Splunk Q2 beats estimates with earnings nearly flat
Splunk reported second quarter earnings after the bell Thursday.
The machine data player posted a loss of $60.4 million or 51 cents per share (statement). Non-GAAP earnings were nearly flat at 1 cent per share, on revenue of $101.5 million, up 52 percent year-over-year.
Wall Street was expecting a loss of two cents a share on revenue of $93.93 million.
Splunk shares were up nearly 4 percent in after-hours trading, although the company still struggles to reclaim its all-time high trading price of $106 a share, which it reached in February.
Splunk CEO Godfrey Sullivan said he was "pleased" with the quarter, and reflected on the results quarter in prepared remarks:
"We continue to invest heavily in product innovation, including the industry's first 100 percent uptime SLA for Splunk Cloud, we shipped a brand new product – the Splunk App for Stream for wire data – and delivered a new release of our App for Enterprise Security. I am also pleased to report the promotion of Haiyan Song to Senior Vice President, Security Markets."
As for its Q3 outlook, the company expects revenue between $105 million and $107 million. Bullish about the rest of its fiscal 2015 year, Splunk upped its guidance from between $402 million and $410 million to the range of $423 million and $428 million.
The company boasted that signed more than 500 new customers, ending the quarter with around 7,900 customers worldwide.
Other highlights from the quarter include:
- The launch of a 100 percent uptime service level agreement for Splunk Cloud and a free Splunk Online Sandbox;
- The launch of the Splunk App for Stream to capture real-time streaming wire data;
- The launch of version 3.1 of the Splunk App for Enterprise Security;
- The launch of the Splunk Mobile App; and
- Announced a technical alliance with Syncsort to deliver machine data insights from mainframe systems.