12:24 PM EST, 03/06/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph.)

HashiCorp ( HCP ) shares were up more than 11% in recent Wednesday trading after the company reported better-than-expected Q4 results in the previous day.

Late Tuesday, the company posted fiscal Q4 non-GAAP earnings of $0.05 per share, compared with a loss of $0.07 a year ago.

Analysts surveyed by Capital IQ expected EPS of $0.01.

Revenue in the quarter ended Jan. 31 rose to $155.8 million from $135.8 million a year earlier.

Analysts surveyed by Capital IQ expected $149.3 million.

The company said it expects a fiscal Q1 non-GAAP loss of $0.02 a share to a breakeven result on revenue of $152 million to $154 million. Analysts surveyed by Capital IQ expect EPS of $0.01 on revenue of $153 million.

HashiCorp ( HCP ) expects fiscal year 2025 non-GAAP EPS of $0.05 to $0.07 on revenue of $643 million to $647 million. Analysts surveyed by Capital IQ expect EPS of $0.14 on revenue of $655.7 million.

The company's board approved a repurchase program for up to $250 million of class A common stock.

Price: 26.63, Change: +2.67, Percent Change: +11.14