’re just swapping out one quarter for the other, and that’s where you see look back of a full year in expansion rates dropping to where we’ve guided.

Operator: There are no further questions at this time. I will now turn the call back to Mr. Aaron Turner.

Aaron Turner: Great. Well, thank you for joining us, everyone, and we will speak with you again next quarter.

Operator: Ladies and gentlemen, thank you for participating. This concludes today’s conference call. You may now disconnect.

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