Ping Identity tops expectations.

Ping Identity Holding Corp. on Wednesday reported fourth-quarter net income of $2.2 million.

The Denver-based company said it had net income of 3 cents.

The software company posted revenue of $68.2 million in the period. Four analysts surveyed by Zacks expected $65.8 million.

For the year, the company reported a loss of $1.5 million, or 2 cents per share. Revenue was reported as $242.9 million.

For the current quarter ending in April, Ping Identity said it expects revenue in the range of $60.5 million to $62.5 million. Ping Identity shares have declined almost 4% since the beginning of the year.