Asana, Inc. (ASAN) shares soared 15.02% during intraday trading on Friday, extending significant pre-market gains.
The collaboration software firm reported first-quarter fiscal 2027 financial results that exceeded analyst expectations, with adjusted earnings per share of $0.10 beating the consensus estimate of $0.08. Revenue for the quarter reached $205.1 million, representing a 9.5% year-over-year increase and coming in above estimates.
Concurrently, Asana announced the acquisition of StackAI, a no-code platform that helps enterprises create AI agents and automate workflows across business systems. The company also raised its full-year fiscal 2027 revenue guidance, citing increased adoption of its AI Studio and AI Teammates products as key drivers of the positive results.
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