Splunk Inc Shares Up After Earnings Report

Published on: 25 Aug, 2017

Splunk Inc (NASDAQ: SPLK) shares up 8% after the data analytics company announced results for its fiscal second quarter ended July 31, 2017.

The company reporetd total revenues were $280.0 million, up 32% year-over-year.

Total billings were $303.4 million, up 32% year-over-year. GAAP operating loss was $82.1 million; GAAP operating margin was negative 29.3%. Non-GAAP operating profit was $14.7 million; non-GAAP operating margin was positive 5.2%. GAAP loss per share was $0.60; non-GAAP earnings per share was $0.08. Operating cash flow was $23.2 million with free cash flow of $20.3 million.

“I am pleased with the solid sales execution in Q2, particularly our results in EMEA,” said Doug Merritt, President and CEO, Splunk. “As I traveled across Europe, Asia and North America over the last two months, I was excited to see businesses, governments and universities adopting Splunk across multiple departments and use cases. Customer success and product innovation are at the heart of what we do. I am looking forward to the more than 140 customer presentations at .conf2017, our annual users conference, September 25-28 in Washington, D.C. It is an excellent opportunity to learn the many new ways that leading organizations are using Splunk software to solve problems and gain Operational Intelligence.”

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Danny Abramov

Email: danny@financialinsiders.com

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