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Asana posts Q3 results, ponders impact of Adobe on enterprise work management

Asana posts Q3 results, ponders impact of Adobe on enterprise work management Read later Summary: Asana beats growth expectations in Q3, sees enterprise opportunity ahead as Adobe closes acquisition of its competitor (© nopporn - shutterstock) Work management vendor Asana yesterday reported its first quarterly results after becoming a public company in September. Its 55% growth rate pleased Wall St, which initially marked the shares up around 11% this morning (before pulling back later in the day), even though losses exceeded revenues as the company ramped up investment in sales expansion. The fastest growth was in larger customers, a market the company has targeted in recent product announcements. Those spending at a rate of $50,000 or more per year more than doubled in the past year to 318, and as Chris Farinacci, COO and Head of Business pointed out in prepared remarks:

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