NEW YORK (TheStreet) -- Pure Storage (PSTG) - Get Reportreported a narrower-than-anticipated loss for the 2017 fiscal second quarter after Thursday's closing bell.

The Mountain View, CA-based enterprise data storage company posted an adjusted loss of 16 cents per share, smaller than analysts' estimates for a loss of 23 cents per share.

Revenue surged 92.8% to $163.2 million year-over-year and was above Wall Street's projections of $155.2 million.

For the fiscal third quarter, Pure Storage sees revenue in the range of $187 million to $195 million. Analysts are modeling revenue of $191 million for the current quarter.

"Pure delivered a stronger than expected July quarter well ahead of expectations, lifted by strong customer additions, share gains, and international expansion," Oppenheimer wrote in an analyst note.

"While some of the bottom-line leverage was due to delayed opex spending (catching up in 2H-FY17), the overall results and near-term outlook will likely ease the competitive/deceleration concerns that arose after last quarter's results," the firm added.

Additionally, Oppenheimer said the company showed that it can still strategically leverage its pricing advantage despite tough competition.

Shares of Pure Storage were retreating on heavy trading volume in late-afternoon trading on Friday.

About 8.71 million of the company's shares changed hands so far today vs. its average 30-day volume of 1.04 million shares per day.

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