• by Jess Nelson , April 29, 2016

Demandware (NYSE:DWRE) stock jumped Thursday on the news that the enterprise cloud commerce and marketing company performed better than expected this financial quarter.

Demandware’s public offering surged as much as 11% during trading, officially closing the trading period with an evaluation of $47.87 USD a share -- a growth of 6.59% from the previous day’s closing.

Demandware released its first-quarter 2016 financial report on Wednesday, and although the company reported a net loss of $11.7 million in its first quarter, adjusted earnings were 6 cents a share.

The company reported better-than-expected quarterly earnings, beating analyst expectations that varied from 1 cent to 5 cents a share.  

Demandware’s revenue for the first quarter grew 33.4% year-over-year to $67.08 million, also beating analyst expectations that hovered near $64.5 million.

Demandware offers a suite of on-demand cloud and marketing services for retailers. The company most recently unveiled enhancements to its cloud commerce platform in early April, expanding its merchandising and predictive intelligence capabilities. 

The Demandware Commerce Cloud streamlines retail and marketing operations by unifying cross-channel experiences with data-driven customer profiles. Demandware’s Commerce Cloud is also integrated with the company’s predictive email marketing service for advanced behavioral triggers and content recommendations.  

Demandware notes a potential market opportunity as a result of the recent news that eBay Enterprise will be merging with Innotrac to create the newly appointed Radial, an omnichannel commerce technology and operations provider. 

Demandware originally announced a partnership with eBay Enterprise in January, with intentions to integrate Demandware’s Commerce Cloud with eBay’s Enterprise’s platform of commerce solutions. 

“With the recent announcement that Radial will no longer operate e-commerce sites, there is an opportunity to build an even tighter relationship between the companies,” says Thomas Ebling, president and chief executive officer at Demandware, on the company’s Q1 2016 earnings call. “Demandware provides an excellent option for Radial customers that will need to migrate from the existing Radial commerce platform over time. We look forward to engaging with retailers in how Demandware can provide Radial customers with an easy transition onto the Demandware Commerce Cloud while maintaining the advantages that they see from Radial's back office capabilities. We think that this combination is going to be powerful for omni-channel retailers for some time to come.”