Asana Inc., Smartsheet Inc., Docusign Inc. and Domo Inc. all released fiscal third-quarter earnings today, and it was a mixed bag of strong revenue results and adjusted profit improvements.
Starting with Asana, for the quarter that ended on Oct. 31, the company reported an adjusted earnings per share loss of two cents, down from a loss of four cents per share in the same quarter of the previous year, on revenue of $183.9 million, up 10% year-over-year. Both figures were better than analysts’ predictions of a loss of seven cents per share on revenue of $180.6 million.
Asana saw its number of customers spending more than $5,000 or more on an annualized basis grow to 23,609 in the quarter, up 11% year-over-year. The number of customers spending $100,000 or more grew to 683, up 18% year-over-year.
Highlights in the quarter include Asana launching AI Studio, a no-code tool companies can use to create AI agents that can be embedded into workflows they design and deploy anywhere in the Asana platform, in October.
For its fourth quarter, Asana expects to see a net loss per share of one cent to two cents on revenue of $187.5 million to $188.6 million, both ahead of expectations. Asana shares jumped 17% in late trading.
Smartsheet, which entered an agreement to be acquired by Blackstone Group LP and Vista Equity Partners Management in a $8.4 billion deal in September, reported adjusted earnings per share of 43 cents, up from 16 cents a year prior, on revenue of $286.9 million, up 17% year-over-year. Shares in Smarsheet were flat after hours, given the impending acquisition.
Docusign reported adjusted earnings per share of 90 cents, up from 79 cents in the third quarter of the previous fiscal year, on revenue of $754.9 million, up 8% year-over-year. Analysts had expected adjusted earnings of 87 cents on revenue of $745.26 million.
Subscription revenue at Docusign in the quarter rose 8% to, hitting $734.7 million, and professional services revenue grew 11%, to $20.1 million.
For its fourth quarter, Docusign expects revenue of $758 million and $762 million, ahead of an expected $756.2 million and for the full year, revenue of $2.959 to $2.963 billion, ahead of the consensus estimate of $2.947 billion. Docusign shares shot up nearly 14% in late trading.
Finally, Domo reported an adjusted loss per share of eight cents on revenue of $79.8 million. Both figures were beats, as analysts had expected an earnings per share loss of 15 cents on revenue of $77.55 million.
For its fiscal fourth quarter and full year, the company expects revenue of $78 million and $316 million, respectively, at the midpoint, roughly in line with expectations. Domo shares were mostly flat in after-hours trading.
Image: SiliconANGLE/Ideogram
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