Braze Holdings Inc. (BRZE: NSD) saw its stock price climb in the after-hours trading session yesterday after the customer engagement platform provider released impressive first-quarter results.

Braze Exceeds Expectations on Revenue and Earnings: 

The company reported an adjusted net loss per share of $0.05, significantly lower than the loss of $0.13 reported in the same quarter last year. This figure also beat analyst expectations of a loss of $0.10 per share.

Braze’s revenue growth was equally impressive. Q1 revenues hit $135.5 million, reflecting a 33.1% year-over-year increase and surpassing analyst estimates of $131.7 million. This strong top-line growth was driven by a 34% surge in subscription revenues.

Increased Customer Commitment Signals Future Growth: 

Braze’s remaining performance obligations (RPO), a key metric indicating future revenue potential, also saw a significant rise. RPO climbed to $657.3 million in Q1, compared to $477.5 million in the same period last year. This growth suggests a strong commitment from existing customers and the potential for continued revenue growth in the coming quarters.

Market Sentiment and Future Outlook: 

In addition to exceeding Q1 expectations, Braze raised its guidance for the full year. This positive outlook on the company’s future performance further boosted investor confidence, leading to the stock price increase in after-hours trading.

With a strong Q1 performance and an optimistic outlook for the rest of the year, Braze Inc. (BRZE: NSD) appears to be well-positioned for continued growth in the customer engagement software market.