Software maker Rosetta Stone Inc. posted its quarterly results which surpassed Wall Street speculations on account of strong demand from both consumers and institutions for its products. In addition, the company augured first-quarter and full-year revenue above estimates, landing its shares up by 13 percent.

The company revealed to augur its first-quarter revenue in the bracket $58 million to $60 million, higher than analysts' average estimate of $56.2 million, according to Thomson Reuters I/B/E/S.

It expects full-year revenue to be in a range of $286 million to $299 million, above analysts' expectations of $279.6 million.

"Rosetta Stone's consumer business delivered solid results on the back of record demand, including unit volume that was 13 percent above the fourth quarter of last year", Chief Executive Tom Adams said in a statement.

For the fourth quarter, Rosetta Stone grabbed $12.2 million, or 58 cents a share, contrasted with $4.9 million, or 29 cents a share, a year ago. Wall Street was expecting earnings of 38 cents a share.

The company is reported to be developing an iPhone mobile application in the second half of 2010. This application, the Rosetta Stone Mini, is expected to cater to business travelers and tourists.