Shares of BILL Holdings Inc. (NYSE: BILL) skyrocketed 19.39% on November 8, 2024, following the company's impressive fiscal first-quarter 2025 earnings report. The cloud-based software provider handily beat Wall Street's expectations for both earnings and revenue, fueling investor optimism about the company's growth prospects.

For the quarter ended September 30, 2024, BILL reported adjusted earnings per share of $0.63, a remarkable 28.57% above the consensus estimate of $0.50. Revenue soared 17.53% year-over-year to $358.45 million, comfortably exceeding analysts' expectations of $348.859 million.

Encouraged by the strong results, BILL Holdings raised its full-year 2025 guidance, further boosting investor confidence. The company now expects non-GAAP net income between $1.65 and $1.83 per diluted share on revenue of $1.44 billion to $1.46 billion, up from its previous projection of earnings of $1.36 to $1.61 per share on $1.42 billion to $1.45 billion in revenue.