NEW YORK (TheStreet) -- Shares of Pure Storage (PSTG) - Get Free Report were surging 11.58% to $13.20 in after-hours trading on Thursday after posting better-than-expected financial results for the fiscal 2017 second quarter.
After today's market close, the Mountain View, CA-based enterprise data storage company reported an adjusted loss of 16 cents per share, while analysts were modeling a loss of 23 cents per share.
Revenue soared 92.8% year-over-year to $163.2 million and topped analysts' estimates of $155.2 million.
For the current quarter, Pure Storage expects to report revenue between $187 million and $195 million vs. the consensus estimate of $191 million.
"We are very pleased with the growth of the business in the July quarter, driven by solid repeat purchase rates, by partnering with the channel to accelerate our go-to-market, by healthy demand from cloud customers ‒ which accounts for more than 25% of our business ‒ and by growing sales to international customers, who made up 25% of revenue," CEO Scott Dietzen said in a statement.
Pure Storage went public in October 2015.