Workiva Inc. (NYSE: WK) shares surged 7.8% in the after-hours trading session on Tuesday after the company reported strong fourth-quarter financial results, with revenue beating analyst expectations and showing accelerating growth.

The cloud-based solutions provider for enterprises reported quarterly revenue of $200 million, surpassing the consensus estimate of $195.3 million by 2.4%. The top-line figure represented a 19.9% year-over-year increase, reflecting the company's successful execution of its growth strategy across various markets.

Workiva also delivered adjusted earnings per share of $0.33, meeting the analyst consensus estimate and marking a 10% improvement compared to the same period last year. The company's robust performance in the quarter contributed to a year of accelerating growth, as stated by the management team.