Several tech companies have reported significant growth and advancements in AI, driving their revenue and profitability. ZS reported 25% growth in annual recurring revenue (ARR) and revenue, with record operating margins, driven by strong AI security momentum.
Asana reported 10% revenue growth to $216.4 million, beating guidance, with AI products driving 25% of new ARR. The company launched Agentic Work Management (AWM), embedding AI Teammates, AI Studio, and Asana Dash into all paid tiers.
Dell Technologies' stock jumped 16% after reporting strong Q2 results, with an AI backlog reaching $95 billion and AI server orders of $60.9 billion. The company's Infrastructure Solutions Group revenue reached $31.8 billion.
The National Science Foundation awarded $20 million to the University of Southern California to renew the AI 4 Optimization (AI4OPT) institute, focusing on fusing AI and optimization to achieve breakthroughs in real-world applications.
AI training data startup AfterQuery raised $3.2 billion in funding, paying specialists to produce reasoning data to teach AI models judgment.
Key Takeaways
• ZS reported 25% growth in ARR and revenue, driven by strong AI security momentum. • Asana reported 10% revenue growth to $216.4 million, with AI products driving 25% of new ARR. • Dell's AI backlog reached $95 billion, with AI server orders of $60.9 billion. • The University of Southern California received a $20 million NSF award to renew the AI 4 Optimization institute. • AI training data startup AfterQuery raised $3.2 billion in funding.ZS Sees 25% Growth in ARR and Revenue
ZS reported 25% growth in annual recurring revenue (ARR) and revenue, with record operating margins. The company's strong AI security momentum drives its outlook. ZS expects continued double-digit growth and robust free cash flow. AI adoption and integrated Zero Trust solutions are key growth drivers.
Asana Surges Past Guidance with 10% Revenue Growth
Asana reported 10% revenue growth to $216.4 million, beating guidance. AI products drove 25% of new ARR. The company launched Agentic Work Management (AWM), embedding AI Teammates, AI Studio, and Asana Dash into all paid tiers. Asana raised its full-year AI net new ARR target from 15% to 20%.
Asana Inc (ASAN) Q2 2027 Earnings Call Highlights
Asana Inc reported revenue of $216.4 million, up 10% year-over-year. AI products drove 25% of net new ARR. The company has 26,778 core customers and 890 customers spending $100,000+ annually. Asana's net revenue retention improved to 97%.
Dell Stock Jumps on AI Backlog
Dell Technologies stock jumped 16% after reporting strong Q2 results. The company's AI backlog reached $95 billion, with AI server orders of $60.9 billion. Dell's Infrastructure Solutions Group revenue reached $31.8 billion.
Dell Stock Jumps Nearly 10% as AI Backlog Hits $95 Billion
https://finance.yahoo.com/markets/stocks/articles/dell-stock-jumps-nearly-10-155208752.html
Red Hat CEO: AI Hardware Shortages Can Be a Big Win for Partners
Red Hat CEO Matt Hicks highlights opportunities for solution providers to navigate the component supply chain crisis and address AI model security concerns. Red Hat's OpenShift platform helps partners maximize AI hardware utilization.
Filmmakers Tout AI Use in Hollywood
Hollywood filmmakers are using AI to save money and enhance productions. AI is used for backdrops, previsualization, and post-production. Despite backlash, major studios are embracing AI in the production process.
NSF Awards $20M to USC for AI Institute
The National Science Foundation awarded $20 million to the University of Southern California to renew the AI 4 Optimization (AI4OPT) institute. The institute will focus on fusing AI and optimization to achieve breakthroughs in real-world applications.
AI Training Data Startup Raises $3.2 Billion
AfterQuery, an AI training data startup, reached a $3.2 billion valuation. The company pays specialists to produce reasoning data to teach AI models judgment.
AI Makes Small Trade Loans More Viable
Startups like Comfi, Hokodo, and Treyd are using AI to make small trade loans more viable. AI can read invoices and payment history to assess creditworthiness.
MIT-IBM Collaboration Expedites AI and Quantum Deployment
The MIT-IBM Computing Research Lab is working on expediting AI and quantum deployment. The collaboration has led to breakthroughs in reinforcement learning, quantum machine learning, and trustworthy AI.
Box Sees Stronger AI Guidance
Box reported higher quarterly sales and net income, with upbeat revenue and earnings guidance. The company's AI-driven content services are driving growth and profitability.
Grid Dynamics Sees Growth in AI
Grid Dynamics transitioned from a crypto miner to an AI company, seeing significant strides in AI. The company's AI solutions have potential applications in various industries.
Sources
- ZS: 25% ARR and revenue growth, record margins, and strong AI security tailwinds drive outlook
- [Asana Q2 2027 Earnings Call] Asana Surges Past Guidance with 10% Revenue Growth as AI Products Drive 25% of New ARR
- Asana Inc (ASAN) (Q2 2027) Earnings Call Highlights: AI Products Drive 25% of Net New ARR Amid Strategic Transition
- Dell (DELL) Stock Jumps As AI Backlog Recasts Growth Outlook
- Dell Stock Jumps Nearly 10% as AI Backlog Hits $95 Billion
- Red Hat CEO: Partners can turn AI complexity into a growth opportunity
- Filmmakers tout AI’s use in Hollywood at the other film festival in Venice
- NSF Awards $20M to USC and Collaborators to Renew AI Institute - USC Viterbi
- An AI Training Data Startup Just Became Y Combinator's Fastest-Ever Unicorn
- AI Could Make Small Trade Loans Pay Off Again
- From MIT to IBM, expediting AI and quantum deployment
- Stronger AI Guidance And Capital Moves Might Change The Case For Investing In Box (BOX)
- Bull of the Day: Grid Dynamics (GDYN)
Comments
Please log in to post a comment.