gained Monday, after the business software vendor said third-quarter revenue and earnings will come in higher than expected.
Hyperion said it expects revenue to be approximately $177 million, license revenue to be approximately $69 million and EPS to range from 44 cents to 46 cents.
In January the company told investors to expect a profit of 35 cents to 40 cents per share on revenue ranging from $173 million to $178 million, with license revenue of $66 million to $69 million.
Excluding various items, the company said it will make a profit of 46 cents to 48 cents per share, up from earlier guidance of 40 cents to 45 cents per share. Analysts polled by Thomson First Call were expecting a profit of 45 cents on the same basis, with sales of $177.69 million.
In recent trading, shares were up $2.53, or 5.6%, to $47.61.
Final results for the quarter will be announced after the closing bell on April 21.
Hyperion makes business intelligence software, used by large businesses to analyze corporate data. A number of recent independent surveys found that many companies plan to increase spending in this area.