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Asana, Inc. (NYSE:ASAN) stock is trading lower on Wednesday after the company reported 2025 fiscal year second quarter results on Tuesday and issued third quarter guidance below estimates.
The Details: The company reported a loss of five cents beating analysts estimate of a loss of eight cents per share and sales of $179.21 million beating analysts estimate of $177.65 million.
Asana reported that the number of Core customers, that is customers spending $5,000 or more on an annualized basis, grew to 22,948 during the quarter. Furthermore, revenue from these customers grew 11% year-over-year. In addition, customers spending $100,000 or more on an annualized basis grew to 649. This represents a 17% year-over-year growth.
“We’re at a pivotal moment where AI has enormous potential to revolutionize work management. We are clearly moving in the right direction and are well-positioned to capitalize on the consolidation opportunity in the enterprise market,” said Dustin Moskovitz, co-founder and CEO of Asana.
Guidance: The company issued guidance for the third quarter and the 2025 fiscal year.
Analyst Changes: Following the earnings report, several analysts issued price target adjustments.
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ASAN Price Action: As of Wednesday morning, Asan shares are trading 7.07% lower at $12.35, according to data from Benzinga Pro.
Image: Photo by FellowNeko via Shutterstock
Posted In: ASAN