Updated from 5:54 p.m. EDT

Shares of Hyperion Solutions ( HYSL) surged in extended trading Thursday after the company blew past fourth-quarter expectations and issued a strong outlook for the fiscal year to come.

Hyperion shares were recently up $3.16, or 11.1%, to $31.55 on Instinet.

The business-software maker said late Thursday that fourth-quarter profit fell to $18.3 million or 31 cents a share, from $20.7 million, or 33 cents a share, a year earlier. The latest quarter includes a stock-based compensation expense.

Excluding items in the recent quarter, Hyperion earned $28.9 million, or 48 cents a share, besting the Thomson First call consensus analyst estimate of 43 cents a share.

Revenue increased 18% to $223.9 million, above First Call projections of $201.6 million

The company said its Hyperion System 9 was a "tremendous success," generating more than 75% of its fourth-quarter license revenue, which grew overall by 22%. The platform also accounted for the majority of the record 43 transactions greater than $500,000 that Hyperion closed during the quarter, the company said.

For the first quarter now underway, Hyperion said it expects to earn 34 cents to 39 cents before items on revenue of $188 million to $193 million. First Call was expecting EPS of 33 cents on revenue of $184 million.

For the full fiscal year, Hyperion expects to earn $1.62 to $1.70 a share on revenue of about $825 million. First Call had projected earnings of $1.61 a share on revenue of $797 million.

Hyperion also announced Thursday that it will use technology from Informatica ( INFA) to integrate its System 9 offering with a variety of data sources. Shares of Informatica rose more than 6% to $12.64 in after-hours trading.