Splunk Earnings: Here’s Why Investors Like These Results
Splunk (NASDAQ:SPLK) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5.58%.
Splunk Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $-0.01 in the quarter as EPS of $-0.01 in the year-earlier quarter.
Revenue: Rose 50.4% to $66.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Splunk reported adjusted EPS loss of $0.01 per share. By that measure, the company beat the mean analyst estimate of $-0.03. It beat the average revenue estimate of $63.03 million.
Quoting Management: “This past quarter marked a milestone for Splunk as we expanded the breadth of our product offerings beyond core Splunk Enterprise and premium apps by adding the beta version of Hunk: Splunk Analytics for Hadoop,” said Godfrey Sullivan, Chairman and CEO. “We are pleased to welcome more than 400 new customers who are joining the Splunk family at an exciting time as we transition to a multi-product company.”
Key Stats (on next page)…