Asana, Inc. (NYSE:ASAN) Q3 2023 Earnings Call Transcript December 1, 2022 4:30 PM ET

Company Participants

Catherine Buan - Investor Relations

Dustin Moskovitz - Co-Founder & Chief Executive Officer

Anne Raimondi - Chief Operating Officer & Head, Business

Tim Wan - Chief Financial Officer

Conference Call Participants

Andrew DeGasperi - Berenberg

Ittai Kidron - Oppenheimer

Allan Verkhovski - Wolfe Research

Steve Enders - Citi

Brent Thill - Jefferies

Sophie Lee - Morgan Stanley

Brent Bracelin - Piper Sandler

Jackson Ader - SVB Securities MoffettNathanson

Jason Celino - KeyBanc Capital Markets

Robert Simmons - D.A. Davidson

Patrick Walravens - JMP Securities

Rob Oliver - Baird

Operator

Good afternoon. Thank you for attending today's Asana Q3 Fiscal Year 2023 Earnings Call. My name is Bethany; I will be the moderator for today's call. [Operator Instructions]

I would now like to pass the conference over to our host, Catherine Buan. Please go ahead.

Catherine Buan

Hi, good afternoon, and thank you for joining us on today's conference call to discuss the financial results of Asana's third quarter fiscal 2023. With me on today's call are Dustin Moskovitz, Asana's Co-Founder and CEO; Anne Remondi, our Chief Operating Officer and Head of Business; and Tim Wan, our Chief Financial Officer.

Today's call will include forward-looking statements, including statements regarding our expectations regarding free cash flow, our financial outlook, strategic plans, our market position, and growth opportunities.

Forward-looking statements involve risks, uncertainties and assumptions that may cause our actual results to be materially different from those expressed or implied by the forward-looking statements. Please refer to our filings with the SEC, including our most recent annual report on Form 10-K and quarterly report on Form 10-Q for additional information on risks, uncertainties and assumptions that may cause actual results to differ materially from those set forth in such statements.

In addition, during today's call, we will be non-GAAP financial measures. These non-GAAP financial measures are in addition to and not a substitute for or superior to measure the financial performance prepared in accordance with GAAP. Reconciliation between GAAP and non-GAAP financial measures and a discussion of the limitations of using non-GAAP measures versus their closest GAAP equivalents are available in our earnings release, which is posted on our Investor Relations web page at investors.asana.com.

And with that, I'd like to turn the call over to Dustin.

Dustin Moskovitz

Thank you, Catherine, and thank you to everyone for joining us on the call today. As you saw in the earnings release, Asana reported strong Q3 revenue growth and notable operating margin improvement in the quarter.