ASAN vs WDAY

Asana positions itself as a foundational 'system of action' for the emerging Agentic Enterprise, highlighting rapid adoption of its AI Studio product and an expected launch of AI Teammates to embed agents directly into workflows. The company emphasizes its Work Graph data model and enterprise governance as enablers of persistent memory and trusted agent execution. It has expanded integrations with major AI platforms (notably an Asana app in Claude) and cites Anthropic among organizations building with Asana. Financially, Q4 FY26 revenue was $205.6M (up 9% YoY), non-GAAP operating income was $18.2M, non-GAAP net income was $19.9M, and free cash flow was $24.2M. Guidance for Q1 FY27 revenue is $202.5M–$204.5M and FY27 revenue guidance is $850M–$858M, with non-GAAP EPS guidance provided. Overall tone is bullish, with management linking AI product adoption and continued AI platform investment to durable, profitable growth while noting standard integration and macro risks.

Workday positions itself as an "enterprise AI platform" and is actively shipping and monetizing AI capabilities: Sana Core and Sana Enterprise reached GA; Paradox Conversational ATS is available through Workday for conversational recruiting; Workday acquired Pipedream to provide integration for AI agents; and Workday launched an AI-powered Deployment Agent and a Workday EU Sovereign Cloud. Management emphasizes prioritized investment in an "agentic AI roadmap," delivered 1.7 billion AI actions in fiscal 2026, and expanded AI-related partnerships (Anthropic, Google BigQuery). Financially, fiscal 2026 total revenues were $9.552B (up 13.1% YoY), non-GAAP operating income was $2.824B, net income $693M, and free cash flow $2.777B. Guidance includes Q1 FY2027 subscription revenue of $2.335B and FY2027 subscription revenue of $9.925B–$9.950B; management also guided ~30% non-GAAP operating margin for FY2027 and reaffirmed investments in its agentic AI roadmap.