Why Asana Shares Were Flying High on Thursday

Shares of Asana (NYSE: ASAN) are soaring today, up by 15.6% as of 3:47 p.m. EDT. Investors are showing their appreciation for the workplace software solutions provider's solid fiscal Q2 2022 performance.

Asana published those quarterly results after market hours Wednesday, revealing that it earned $89.5 million in revenue -- a 72% year-over-year increase. Meanwhile, the company's non-GAAP (adjusted) net loss widened to just under $40 million ($0.23 per share) versus the Q2 2021 loss of slightly over $27 million.

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Source Fool.com