Shares of Amplitude, Inc. (NASDAQ: AMPL) surged 5.56% in after-hours trading following the release of its second-quarter earnings report, which exceeded analyst expectations and provided a robust outlook for the coming quarters.

The digital analytics platform provider reported Q2 revenue of $83.30 million, beating the analyst consensus estimate of $81.33 million by 2.43%. This represents a significant year-over-year growth of 13.64% from $73.30 million in the same period last year. Amplitude's adjusted earnings per share (EPS) for the quarter came in at $0.01, meeting analyst expectations.

Investors were particularly encouraged by Amplitude's positive outlook for the rest of the year. The company provided guidance for Q3 revenue between $85.0 million and $87.0 million, with adjusted EPS ranging from $0.00 to $0.02. For the full fiscal year, Amplitude projects revenue of $335.2 million to $338.2 million and adjusted EPS between $0.04 and $0.08. This optimistic forecast, coupled with the strong Q2 performance, likely fueled the after-hours stock rally as investors anticipate continued growth and improved profitability for the company.