09:41 AM EDT, 05/02/2024 (MT Newswires) -- CyberArk Software ( CYBR ) reported Q1 non-GAAP net income Thursday of $0.75 per diluted share, swinging from a loss of $0.17 a year earlier.

Analysts polled by Capital IQ expected $0.28.

Revenue for the quarter ended March 31 was $221.6 million, up from $161.7 million a year earlier.

Analysts surveyed by Capital IQ expected $213.3 million.

For Q2, the company said it expects non-GAAP net income of $0.34 to $0.44 per diluted share on revenue of $215 million to $221 million. Analysts polled by Capital IQ expect adjusted EPS of $0.30 on revenue of $221.2 million.

For 2024, the company said it now expects non-GAAP net income of $1.88 to $2.07 per diluted share, up from its prior guidance of $1.63 to $1.81. Analysts surveyed by Capital IQ expect $1.76.

Revenue for the year is now expected between $928 million and $938 million, up from its previous outlook of $920 million to $930 million. Analysts polled by Capital IQ expect $927.2 million.

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