08:15 AM EDT, 08/08/2024 (MT Newswires) -- CyberArk Software ( CYBR ) reported Q2 non-GAAP net income Thursday of $0.54 per diluted share, up from $0.03 a year earlier.

Analysts polled by Capital IQ expected $0.40.

Revenue for the quarter ended June 30 was $224.7 million, compared with $175.8 million a year earlier.

Analysts surveyed by Capital IQ expected $219.2 million.

The company increased its full-year 2024 non-GAAP net income guidance to $2.17 to $2.36 per diluted share, from a range of $1.88 to $2.07 previously. Analysts polled by Capital IQ expect $2.03.

Revenue outlook for the year is now expected to be $932 million to $942 million, from a prior range of $928 million to $938 million. Analysts surveyed by Capital IQ expect $934.8 million.

The company said it expects Q3 non-GAAP net income of $0.38 to $0.49 per diluted share. Analysts polled by Capital IQ expect $0.38.

The company expects revenue for the quarter of $230 million to $236 million. Analysts surveyed by Capital IQ expect $232.7 million.

CyberArk's shares were up more than 4% in recent premarket activity Thursday.

Price: 254.21, Change: +10.74, Percent Change: +4.41