HubSpot (NYSE: HUBS) stock had already trounced the market in the weeks leading up to the company's fourth-quarter earnings release. That rally was partly driven by a rebound in the wider tech and growth stock sector. But it was also sparked by hopes that the software specialist would have positive things to say about the 2023 fiscal year in that fourth-quarter announcement.

HubSpot did not disappoint. The management team projected strong sales growth ahead for Q1 while sounding cautiously optimistic about the full year. Let's take a look at whether those results point to continued solid returns for investors considering buying this stock.

HubSpot did see slowing sales trends going into late 2022. Revenue growth decelerated compared to the 31% year-over-year spike it posted in the third quarter. Revenue landed at $470 million, or well ahead of the target range that executives issued in early November calling for between $444 million and $446 million in sales.

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Source Fool.com