==Asana (ASAN) reported earnings on Tue 5 Sep 23 (a/h)

 

Asana beats by $0.07, beats on revs; guides Q3 EPS above consensus, revs above consensus; guides FY24 EPS above consensus, revs in-line 

• Reports Q2 (Jul) loss of $(0.04) per share, excluding non-recurring items, $0.07 better than the FactSet Consensus of ($0.11); revenues rose 20.4% year/year to $162.46 mln vs the $157.91 mln FactSet Consensus.
  • Revenues from customers spending $5,000 or more grew 24% year over year.
  • The number of customers spending $100,000 or more on an annualized basis in Q2 grew to 553, an increase of 20% year over year.
• Co issues upside guidance for Q3 (Oct), sees EPS of $(0.11)-$(0.10), excluding non-recurring items, vs. ($0.16) FactSet Consensus; sees Q3 revs of $163.5-164.5 mln vs. $162.84 mln FactSet Consensus.
• Co issues guidance for FY24 (Jan), sees EPS of $(0.42)-$(0.39), excluding non-recurring items, vs. ($0.51) FactSet Consensus; sees FY24 revs of $642-648 mln vs. $644.34 mln FactSet Consensus.
  • Prior guidance was EPS of $(0.55)-$(0.50) and revs of $640-648 mln.