Splunk published better-than-expected second quarter financial results after the bell on Thursday.
The machine data company reported a net loss of $55.3 million, or 44 cents per share (statement).
Non-GAAP earnings were three cents per share on a revenue of $148.3 million, up 46 percent year-over-year.
Wall Street was looking for earnings of two cents per share with $140.31 million in revenue.
Crediting investments in product innovation, Splunk CEO Godfrey Sullivan noted in the report that the San Francisco-based company now has more than 10,000 customers worldwide.
"We have extended our position as the leading platform for machine data with two acquisitions focused on machine learning," Sullivan continued. With Metafor, we added world-class IT anomaly detection, and with Caspida we will provide data science-driven behavioral analytics for security."
After signing more than 500 new customers last quarter, Splunk also posted a much stronger outlook for Q3 sales.
For the current quarter, Wall Street is looking for non-GAAP earnings of three cents per share with $155.20 million in revenue.
Splunk followed up with a Q3 revenue guidance range of $158 million and $160 million.
The software maker also upped its annual revenue guidance outlook from a previous range of $610 million to $614 million at the end of May to the new projection of $628 million and $632 million.