CyberArk Software (NASDAQ: CYBR) jumped more than 10% Wednesday on the back of its second-quarter results, which saw it top earnings and revenue expectations.

The software company reported a second-quarter loss of $0.27 per share, better than the analyst estimate of a loss of $0.30. Revenue for the quarter came in at $142.3 million versus the consensus estimate of $138.45 million.

The company also reported a total ARR of $465 million with growth of 48% and subscription revenue of $66 million, with growth accelerating to 144%.

“We had an outstanding second quarter with momentum continuing to build for our Identity Security platform,” said Udi Mokady, CyberArk Chairman and CEO.

The company said its second-quarter performance was driven by robust demand, execution, and strong industry tailwinds, which drove strength in its bookings.

Looking ahead, CyberArk sees a third-quarter loss per share between $0.27 and $0.14, versus the consensus of a loss of $0.22 per share. In addition, third-quarter revenue is expected to be in a range of $147 million to $153 million, versus the consensus of $148.3 million.

A full-year loss of $0.82 to $0.57 per share is expected, versus the consensus of a loss of $0.73 per share, while full-year revenue is seen between $589 million and $601 million, versus the consensus of $591.7 million.

By Sam Boughedda