ServiceTitan (NASDAQ: TTAN) saw its shares soar 13.35% in after-hours trading on Thursday following the release of its fiscal second quarter financial results, which exceeded analyst expectations, along with raised full-year guidance and the announcement of a strategic partnership with Roto-Rooter.

The software platform provider for trades businesses reported non-GAAP earnings of $0.33 per share for Q2, significantly beating the analyst consensus estimate of $0.18. Revenue for the quarter came in at $242.1 million, up 25% year-over-year and surpassing the Street forecast of $229.51 million.

ServiceTitan's strong performance was further bolstered by its upbeat outlook. The company raised its full-year revenue guidance to a range of $935 million to $940 million, compared to the previous analyst consensus of $917.1 million. For the third quarter, ServiceTitan expects revenue between $237 million and $239 million, also ahead of Wall Street's projection of $232.34 million.

Adding to the positive sentiment, ServiceTitan announced a strategic partnership with Roto-Rooter, North America's largest provider of plumbing and drain cleaning services. This collaboration aims to equip Roto-Rooter's vast network of company-owned branches throughout the U.S. with ServiceTitan's technology, potentially driving further growth and market expansion for the company.

The combination of better-than-expected financial results, raised guidance, and a significant new partnership appears to have sparked investor enthusiasm, leading to the substantial after-hours stock price increase. As ServiceTitan continues to demonstrate strong execution and expand its reach in the trades industry, investors will be watching closely to see if this momentum can be sustained in the coming quarters.