Ellie Mae in Pleasanton, Calif., reported net income of $3.6 million for the first quarter, up 350% from the same period a year ago. The mortgage technology provider also once again recorded record revenue growth of 68% year-over-year to $54.2 million.

The technology provider boosted its total number of active Encompass users 25% from the same period in 2014 to 119,000. The number of active users of the software-as-a-service version of Encompass soared 40% to 95,000, representing 80% of all Encompass users.

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