Maskot
Asana (NYSE:ASAN) shares bounced all over the place in extended trading on Tuesday, soaring 14%, then losing 3%, even as the work management software company reported fiscal first-quarter results and guidance that topped expectations.
For the period ending April 30, Asana said it earned an adjusted $0.05 per share as revenue rose 9% year-over-year to $187.3M. Analysts had expected the company to earn an adjusted $0.02 per share on $185.4M in revenue.
“Just months after launching AI Studio, we’ve already crossed $1 million in ARR and head into Q2 with a robust, rapidly growing global pipeline,” said Dustin Moskovitz, Co‑Founder and CEO of Asana. “With new offerings like the AI Studio Plus package, and Smart Workflow Gallery, we’re making these transformative AI capabilities even more accessible. Early customers are reporting measurable productivity gains, reinforcing Asana’s leadership in human + AI coordination and strengthening our conviction that AI Studio has the potential to become a transformational long-term growth engine for Asana.”
Looking to the third-quarter, Asana expects to earn an adjusted $0.04 to $0.05 per share, with revenue between $192M and $194M. Analysts were expecting $0.04 per share and $192.21M in revenue.
For the full-year, Asana expects sales to be between $775M and $790M, compared to a prior view of $782M to $790M. Meanwhile, adjusted earnings are now forecast to be $0.22 per share, up from a prior view of $0.19 to $0.20 per share. The company also upped its full-year operating margin guidance, as it now expects the metric to be at least 5.5%.
Analysts were expecting adjusted earnings of $0.19 per share on $780.11M in revenue.
The company will host a conference call at 4:30 p.m. EST to discuss the results.