MicroStrategy A Big Winner Following Its Earnings Release

Shares of MicroStrategy Incorporated MSTR surged higher by more than 17 percent on Thursday and was one of Wall Street's best performers.

MicroStrategy, a provider of enterprise-ready analytics, mobile, and security software platforms, reported its fourth quarter results after Wednesday's closing bell. The company said it earned $3.38 per share on revenue of $143.5 million.

Wall Street analysts were expecting the company to earn $2.19 per share on revenue of $140.60 million.

Revenue for the quarter fell 4 percent year-over-year, but investors focused on product licenses and subscription services revenue that jumped 20 percent to $49.1 million from a year ago.

Net income for the quarter rose to $39.1 million from $22.7 million in the same quarter a year ago.