Splunk Q2 beats estimates with earnings nearly flat

Splunk Q2 beats estimates with earnings nearly flat

Summary: With losses not as bad as expected, Splunk increased its guidance for its fiscal year.

SHARE:
zd-data-information-stock-620x250-620x250

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.

Topics: Big Data, Enterprise Software

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

0 comments
Log in or register to start the discussion