Several tech companies have reported strong quarterly results, driven by the adoption of AI-powered products and solutions. Asana reported Q1 CY2026 revenue up 9.5% year on year to $205.1 million, beating market expectations, and now expects 2026 revenue to be in the range of $1.03 billion to $1.04 billion. Okta's Q1 revenue rose 11.2% year on year to $765 million, ahead of Wall Street's expectations.
UiPath also reported strong Q1 results with revenue up 17.3% year on year to $418 million. Dell's Q1 earnings beat expectations, driven by a surge in AI server revenue, with $24.4 billion in AI orders booked. The company raised its full-year AI server revenue forecast.
Asana has been investing in AI capabilities, acquiring Stack AI for $75 million to enhance its AI-native workplace platform. The company is betting on a future where AI agents work alongside humans, with Asana acting as the coordination layer for enterprise agent collaboration.
Other companies making strides in AI include Zeta Global, which saw its stock rise 15% year-to-date with its AI-powered marketing and customer data software. NEAR has achieved product market fit with its AI-driven transactions and cross-chain capabilities.
In other news, the UK Home Office plans to introduce AI facial recognition technology to check the age of asylum seekers. Scale AI has been making waves with its AI solutions, and Eli Lilly and Company is among the top stock picks of the Claude AI stock portfolio.
Key Takeaways
["* Asana's Q1 CY2026 revenue rose 9.5% year on year to $205.1 million, with 2026 revenue expected to be $1.03 billion to $1.04 billion.", "* Okta's Q1 revenue rose 11.2% year on year to $765 million.", "* UiPath's Q1 revenue rose 17.3% year on year to $418 million.", "* Dell's Q1 earnings beat expectations, driven by $24.4 billion in AI orders.", '* Asana acquired Stack AI for $75 million to enhance its AI capabilities.', "* Zeta Global's stock rose 15% year-to-date with its AI-powered marketing and customer data software.", '* NEAR achieved product market fit with its AI-driven transactions and cross-chain capabilities.', '* The UK Home Office plans to introduce AI facial recognition technology for asylum seekers.', '* Eli Lilly and Company is among the top stock picks of the Claude AI stock portfolio.', '* Scale AI is making strides with its AI solutions.']Asana Q1 Results Soar on AI Adoption
Asana reported Q1 CY2026 results with revenue up 9.5% year on year to $205.1 million, beating market expectations. The company's AI-powered product adoption and workflow automation initiatives drove guidance upgrades. Asana now expects 2026 revenue to be in the range of $1.03 billion to $1.04 billion. The company's Q1 results demonstrate its ability to execute on its strategy and drive growth through AI-powered product adoption and workflow automation.
Okta Q1 Results Shine with AI Identity Initiatives
Okta reported Q1 CY2026 revenue up 11.2% year on year to $765 million, ahead of Wall Street's expectations. The company's large enterprise expansion and AI identity initiatives are driving growth. Okta's Q1 results demonstrate its ability to execute on its strategy and deliver strong financial performance.
UiPath Q1 Results Beat on AI Product Expansion
UiPath reported Q1 CY2026 results with revenue up 17.3% year on year to $418 million, beating market expectations. The company's AI product expansion and operational efficiency initiatives defined the quarter. UiPath's revenue growth was driven by increasing demand for automation software.
Asana Acquires Stack AI to Boost AI Capabilities
Asana acquired Stack AI for $75 million to enhance its AI capabilities and position itself as an AI-native workplace platform. The acquisition is part of Asana's broader AI pivot.
Asana Bets on Humans and AI Agents Working Together
Asana is betting on a future where AI agents are fully immersed in the workplace, acquiring Stack AI to accelerate its shift to managing these enterprise agents. The company's CEO sees Asana as the coordination layer that makes human-agent collaboration work at enterprise scale.
Eli Lilly Tops as Healthcare Stock Pick
Eli Lilly and Company is among the top stock picks of the Claude AI stock portfolio, with a strong track record of innovation and investments in research and development. The company has a diverse portfolio of products and a strong presence in the healthcare industry.
Zeta Global Up 15% with AI-Powered Solutions
Zeta Global, an AI-powered marketing and customer data software provider, saw its stock rise 15% year-to-date. The company's AI-powered marketing platform helps businesses automate and personalize their marketing efforts.
NEAR Achieves Product Market Fit with AI
NEAR has achieved product market fit with its AI-driven transactions and cross-chain capabilities. The company's pivot towards AI infrastructure aligns with its foundational goals.
UK to Use AI Facial Recognition for Asylum Seekers
The UK Home Office plans to introduce AI facial recognition technology to check the age of asylum seekers. The tool aims to prevent abuse of the asylum system by identifying adult migrants claiming to be minors.
Dell Q1 Earnings Beat on AI Server Revenue
Dell reported Q1 FY2027 earnings beating expectations, driven by a surge in AI server revenue. The company booked $24.4 billion in AI orders and raised its full-year AI server revenue forecast.
The NSF Showdown: Science Groups Push for Hearing
Prominent science groups are pressuring the Senate to hold a public hearing on the confirmation of Jim O'Neill as director of the National Science Foundation.
Undervalued AI Stock with Growth Potential
A leading AI solutions provider is trading at a relatively low multiple of 4 times forward earnings, despite strong revenue growth and an expanding customer base.
SaaStr AI Annual: Top Learnings from Agent Day
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XBOT Focuses on AI Robotics and Growth
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Sources
- ASAN Q1 Deep Dive: AI Product Adoption and Workflow Automation Drive Guidance Upgrades
- OKTA Q1 Deep Dive: Large Enterprise Expansion, AI Identity Initiatives, and Product Momentum
- PATH Q1 Deep Dive: AI Product Expansion and Operational Efficiency Define Quarter
- Asana acquires no-code agent-builder Stack AI
- Asana was battered by the AI boom. Now it’s betting its future on humans and agents working together.
- Eli Lilly (LLY): Top Healthcare Stock Pick of Claude AI
- Claude Pitches Under-The-Radar AI Stock That is Up 15% YTD
- Sal Ternullo: Near achieves product market fit with AI-driven transactions, cross-chain capabilities enhance user experience, and the token is undervalued based on fundamentals
- AI facial recognition to check age of asylum seekers from next year
- Dell Q1 FY2027 earnings beat on AI server revenue surge
- AI & Tech Brief: The NSF Showdown
- This AI Stock Is Priced Like a Value Play, But Growing Like a Growth Stock
- How Our AI Agent Booked 614 Meetings from 442K Chats, And Why B Leads Are Pure Gold If You Add AI. The Top Learnings from Agent’s Day of SaaStr AI Annual 2026
- XBOT: Debt-free, focused on AI robotics, Nasdaq listing and factory expansion drive future growth
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