May 6 (Reuters) - Axon Enterprise ( AXON ) raised its

full-year core profit and revenue forecast Monday, banking on

strong demand for its software products and recently launched

TASER 10 policing device.

The company now expects full-year 2024 revenue to be between

$1.94 billion and $1.99 billion, compared with its previous

forecast of $1.88 billion to $1.94 billion.

Axon is the leading maker of police body cameras in the U.S.

and supplies drones to law enforcement agencies in North

America, Europe and Australia.

It expects adjusted core profit in the range of $430 million

to $445 million, up from its previous forecast range of $410

million to $430 million.

Axon also announced that it would acquire drone defense

firm Dedrone. However, it did not disclose a deal value.

The transaction would increase Axon's total addressable

market size by $14 billion, is expected to close in the second

half of 2024.

The company reported revenue of $461 million in the first

quarter, up 34% year-on-year and above analysts' estimates of

$441.6 million.

On an adjusted basis, the Arizona-based firm reported

adjusted earnings per share of $1.15 beating analysts' estimates

of 94 cents per share, according to LSEG data.