CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — HubSpot Inc. (HUBS) on Thursday reported first-quarter net income of $32.6 million.
The Cambridge, Massachusetts-based company said it had profit of 62 cents per share. Earnings, adjusted for one-time gains and costs, were $2.72 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.47 per share.
The cloud-based marketing and sales software platform posted revenue of $881 million in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $866.7 million.
For the current quarter ending in June, HubSpot expects its per-share earnings to range from $3 to $3.02.
The company said it expects revenue in the range of $897 million to $898 million for the fiscal second quarter.
HubSpot expects full-year earnings in the range of $13.04 to $13.12 per share, with revenue ranging from $3.7 billion to $3.71 billion.
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