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“Internet of things” security company ForeScout Technologies Inc. saw its share price jump in after-hours trading after posting third-quarter earnings that easily beat Wall Street’s forecast.

In its first earnings report since launching its initial public offering in October, ForeScout reported a net loss of $7.2 million, or $1.17 a share, on revenue of $64.4 million, up 32 percent from the same period a year ago. The company posted a loss after certain costs such as stock compensation of 53 cents per share, down from $2.48 a year ago.

Wall Street was looking for an 89-cent loss on revenue of $63.9 million. Investors liked what they saw, pushing the company’s share price up more than 7 percent in after-hours trading. Update: Investors felt twice as good about the results Friday, as shares rose more than 14 percent.

Chief Executive Michael DeCesare said the result indicated “robust” demand for its products. He said the company added 100 new customers, including several in the Global 2000.

ForeScout’s positive quarter comes after the company saw its share price jump by almost 16 percent on a first day of trading following October’s IPO that raised $116 million in capital. The company, which offers an enterprise-grade cybersecurity platform that provides visibility into IoT devices the instant they’re connected to the network, was the second cybersecurity firm to go public this year following Okta Inc.’s IPO in April.

“Our 32 percent increase in year-over-year revenue, and the composition of this revenue, illustrates that we are both retaining and expanding within our existing customers as well as adding important new ones to help provide a stronger foundation for future growth,” Chief Financial Officer Criss Harms said in prepared remarks.

Other highlights of the quarter included new partnerships with enterprise software firms, including workflow automation and service management software provider ServiceNow Inc. and security firm CyberArk Software Ltd.

ForeScout also posted encouraging guidance for its fourth quarter, saying it expects to post revenue of between $61 million and $63 million, well ahead of Wall Street’s consensus of $58 million. For the full year, it expects revenue of $216 million to $218 million, an adjusted operating loss of $49 million to $51 million and an adjusted net loss per share of $4.39 to $4.56 a share.

Image: ForeScout/Facebook