From Financial Modeling Prep: 2024-12-06 11:35:00

Asana (NYSE:ASAN) saw a 40% surge in shares after exceeding third-quarter expectations and raising full-year guidance. The company reported a smaller loss of $0.02 per share, with revenue hitting $183.9 million, a 10% increase. Customer growth was strong, with 18% more customers spending $100,000 or more annually.

Asana’s performance was driven by increased customer numbers and improved revenue growth. The company also highlighted better in-quarter net retention rates. It revised its full-year revenue guidance to $723-724 million, up from $720.2 million, and narrowed its expected loss to $0.14-0.15 per share.

Overall, Asana’s third-quarter results exceeded expectations, leading to a significant boost in shares. The company’s strong performance was driven by robust customer growth and improved revenue growth. Asana’s revised full-year guidance signals confidence in its ongoing growth and strategic initiatives.



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