Shares of ServiceTitan rose after the company lifted its fiscal-year outlook and reported first-quarter earnings ahead of Wall Street expectations.

The stock climbed 14.89%, to $85.40, after-hours Thursday.

The software company for contractors on Thursday said it now expects fiscal-year revenue between $1.13 billion and $1.14 billion, up from a previous range of $1.11 billion to $1.12 billion.

Analysts polled by FactSet are expecting $1.12 billion in revenue.

ServiceTitan reported a first-quarter loss of $22.8 million, or 24 cents a share, compared with a loss of $46.4 million, or 51 cents a share, a year earlier.

Stripping out certain one-time items, the company logged adjusted earnings of 37 cents a share. Analysts were expecting 28 cents a share.

Revenue rose to $268.8 million from $215.7 million a year prior. Analysts were expecting $256.7 million.

For the current second quarter, the company is expecting revenue between $284 million and $286 million.

Analysts are expecting $280.7 million.