Asana Q2 Earnings Preview: Revenue Growth Expected to Slow

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Summary · why it matters

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%.

Impact on assets 4

Artificial Intelligence▲ · 2 stocks
Asana Inc
ASAN
± MixedCapitalrelevance

Q2 earnings preview; revenue growth expected to slow but company has history of beating estimates.

Cloud & Digital Infrastructure▲ · 2 stocks
Monday.Com Ltd
MNDY
± MixedDemandrelevance

Peer monday.com reported strong results, but no direct impact on Asana's earnings.

Atlassian Corp Plc
TEAM
± MixedDemandrelevance

Peer Atlassian reported strong results, but no direct impact on Asana's earnings.