According to a Grand View Research Report, the global digital marketing software market is estimated to grow 15% annually through to 2025. Cambridge, Mass.-based HubSpot (NYSE:HUBS) is a leading player in the inbound marketing campaigns segment and recently reported a strong quarter.

HubSpot's Financials

For the recently announced first quarter results, HubSpot's revenues grew 33% over the year to $151.8 million, ahead of the Street's forecast of $148 million and higher than the management's outlook of $146.5-$147.5 million. Growth was primarily driven by the 36% growth in customer base to 56,628. Non-GAAP EPS was $0.37, up an impressive 208.3% and ahead of the market's estimate of $0.30.

By segment, subscription revenues grew 33% to $144.2 million and Professional services and other revenues grew 27% over the year to $7.6 million.

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