AppFolio (APPF) reported Q1 non-GAAP net income Thursday of $1.21 per diluted share, up from $1.05 a year earlier.
Analysts polled by FactSet expected $1.22.
Revenue for the quarter ended March 31 was $217.7 million, up from $187.4 million a year earlier.
Analysts surveyed by FactSet expected $220.4 million.
The company continues to expect fiscal 2025 revenue between $920 million and $940 million.
Analysts polled by FactSet expect $934.7 million.
On Wednesday, AppFolio's board authorized a $300.0 million share repurchase program relating to shares of Class A common stock, replacing previously reported $100 million program, which has been substantially exhausted.
The company's shares were falling past 8% in recent after-hours activity.
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