Affirm recorded a 30% increase in sales in its fiscal second quarter.

The buy now, pay later company on Thursday posted a net income of $7.45 million, or 37 cents a share, in the quarter-ended Dec. 31, compared with a loss of $38.4 million, or 23 cents a share, a year earlier.

Revenue jumped 30% to $1.12 billion. Analysts surveyed by FactSet forecast revenue of $1.06 billion.

Gross merchandise volume was $13.8 billion. More than 40% of GMV growth came from direct merchant point-of-sale integrations, with the rest split evenly between the direct-to-consumer business led by the Affirm Card and wallet partnerships.

Affirm said it now expects gross merchandise volume in the full fiscal year to be $48.30 billion to $48.85 billion, up from previous guidance of $47.5 billion. It anticipates annual revenue will be $4.09 billion to $4.15 billion.

Analysts were expecting $4.06 billion in yearly sales.

In the current quarter, Affirm expects revenue will be $970 million to $1 billion, ahead of the $975.2 million Wall Street was projecting.