Asana, Inc. (ASAN) Tops Q2 EPS by 3c; Guides Q3 Revs Higher

Asana, Inc. (NYSE: ASAN) reported Q2 EPS of ($0.23), $0.03 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $89.5 million versus the consensus estimate of $82.31 million.

“In the second quarter we accelerated total revenue growth, continued to report strong customer growth and increased dollar-based net retention rates across the board," said Dustin Moskovitz, co-founder and chief executive officer of Asana. “Customers are adopting Asana everywhere: across our major geographies and across all sizes of teams. We saw particular strength in the enterprise, with the number of customers spending over $50,000 up 111 percent. Stay tuned for more enterprise announcements in October."

GUIDANCE:

Asana, Inc. sees Q3 2022 EPS of ($0.27)-($0.26), versus the consensus of ($0.28). Asana, Inc. sees Q3 2022 revenue of $93-94 million, versus the consensus of $86.7 million.

For earnings history and earnings-related data on Asana, Inc. (ASAN) click here.

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