Asana IncQ2 earnings preview; revenue growth expected to slow but company has history of beating estimates.
Asana will announce its second-quarter earnings after market hours on Thursday, with investors expecting revenue growth of 8.8% year on year, a slowdown from the 9.9% increase recorded in the same quarter last year. The company beat analysts' revenue expectations last quarter, reporting $205.1 million in revenue, up 9.5% year on year, and added 175 enterprise customers paying more than $5,000 annually, bringing the total to 26,103. Analysts have generally reconfirmed their estimates over the past 30 days, and Asana has a history of exceeding Wall Street's expectations. In the productivity software segment, peers Atlassian and monday.com have already reported strong results, with Atlassian's revenue up 27.6% and monday.com's up 21.9%, and shares in the segment have risen 11.1% on average over the last month, while Asana is up 16.8%.
Asana IncQ2 earnings preview; revenue growth expected to slow but company has history of beating estimates.
NVIDIA Corporation
Monday.Com LtdPeer monday.com reported strong results, but no direct impact on Asana's earnings.
Atlassian Corp PlcPeer Atlassian reported strong results, but no direct impact on Asana's earnings.