Splunk (SPLK) Tops Q4 EPS by 90c, Guidance Misses

Splunk (NASDAQ: SPLK) reported Q4 EPS of $2.04, $0.90 better than the analyst estimate of $1.14. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.08 billion.

GUIDANCE:

Splunk sees Q1 2024 revenue of $710-725 million, versus the consensus of $807 million.

• Total ARR is expected to be approximately $3.7 billion.
• Total revenues are expected to be between $710 million and $725 million.
• Non-GAAP operating margin is expected to be between negative 3% and negative 5%.
• Free cash flow is expected to be approximately $475 million.

Splunk sees FY2024 revenue of $3.85-3.9 billion, versus the consensus of $4.02 billion.

• Total ARR is expected to be between $4.125 billion and $4.175 billion.
• Total revenues are expected to be between $3.85 billion and $3.9 billion.
• Non-GAAP operating margin is expected to be between 16.5% and 17.5%.
• Free cash flow is expected to be between $775 million and $795 million.

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

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