Shares of Ubiquiti climbed after the company reported sharply higher profit and revenue in the recent quarter.

The stock rose 17%, to $599.88, on Friday. Shares are up nearly 6% year to date.

The company before the bell reported a fiscal first-quarter profit of $320.5 million, or $5.29 a share, up from $207.9 million, or $3.43 a share, a year earlier.

Stripping out certain one-time items, adjusted earnings came in at $5.32 a share.

Revenue rose 40% to $1.03 billion. The company attributed the gain to growth in both its enterprise-technology and service-provider-technology platforms.

Enterprise-technology revenue jumped 43% to $941.3 million, while service-provider-technology revenue climbed 11% to $84.9 million.

Ubiquiti said it continues to face higher costs and supply-chain constraints for certain components, warning that the trends may result in near-term pressure on margins and inventory.