Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Splunk jumps after beating expectations for Q2 and outlook

Published 23/08/2023, 21:28
© Reuters

Investing.com -- Splunk Inc (NASDAQ:SPLK) shares jumped after the software maker beat expectations for revenue and profit.

The company reported adjusted earnings per share of 71 cents in the second quarter on revenue of $910.59 million. Analysts expected adjusted profit of 46 cents a share on revenue of $889.29M.

Shares were up 8% in after-hours trading and are up 15% so far this year.

Gary Steele, CEO of Splunk, said: “Through our ongoing focus on accelerating innovation and harnessing AI, we unveiled many important advancements during the quarter to help customers strengthen their overall digital resilience and security posture.”

Splunk sees third-quarter revenue of $1.020 billion to $1.035B versus the expectation of $982.39M. It sees full year revenue of $3.925B to $3.950B, also higher than expected.

The company said total annual recurring revenue rose 16% in the second quarter to $3.858B, beating expectations.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.