Asana Inc (NYSE:ASAN) announced its first-quarter financial results on Thursday after market close.

The company also announced the acquisition of StackAI.

Here are the key highlights. • Asana shares are powering higher.

Why are ASAN shares rallying?

Asana Q1 Financials The company reported first-quarter revenue of $205.1 million, up 9.5% year-over-year.