Earnings were $5.29 a share, compared with $3.43 a share in the year-earlier quarter. Excluding certain one-time items, adjusted earnings were $5.32 a share. Shares are up nearly 6% year to date.

Revenue grew across both of Ubiquiti’s platforms. Enterprise-technology revenue rose 43% to $941.3 million, and service-provider-technology revenue increased 11% to $84.9 million. The company attributed the overall gain to growth in both businesses.

Ubiquiti said higher costs and supply-chain constraints affecting certain components remain challenges. It warned those trends could put near-term pressure on margins and inventory.