Asana shares fell 12.78% in extended trading Thursday to $8.80 after the work-management software provider reported fiscal second-quarter revenue of $216.43 million, up 10% year over year and above the $214.12 million analyst estimate and the high end of its guidance. Adjusted earnings of 10 cents per share exceeded the nine-cent estimate. AI products generated roughly a quarter of net new annual recurring revenue, U.S. growth returned to double digits for the first time in more than two years, net revenue retention improved across reported cohorts, and customers spending at least $100,000 annually increased 16% to 890. Asana forecast third-quarter revenue of $217 million to $219 million, broadly around the $218.16 million estimate, but adjusted earnings of eight cents per share below the nine-cent estimate. The company raised full-year revenue guidance to $858.5 million to $863.5 million, reaffirmed its full-year adjusted earnings outlook of 37 cents per share, and raised its full-year AI product net new ARR target from 15% to 20%.