Asana reports Q2 non-GAAP EPS 6c, consensus 5c

Reports Q2 revenue $196.9M, consensus $193.01M. “Every company is looking for the productivity unlock from AI. With the Asana (ASAN) Work Graph and AI Studio, we bring AI workflows directly into the flow of work-so teams move faster, operate more efficiently, and deliver stronger business outcomes,” said CEO Dan Rogers. “This is a massive, underserved opportunity and we are already executing on this vision with AI Studio, Smart Workflows, and our soon-to-be-launched Teammates.” “Q2 was a solid quarter. We delivered revenue growth above the high end of our guidance, saw NRR stabilize quarter over quarter with improvement in expansion as AI Studio ramps, and expanded non-GAAP operating margin by 16 percentage points year over year,” said CFO Sonalee Parekh. “Looking ahead, we are raising both our full-year revenue and non-GAAP operating margin guidance, reflecting our confidence in Asana’s ability to drive long-term durable growth and sustained profitability.”