04:47 PM EDT, 05/08/2024 (MT Newswires) -- HubSpot ( HUBS ) reported Q1 non-GAAP net income late Wednesday of $1.68 per diluted share, up from $1.22 a year earlier.

Analysts polled by Capital IQ expected $1.50.

Revenue in the quarter ended March 31 rose to $617.4 million from $501.6 million a year earlier.

Analysts surveyed by Capital IQ expected $598.2 million.

The company expects Q2 non-GAAP net income of $1.62 to $1.64 per diluted share on sales of $617 million to $619 million. Analysts surveyed by Capital IQ expect EPS of $1.57 on revenue of $623.8 million.

HubSpot ( HUBS ) expects 2024 non-GAAP net income of $7.30 to $7.38 per diluted share on revenue of $2.55 billion to $2.56 billion. Analysts surveyed by Capital IQ expect EPS of $6.97 on revenue of $2.56 billion.

Shares of the company fell 1% in recent after-hours activity.

Price: 584.00, Change: -6.05, Percent Change: -1.03