Instructure reports Q1 non-GAAP EPS 19c, consensus 18c

Reports Q1 revenue $128.8M, consensus $127M. "In the Q1 we achieved outstanding results with $128.8M in revenue, a 13.6% year-over-year increase and another Rule of 50 quarterly performance," said Steve Daly, Instructure CEO. "Our dedication to customer satisfaction, efficient market strategy, and innovative platform has allowed us to adapt and thrive even in a difficult macroeconomic backdrop. Looking ahead, we will continue to lead innovation in the EdTech sector while maintaining a healthy balance between growth and profitability."