<ul><li>Asana Inc. shares dropped over 7% in late trading due to concerns about slowing revenue growth, despite reporting earnings and revenue above expectations for the fiscal 2026 first quarter.</li><li>In the reported quarter, Asana's adjusted earnings per share were five cents, up from a loss of six cents per share in the same period last year. Revenue stood at $187.3 million, a 9% increase year-over-year, surpassing analysts' expectations.</li><li>The company attributed its strong performance to customer growth, with 24,297 'core customers' and 728 customers spending $100,000 or more annually by the end of the quarter.</li><li>Despite positive business highlights like the launch of Asana AI Studio and improved integrations, investors were wary of the lower-than-expected revenue growth rate of 9%, down from 26% in the previous year, leading to the after-hours share price decline.</li></ul>

Asana shares drop as earnings results top estimates but revenue growth slows

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