Asana Beats Q1 Revenue Estimates, Lifts Outlook on AI Adoption Momentum

Asana (NYSE:ASAN) on Thursday reported fiscal first-quarter revenue that exceeded expectations and raised its full-year guidance, driven by accelerating adoption of its AI-powered workflow automation tools. Revenue rose 9.5% to $205.1 million, topping analysts’ forecasts. The company forecast next-quarter revenue of $214 million at the midpoint, roughly 0.9% above estimates, and posted non-GAAP earnings of $0.10 per share, a 33.2% beat. Net retention rates improved for a fourth straight quarter, and the technology sector returned to growth, helped by customer expansions with CoreWeave and Epson. CEO Daniel Mark Rogers cited multiproduct adoption and operational discipline for margin gains. The acquisition of Stack.ai is expected to extend cross-system automation, enabling more complex enterprise workflows. Asana’s stock edged up to $6.99 from $6.74 before the report. CFO Aziz Megji said only modest net retention improvements are assumed in the outlook, reflecting cautious optimism.