Splunk (SPLK) Tops Q2 EPS by 3c, Revenues Beat; Boosts FY19 Revenue Outlook Above Consensus

Splunk (NASDAQ: SPLK) reported Q2 EPS of $0.08, $0.03 better than the analyst estimate of $0.05. Revenue for the quarter came in at $388.3 million versus the consensus estimate of $358.51 million.

• Total revenues were $388.3 million, up 39% year-over-year.
• Software revenues were $239.7 million, up 43% year-over-year.
• GAAP operating loss was $103.9 million; GAAP operating margin was negative 26.7%.
• Non-GAAP operating income was $11.4 million; non-GAAP operating margin was 2.9%.
• GAAP loss per share was $0.71; non-GAAP income per share was $0.08.
• Operating cash flow was $33.5 million with free cash flow of $28.0 million.

“The rapid digitization of every organization, coupled with Splunk’s increasing innovation, is driving our continued momentum,” said Doug Merritt, President and CEO, Splunk. “Every organization needs to monitor, analyze and investigate data to make faster decisions and take action, and I am pleased that Splunk is the platform of choice. I am looking forward to .conf18 where we’ll reveal the next generation of product innovations to help our customers succeed during this exciting time in their digital evolution.”

GUIDANCE:

Splunk sees FY2019 revenue of $1.685 billion, versus the consensus of $1.65 billion.

For earnings history and earnings-related data on Splunk (SPLK) click here.

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