Asana Inc Stock Price, News & Analysis

Asana (NYSE: ASAN), a leading enterprise work management platform, has announced its participation in an upcoming investor event. The company's executives will present at the Barclays 22nd Annual Global Technology Conference on December 11, 2024, at 8:40 a.m. PT / 11:40 a.m. ET.

Interested parties can access a live webcast of the presentation through Asana's investor relations website at investors.asana.com.

Asana (NYSE: ASAN) reported Q3 fiscal 2025 results with revenues of $183.9 million, up 10% year over year. The company reduced its GAAP operating loss to $60.2 million (33% of revenues) from $63.4 million in Q3 fiscal 2024. Non-GAAP operating loss improved to $7.6 million.

Key highlights include the launch of AI Studio, a no-code builder for AI-powered workflows, and growth in core customers to 23,609 (up 11% YoY). Customers spending $100,000+ annually increased 18% to 683. The company maintains a 96% overall dollar-based net retention rate.

For Q4 fiscal 2025, Asana expects revenues of $187.5-188.5 million and raised its fiscal 2025 outlook to $723.0-724.0 million, representing 11% growth.

Asana has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Collaborative Work Management for the second consecutive year. The company was evaluated based on its 'Completeness of Vision' and 'Ability to Execute.'

The recognition highlights Asana's Work Graph® data model, which maps work relationships and context. The company has also introduced Asana AI Studio, enabling AI integration into workflows to enhance productivity. Additionally, Asana received the Gartner® Peer Insights™ Customers' Choice distinction, with positive customer reviews emphasizing reduced admin time, effective task management, and improved cross-organizational collaboration.

Asana serves over 150,000 customers, including major companies like Amazon, Accenture, and Suzuki, helping them manage and automate various aspects of work from goal setting to product launches.

Asana has announced a strategic partnership with Datacom, a major IT service provider in Australia and New Zealand (ANZ). The collaboration aims to enhance enterprise solutions and support for ANZ customers, particularly in the Public Sector, Education, and Financial Services industries. The partnership will include joint initiatives such as dedicated implementation support, custom enterprise deployments, and localized services. To launch this collaboration, both companies will co-host the Asana & Datacom Work Innovation Breakfast in Auckland on November 27th, bringing together business leaders to discuss the future of work, collaborative work management, and AI-driven efficiency.

Asana (NYSE: ASAN, LTSE: ASAN) has scheduled the release of its third quarter fiscal year 2025 financial results for Thursday, December 5, 2024, after U.S. markets close. The company will host a webcast at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) on the same day to discuss the results. Investors can access the live webcast and replay through the Asana Investor Relations website.

Asana (NYSE:ASAN, LTSE:ASAN) has appointed Josh Abdulla as Head of Customer Experience, reporting to Chief Revenue Officer Ed McDonnell. Abdulla, with over 23 years of experience in customer-facing roles, will oversee Asana's customer success, professional services, and support teams. Previously, as Chief Customer Officer at LiveRamp, he led the Global Services organization, significantly reducing churn.

In his new role, Abdulla will focus on driving adoption and maximizing value for Asana's 150,000+ customers. He aims to enhance customer experiences through shared insights, streamlined communications, and support, with the goal of achieving faster time to value for each customer. This appointment underscores Asana's commitment to expanding its enterprise footprint and enabling customers to run their entire business on the platform.

Asana (NYSE: ASAN) has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Adaptive Project Management and Reporting (APMR). The company was recognized for its Ability to Execute and Completeness of Vision among 13 evaluated vendors. Asana's AI-powered work management platform offers:

• Scalable and adaptable capabilities
• Easy management of complex projects
• Effective resource allocation
• Workflow automation
• Process standardization
• Real-time visibility into work progress

Customer feedback highlights Asana's flexibility, scalability, and ability to consolidate project management data across organizations.

Haymaker Group, an award-winning PR firm, is expanding into San Francisco and Silicon Valley markets after a decade of success in connecting press with tech innovators and investors. The firm has hired Emilie Grace Cole as Vice President to lead the SF office, bringing her expertise from roles at Asana (NYSE: ASAN) and Public.com. This expansion coincides with Haymaker's 10th anniversary and the upcoming Media Summit | NYC conference.

Founded in 2014 by former Forbes reporter J.J. Colao, Haymaker has built a reputation for hosting impactful events connecting tech executives with key media figures. The firm's approach has earned numerous accolades and client praise. With this expansion, Haymaker aims to deepen its commitment to the innovation economy and further its mission of 'PR done right' in the world's most dynamic market for innovation.

Asana (NYSE: ASAN) has appointed Sonalee Parekh as its new Chief Financial Officer, effective September 11, 2024. Parekh, with over 25 years of experience in technology and banking, will succeed Tim Wan, who has served since 2017. Parekh's previous roles include CFO at RingCentral and Divisional CFO at Hewlett Packard Enterprise. At Asana, she will oversee the global finance organization and support the company's growth phase, particularly focusing on AI's potential in work management.

During her tenure at RingCentral, Parekh guided the company to double its operating profit while maintaining double-digit revenue growth and exceeding $2 billion in annual recurring revenue. At HPE, she led the transition to an as-a-service business model and managed key acquisitions in high-growth areas.