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Asana, Inc. (ASAN) is a leading provider of collaborative work management software designed to help teams coordinate and manage their work from start to finish. Founded by Dustin Moskovitz and Justin Rosenstein, who initially developed the tool for internal use at Facebook, Asana has grown into a global enterprise with offices in San Francisco, New York City, and Dublin.
Asana's core product is a cloud-based SaaS platform that enables seamless project management, task tracking, and team collaboration. The tool offers a range of features including task and project management, team communication, real-time project visibility, and automation capabilities. This allows organizations to streamline their workflows, improve efficiency, and achieve better results.
The company offers a freemium model, providing free access for teams of up to 15 members with unlimited projects and tasks. For larger teams and more advanced features, Asana offers subscription plans that generate revenue on a per seat basis.
Asana is supported by major investors such as Benchmark Capital, Andreessen Horowitz, Founders Fund, and Peter Thiel. The company continues to expand its capabilities and improve its offerings, making it a valuable tool for businesses of all sizes across various industries. Recent achievements include enhanced reporting and automation features, which significantly boost productivity and project management efficiency.
The platform is accessible via web and mobile apps available on Asana's website, iTunes, and Google Play. Asana's scalable and dynamic tools have made it an essential part of workflow management for marketing programs, IT approvals, performance management, and more.
Asana, Inc. (NYSE: ASAN) has launched Universal Reporting, an innovative tool designed to enhance work management across teams. This feature utilizes Asana’s Work Graph data model to deliver accurate, real-time reports on project activities, workloads, and budgets. With the aim to tackle the productivity loss associated with remote work, Universal Reporting enables leaders to customize reports across multiple projects, streamlining communication and decision-making. Available to Premium, Business, and Enterprise customers, it emphasizes actionable insights and real-time visibility.
Asana, Inc. (NYSE: ASAN) has announced a new integration with ServiceNow that enhances collaboration between process management and operational teams. This integration aims to streamline workflows by reducing manual tasks and app switching, allowing cross-functional teams to work efficiently regardless of location. According to Asana, over one-third of workers face challenges in communication due to app switching. The integration enables real-time task creation triggered from ServiceNow, thereby improving response times and visibility for distributed teams.
Asana (NYSE: ASAN) is hosting the Focus & Flow Summit on June 9, an online event aimed at helping individuals regain focus in a distracted environment. With work-related distractions costing individuals 157 hours of productivity in the past year, the summit will feature experts such as Adam Grant and Morgan DeBuan. The event will showcase Asana's commitment to enhancing workplace productivity and well-being.
Asana, Inc. (ASAN) will release its financial results for Q1 FY2022 on June 3, after U.S. market close. A webcast discussing these results will follow at 1:30 p.m. PT (4:30 p.m. ET) on the same day, accessible via the Asana Investor Relations website. Asana supports over 93,000 organizations worldwide, enhancing work management for teams in various sectors.
Asana (NYSE: ASAN), a premier work management platform, announces that COO Chris Farinacci will engage in a fireside chat with Brent Thill at Jefferies on April 14, 2021, at 10:00 a.m. PT / 1:00 p.m. ET. The session will be accessible via a live webcast and replay on Asana's official investor relations website.
With over 93,000 paying organizations in 190 countries, Asana supports clients like Accenture and Estee Lauder in managing diverse projects, from company objectives to marketing campaigns.
Asana, Inc. (NYSE: ASAN) reported strong financial results for Q4 and fiscal year 2021, with revenues of $68.4 million, a 57% year-over-year increase, and record annual revenue of $227 million, up 59%. The company ended the fiscal year with over 93,000 paying customers and 1.5 million paid users. Despite revenue growth, Asana faced significant operating losses, reporting a GAAP net loss of $61.5 million in Q4 versus $25.2 million a year prior. For Q1 fiscal 2022, expected revenues are $69.5 million to $70.5 million, indicating a growth forecast of 46% to 48%.
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