Asana Q1 Fiscal 2027 Results Beat Estimates and Completes StackAI Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: seekingalpha
- Strong Earnings: Asana reported adjusted EPS of $0.10 for Q1 ended April 30, exceeding the consensus estimate of $0.08, indicating ongoing improvements in profitability.
- Revenue Growth: The company achieved a 9.5% year-over-year revenue increase to $205 million, surpassing the $203.57 million estimate, reflecting robust market performance and rising customer demand.
- Future Guidance: Asana expects adjusted EPS for the current quarter to range from $0.08 to $0.09 and revenue between $213 million and $215 million, both above market expectations, showcasing confidence in future growth.
- Acquisition Impact: The acquisition of StackAI strengthens Asana's position as the operating system for human-agent teams, enhancing the ability to coordinate complex cross-system workflows, thereby improving customer experience and driving long-term growth potential.
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Analyst Views on ASAN
Wall Street analysts forecast ASAN stock price to rise
11 Analyst Rating
3 Buy
6 Hold
2 Sell
Hold
Current: 6.660
Low
11.00
Averages
15.70
High
19.00
Current: 6.660
Low
11.00
Averages
15.70
High
19.00
About ASAN
Asana, Inc. is an enterprise work management software platform. It enables organizations to align work to goals, coordinate cross-functional work, gain visibility into progress, automate workflows across departments, and scale work securely. It offers two products within the Asana platform to meet the needs of diverse organizations. The Asana platform maintains an application programming interface that enables developers to build apps on Asana and integrate with hundreds of third-party applications like Microsoft Teams, Slack, Jira, Salesforce, Google Workspace, Adobe Creative Cloud and many more. Its flagship product, Asana Work Graph, provides a map of how all work gets done inside an organization. It is built for scale and captures the relationship between the work that teams undertake, the information about that work, the people doing the work, and the outcomes of that work. It provides interactive dynamic views list, calendar, board, timeline, goals, portfolio, reports and more.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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