Asana reported first-quarter earnings of five cents per share, beating the four-cent estimate, according to Benzinga. The company missed revenue expectations with $187.27 million versus $192.6 million projected. Core customers spending over $5,000 annually rose 10%, while customers spending over $100,000 increased 20%. The company posted a 95% net retention rate and announced its AI Studio has surpassed $1 million in annual recurring revenue. Asana guided second quarter EPS between four and five cents, slightly above consensus, and forecast revenue of $192 to $194 million. It lowered full-year revenue guidance from $775 to $790 million, below the prior estimate of $857.76 million. Shares fell 2.63% in after-hours trading.
