Asana

At the Citi Global TMT Conference, Asana announced a strategic shift to “agent-based work management” that integrates human and AI agents into the workflow. Management reported accelerated revenue growth of 10% year over year, net revenue retention of 97%, and that AI products made up 25% of net new business. Asana is rolling out several new products and 30 preconfigured teammates, adjusting go-to-market and onboarding, and moving more toward usage-based pricing models, which will weigh on near-term revenue recognition and the PLG segment. » More on de.investing.com

Asana beat consensus expectations in Q2 for revenue (USD 216.4m, +10% y/y) and adjusted EPS (USD 0.10), but its stock dropped about 10.9% in premarket trading after a weaker outlook. For Q3 the company expects adjusted EPS of USD 0.08 and revenue of USD 217–219m, implying growth slowing by roughly 8–9%. Gross margin fell to 87% due to higher AI infrastructure costs, integration effects from the StackAI acquisition and product-mix shifts, undermining market confidence. Analysts including Citizens and Citi maintained positive ratings and raised price targets, while investors reassess the costs and pace of the AI transition. » More on de.investing.com

Asana reported a non‑GAAP EPS of $0.10 for Q2 on revenue of $216.4 million, slightly beating consensus estimates. Revenue growth accelerated to 10% year‑over‑year, and AI products accounted for about 25% of new annual net revenue. Management announced a shift to a hybrid model of subscriptions and usage‑based AI pricing, which could cause short‑term margin pressure and a timing shift in revenue recognition. The stock fell about 9.6% after the close against the backdrop of a conservative outlook and the upcoming product and pricing model changes. » More on de.investing.com