Thanks for the heads up post regarding Asana’s first reported Q. Bert wrote a nice Deep Dive about Asana on 10/8/20 at Tickertarget.com and since posted behind the firewall at SeekingAlpha.com. In his DD he reasoned for the sustained and perhaps accelerating growth in top and bottom lines. I lost track since.
Regarding positioning in the market I found what Bert said to be interesting.
And the fact is, given the price points for these solutions, users can deploy all of them, and many probably do so. When enterprises are spending $200k/year as an average for a team member all-in, spending an extra $20-$30 month to enhance communication or establish accountability or more clearly analyze the progress toward a task is not a huge investment.
My agreement with the reasoning presented by some of you and that of Bert, I took a small position in Asana.
If you, like me, are interested in what the Slack and or Zoom integration with Asana look like I recommend watching at least the first video at this Asana blog site ‘Slacking with Asana’ here https://blog.asana.com/2020/05/remote-work-integrations/
Why I sold some Zoom for the money to purchase a small position in Asana:
Ronjonb’s post titled: Reality vs Perception https://discussion.fool.com/MessagePrint.aspx?mid=34689020 , in concrete terms stated the general idea of The Wall of Worry Zoom is climbing. GouchoRico’s response to my suggestion that Zoom might enter larger Enterprises quite quickly is here: https://discussion.fool.com/jason-thanks-for-posting-that-you-pr…. It was my reply post to his Monthly portfolio, just prior to this one, where I realized my reasoning for staying overweighted in Zoom was so thin. That’s where I had convinced myself to bring my Zoom position down to 12%.
Jason