Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of LogMeIn (NASDAQ:LOGM), a provider of remote access and other enterprise software, rose on Friday after the company reported stronger-than-expected earnings on Thursday evening. After rising as much as 10% Friday morning, shares had settled a bit by the afternoon, up about 7.5% as of 1:45 PM.

So what: Revenue rose 33% year-over-year during the fourth quarter to $59.9 million, beating analyst estimates by about $1 million. Non-GAAP EPS was $0.35, up more than 100% year-over-year and beating analyst estimates by two cents.

LogMeIn was profitable on both a GAAP and non-GAAP basis for the fourth quarter and for the full year, a rarity among small, fast-growing software companies. Operating expenses grew more slowly than revenue, leading to a GAAP operating margin of 5.9% during the fourth quarter, up slightly year-over-year.

LogMeIn expects revenue to grow by about 17% during 2015, a significant slowdown compared to 2014. Non-GAAP EPS is expected to be between $1.24 and $1.34, up from $1.18 in 2014.

Now what: CEO Michael Simon is optimistic about LogMeIn's prospects for 2015: "Significant progress on our key growth drivers in 2014 – fueling's growth, boosting our value to SMB IT and accelerating our Internet of Things opportunity with Xively -- has put us in a favorable position to deliver strong continued growth. In 2015, our goal will be to increase our strategic positions in our collaboration, SMB IT and IoT markets to accelerate longer-term growth while maximizing shareholder value."

The stock is expensive, trading at nearly six times sales and 38 times the high-end guidance for 2015 non-GAAP net income. But with the company actually generating profits along with its robust growth, something that can't be said for most fast-growing software companies, LogMeIn deserves a closer look.