Tableau Software Inc. saw its share price shoot up 14 percent in after-hours trading following a fourth-quarter earnings report that beat Wall Street’s expectations.

The data visualization software maker posted earnings before certain costs such as stock compensation of 26 cents per share, down 7 cents from last year, on revenues of $250.7 million, up 24 percent from the same quarter last year. Wall Street was expecting earnings of only 13 cents per share on revenues of $230 million.

Tableau also reported adding 4,000 new customer accounts in the last quarter, and closed on 589 new transactions worth $100,000 or more, which is a 42 percent increase from a year ago.

“We are seeing strong demand from enterprises that want to deploy Tableau more broadly across their organization, from thousands to tens of thousands of users,” said Tableau’s chief executive officer Adam Selipsky (pictured), who took over the reins from co-founder Christian Chabot last year.

Tableau’s fourth-quarter performance is all the more encouraging given its disastrous third-quarter earnings report, which saw its share price dip 13 percent after it missed revenue expectations. All in all, it was a pretty depressing year for the company, which saw its stock fall by almost 50 percent in 2016. The company continues to lose money on a net basis, though it’s reducing those losses significantly. Net loss for the quarter was $21.1 million, or 28 cents a share, down from a loss of $41.3 million, or 57 cents a share, a year ago.

Tableau is in the midst of a strategic reorganization that has seen it focus on boosting subscription sales over traditional software licenses. By selling subscriptions instead of perpetual licenses, the company can make its product available to wider variety of customers while also making it easier to use for employees at large organizations.

The company reported 57 fewer employees during the fourth quarter, after having scaled back ambitious hiring plans announced earlier. The company now employs 3,223 people, it said on the earnings conference call.

Alongside its earnings, Tableau announced a new executive hire: Dan Miller, a longtime global sales tech veteran with experience at Oracle Corp. Hewlett-Packard Enterprise Co. and Juniper Networks Inc., among others. Miller was named as the company’s new executive vice president of worldwide field sales, services and support. Miller takes over the new role from former executive Kelly Wright, who joined Tableau back in 2005 and retired at year-end.

Image courtesy of Tableau Software