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00:02Figma reported first quarter adjusted earnings of 10 cents per share on revenue of $333.44 million,
00:10surpassing Wall Street estimates of 6 cents per share and $313.16 million. According to Benzinga
00:17Pro, revenue increased 46% year over year. The company, which makes collaborative web-based
00:23software, generated $97.3 million in net cash from operations and $88.6 million in adjusted free
00:32cash flow during the quarter. CEO Dylan Field said revenue growth accelerated for the second
00:38consecutive quarter, and customers expanded their use of Figma products. The company guided for
00:44second quarter revenue of $348 million to $350 million, above estimates of $326.98 million.
00:53Figma also raised its full-year revenue forecast to a range of $1.422 billion to $1.428 billion.
01:00Shares rose 7.81% in after-hours trading on Thursday.
01:05For all things money, visit Benzinga.com.
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