BlackLine (BL) - Get Report shares were surging Friday nearly 30%, to $55.03, after the financial accounting software company beat Wall Street's second-quarter earnings and revenue expectations.

The Woodland Hills, Calif.-based company reported non-GAAP earnings of $6.1 million, or 10 cents a share, up from $500,000, or 1 cent a share, a year ago. Analysts were expecting BlackLine to earn two cents a share.

Revenue totaled $69.7 million, up from $55.5 million a year ago, and beating Wall Street's forecast of $68 million.

Therese Tucker, founder and CEO, said in a statement that the second quarter "was a good quarter, driven by strong demand for our solution and a record number of large deals."

"BlackLine continues to be selected as the strategic partner of choice among organizations undergoing large, financial transformation projects," Tucker said. With this as our foundation, we will continue to focus on driving growth and delivering value to our customers."

For the third quarter, BlackLine said it expects revenue to range from $71.1 million to $72.7 million, and non-GAAP net income to range from $1.4 million to $2.2 million, or from 2 cents to 4 cents a share. Wall Street is looking for revenue of $71.3 million and earnings of 4 cents a share.

For the full year, revenue is expected to range from $281 million to $284 million, and non-GAAP net income is expected to range from $13 million to $15 million, or from 22 cents to 25 cents a share. Analysts are calling for revenue of $279 million and earnings of 17 cents a share.

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