04:01 AM EST, 11/08/2024 (MT Newswires) -- BILL Holdings ( BILL ) reported fiscal Q1 non-GAAP net income late Thursday of $0.63 per diluted share, up from $0.44 a year earlier.

Analysts polled by Capital IQ expected $0.50.

Revenue for the quarter ended Sept. 30 was $358.5 million, up from $305 million a year earlier.

Analysts surveyed by Capital IQ expected $347 million.

For fiscal Q2, the company expects non-GAAP net income of $0.44 to $0.48 per diluted share on revenue of $355.5 million to $360.5 million. Analysts polled by Capital IQ expect normalized EPS of $0.41 on revenue of $356.1 million.

For fiscal 2025, the company lifted its non-GAAP net income guidance to between $1.65 and $1.83 per diluted share on revenue of $1.44 billion to $1.46 billion, up from its previous projection of earnings of $1.36 to $1.61 per share on $1.42 billion to $1.45 billion in revenue. Analysts polled by Capital IQ expect normalized EPS of $1.72 on revenue of $1.44 billion.

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