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Anthropic's AI coding tool Claude Code drives 900% revenue growth and new reporting tools for enterprises.

Market News
28 Oct 2026, 22:19 WIB
TechCrunch
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Bullish
Anthropic's AI coding tool Claude Code drives 900% revenue growth and new reporting tools for enterprises.

Anthropic reported strong financial results with its AI coding tool Claude Code, achieving an operating profit in Q2 and 900% net revenue retention, meaning existing customers spent nine times more year-over-year. The company introduced new reporting tools to help enterprise users track and optimize their token spending, addressing concerns about AI investment returns. Despite competition from OpenAI's Astra model, Anthropic maintains a leading position in enterprise adoption due to established workflows and embedded support teams. This positions Anthropic well for continued growth as businesses seek to better manage AI tool costs and benefits.

Anthropic's AI spending tools provide context for technology sector performance on Pluang. For readers following Technology-sector US stocks, here is Pluang's market snapshot as of Oct 29, 2026 00:21 WIB: out of 150 priced stocks, 59 rose and 88 fell. Notable movers include Teradyne, Inc. (TER) at USD 310.11 with a 1-day change of -4.19% and 75% buy activity, Accenture plc (ACN) at USD 244.74 with a 1-day change of +4.07% and 85% sell activity, and Corning Incorporated (GLW) at USD 131.50 with a 1-day change of +4.07% and balanced buy/sell activity.

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