HubSpot Inc. said its first-quarter normalized net income came to a loss of 18 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 17 cents per share.

The per-share loss decreased 14.8% year over year from 21 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $6.3 million, compared with a loss of $6.8 million in the prior-year period.

The normalized profit margin rose to negative 10.7% from negative 17.7% in the year-earlier period.

Total revenue rose 54.5% year over year to $59.0 million from $38.2 million, and total operating expenses grew 38.8% on an annual basis to $68.8 million from $49.6 million.

Reported net income came to a loss of $10.1 million, or a loss of 29 cents per share, compared to a loss of $10.8 million, or a loss of 34 cents per share, in the prior-year period.