- Asana surpassed Q2 FY2027 earnings per share (EPS) and revenue expectations.
- Growth was fueled by improved customer retention and strong enterprise segment performance.
Asana (NYSE:ASAN) is a company that provides a work management platform. This software helps teams organize, track, and manage their projects and tasks. It competes with other project management tools in the market. Asana recently reported its financial results for the second quarter of its fiscal year 2027.
On September 3, 2026, Asana announced its quarterly earnings. The company reported an earnings per share (EPS) of $0.10. This result surpassed the analyst consensus estimate of $0.09 per share. As highlighted by Zacks, this represents an 11.11% earnings surprise and is an increase from the $0.06 per share reported a year ago.
The company also posted strong revenues of $216.43 million for the quarter. This figure exceeded the estimated $214.15 million. This performance marks a 10% increase compared to the same quarter last year and is the fourth consecutive quarter that Asana has topped revenue estimates.
This growth is driven by improving customer retention and stronger performance in its enterprise segment. Overall dollar-based net retention, a metric showing how much revenue is kept from existing customers, rose to 97%. For core customers spending over $5,000 annually, revenue grew 11% year-over-year.
