04:42 PM EDT, 05/22/2024 (MT Newswires) -- Zuora ( ZUO ) reported fiscal Q1 non-GAAP net income Wednesday of $0.11 per share, up from $0.05 a year ago.

Analysts polled by Capital IQ expected $0.07.

Revenue for the quarter ended April 30 was $109.8 million, up from $103.1 million last year. Analysts surveyed by Capital IQ expected $108.8 million.

For Q2, Zoura forecasts non-GAAP net income per share between $0.09 to $0.10 and revenue in the range of $111.5 million to $113.5 million. Analysts polled by Capital IQ expect normalized EPS of $0.09 on revenue of $112.5 million.

For fiscal 2025, the company sees non-GAAP net income between $0.41 to $0.43 and revenue in the range of $451 million to $459 million. Analysts surveyed by Capital IQ expect normalized EPS of $0.41 on revenue of $455 million.

Company shares were up 9% in after-hours activity.

Price: 10.75, Change: +0.89, Percent Change: +8.99