Rockwell Automation Inc. (NYSE: ROK) saw its shares rally over 10% in pre-market trading on Monday, propelled by an impressive first-quarter earnings performance fueled by robust demand for the company's digital consulting and services offerings.

For the quarter ended December 31, 2024, the industrial automation leader posted adjusted earnings per share of $1.83, surpassing Wall Street's expectations of $1.59. Revenue of $1.88 billion was in line with analyst estimates, despite an 8.3% year-over-year decline due to the challenging macroeconomic environment.

The company's Lifecycle Services segment, which provides digital services like cybersecurity, remote monitoring, and asset management, emerged as a key growth driver. Sales in this unit rose 5% compared to the same period last year, highlighting Rockwell's success in capitalizing on the increasing demand for digital solutions in the industrial sector.

Despite the overall revenue contraction, Rockwell maintained its full-year earnings guidance, citing the positive impact of cost-cutting initiatives and margin expansion efforts. The company attributed the strong quarterly results to its renewed focus on operational excellence and cost discipline.

"While there is still some macroeconomic and policy uncertainty weighing on customers' capex plans, Rockwell won multi-million dollar strategic orders across key industries, especially in the U.S., our home market," said Blake Moret, Chairman and CEO of Rockwell Automation.