Splunk's Q3 strong, Nutanix makes earnings debut, Autodesk cuts outlook

Splunk was the headliner among tech earnings, as Autodesk continues to transition to the cloud. Nutanix's sales were up more than 90 percent from a year ago.

Splunk delivered a better-than-expected third quarter, while Autodesk's outlook disappointed and Guidewire and Nutanix had solid results.

The company, which provides software that uses big data tools to monitor operations, reported a third-quarter net loss of $93.45 million, or 69 cents a share, on revenue of $244.8 million, up from $174.4 million a year ago. Non-GAAP earnings for the third quarter were 12 cents a share.

Wall Street was expecting Splunk to deliver non-GAAP earnings of 8 cents a share on sales of $230 million.

Splunk said it added almost 500 enterprise customers.

As for the outlook, Splunk projected fourth-quarter revenue between $286 million to $288 million. For the fiscal year ending Jan. 31, Splunk said revenue will be between $930 million and $932 million.

Among other tech earnings:

Autodesk's transition to a cloud model continues. Autodesk reported a third-quarter net loss of 64 cents a share, or 19 cents a share, on a non-GAAP basis. Sales for the quarter were down 18 percent from a year ago to $490 million. The Autodesk loss was better than the 24 cents a share on sales of $476.8 million projected by Wall Street.

The company's outlook fell short of expectations. Autodesk said non-GAAP results would be in the range of a loss of 32 cents a share to 39 cents a share on revenue of $460 million to $480 million. Wall Street was expecting Autodesk to report a fourth quarter non-GAAP loss of 31 cents a share on revenue of $488.5 million.

Autodesk ended the third quarter with 2.95 million subscriptions. The software maker only sold subscriptions this quarter.

For fiscal 2017, Autodesk projected revenue between $2.01 billion to $2.03 billion, with a non-GAAP loss of 54 cents a share to 61 cents a share.

Here's the Autodesk outlook.

autodesk-forecast-2017-fiscal.png

Nutanix reported a first quarter net loss of $162.2. million, or $2.18 a share, on revenue of $166.9 million, up 90.1 percent from a year ago. Non-GAAP loss was 37 cents a share.

The company ended the quarter with 4,473 customers.

Nutanix projected second quarter revenue between $175 million and $180 million with a non-GAAP loss between 35 cents a share and 36 cents a share. Wall Street was expecting sales of $168.4 million with a second quarter non-GAAP loss of 37 cents a share. Related: Nutanix buys PernixData, Calm.io in a move to bolster its cloud ambitions

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