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.”

Ratings

Ratings
  • 2875Views
  • 0Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Danny Abramov

Email: danny@financialinsiders.com

@Newsletter

Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

29 Jun, 2017 3029
30 Jun, 2017 2978
05 Jul, 2017 3081
05 Jul, 2017 3775

Comments

There is no comment on this article