Asana Stock Trades Higher On Q1 Financials, StackAI Acquisition: What Investors Need To Know

Asana reported Q1 revenue of $205.1 million (up 9.5% YoY), beating estimates of $203.6 million, with EPS of 10 cents versus 7 cents expected. The company announced the acquisition of StackAI, a no-code AI workflow platform, to enhance its operating system for human-agent teams. Asana raised full-year revenue guidance to $855-$863.5 million and stock rose 3.3% in after-hours trading.