Splunk (SPLK) Tops Q1 EPS by 42c, Offers Guidance

Splunk (NASDAQ: SPLK) reported Q1 EPS of ($0.32), $0.42 better than the analyst estimate of ($0.74). Revenue for the quarter came in at $674 million versus the consensus estimate of $628.75 million.

GUIDANCE:

Splunk sees Q2 2023 revenue of $735-755 million, versus the consensus of $737 million.

• Non-GAAP operating margin is expected to be between negative 8% and negative 11%.

Splunk sees FY2023 revenue of $3.3-3.35 billion, versus the consensus of $3.27 billion.

• Non-GAAP operating margin is expected to be approximately 2% (was previously between 0% and 2%.)

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

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