Overview
- The company reported adjusted EPS of $1.58 versus the $1.47 estimate and revenue of $3.19 billion versus the $3.01 billion consensus.
- Revenue grew 28% year over year and adjusted EPS rose 52%, while adjusted operating margin reached 7.6%.
- Management raised its fiscal 2025 outlook to $12.2 billion in revenue from $11.55 billion and to $5.90 in adjusted EPS from $5.50.
- Shares rose about 9% in extended trading to $329.95, according to Benzinga Pro data.
- Before the release, analysts had boosted views, including RBC’s target to $315 with Outperform and Goldman Sachs’ Buy initiation at $340, against a pre-report consensus of $1.49 EPS and $3.04 billion revenue.