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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 is expanding its Asana Partners ecosystem to enhance security and scalability for enterprises. The new integrations with Splunk and Netskope aim to empower IT leaders by providing better data control and visibility. The Audit Log API will offer real-time alerts for security compliance, and upcoming integrations will support Cloud Access Security Broker capabilities. Asana now boasts over 200 partner tools across 75 countries, demonstrating its commitment to aiding organizations in adapting to hybrid work environments.
Asana, Inc. (NYSE: ASAN) announced the launch of its Enterprise Work Graph, a suite of features designed to enhance cross-functional collaboration for large enterprises. Set to debut at the Scale Enterprise Summit on
Asana, Inc. (NYSE: ASAN) announces its CFO, Tim Wan, will present at several upcoming investor events. These include the Wolfe Research Inaugural TMT Conference on September 8, 2021, Piper Sandler Global Technology Conference on September 14, 2021, and Jefferies Virtual Software Conference on September 15, 2021. A live webcast and replay will be available on Asana's investor relations website. Asana serves over 107,000 paying customers globally and aids teams in managing diverse projects.
Asana has appointed Anne Raimondi as its new Chief Operating Officer, succeeding Chris Farinacci, who will retire at the end of the fiscal year. Raimondi brings over 20 years of experience in SaaS, having previously held leadership positions at Guru, Zendesk, and TaskRabbit. She aims to enhance Asana’s growth and business operations, reporting directly to CEO Dustin Moskovitz. Moskovitz praised her empathetic leadership and deep familiarity with the company. Asana serves over 107,000 paying customers globally, positioning itself as a leader in work management.
Asana reported robust second quarter fiscal 2022 results, achieving a 72% year-over-year revenue growth of $89.5 million. Customers spending $5,000+ annually saw a 97% revenue increase, with those spending $50,000+ rising 111% to 598. Despite this growth, the GAAP net loss widened to $68.4 million, and operating loss was $60.1 million. Free cash flow also remained negative at $9.3 million. Asana raised its revenue outlook for fiscal year 2022, expecting $357 million to $359 million in revenue.
Asana, Inc. (NYSE: ASAN) announced that it will release its financial results for Q2 fiscal year 2022 on September 1 after U.S. market close. The company will hold a webcast at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) that day to discuss the results. Asana serves over 100,000 paying customers globally, including major corporations like Amazon and Under Armour, providing a platform for efficient team management and project orchestration.
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