Shares of Braze (NASDAQ:BRZE) soared more than 20% intra-day today after the company posted its Q1 earnings results, with EPS coming in at ($0.13), better than the Street estimate of ($0.18). Revenue of $101.8 million beat the Street estimate of $98.99 million.
Despite facing a tough operational landscape, management has effectively delivered impressive results. They surpassed Street figures for total revenue, subscription revenue, and operating margin. Also, the company set a new record by generating nearly $22 million in free cash flow in the first fiscal quarter.
For Q2/24, the company expects EPS in the range of ($0.13)-($0.14), compared to the Street estimate of ($0.16), and revenue in the range of $108-$109 million, compared to the Street estimate of $107.18 million.
Management expects full-year EPS to be in the range of ($0.51)-($0.55), compared to the Street estimate of ($0.55), and revenue in the range of $442.5-$446.5 million, compared to the Street estimate of $436.43 million.