Tech group and former smartphone maker Blackberry (NASDAQ:BBRY) saw shares lifted almost 15% in early New York deals to US$10.59 each as the Canadian firm's turnaround story gains traction.
The firm ceased manufacturing the Blackberry smartphone last year to focus on software - a move which has seeemingly paid off.
Software and services revenue in the latest quarter rose 26 % from a year earlier to $196 million, well exceeding analysts' forecasts.
The firm also reported a profit of 5 cents a share for the second quarter to end August, excluding special items, further beating analyst expectations.
John Chen, chief executive, has spent several years winding down the phone business and replacing it with software through its acquisitions.
In the three months, the firm saw net income of $19 million, versus a loss of $372 million last year.