Splunk Inc. Announces Fiscal Third Quarter 2021 Financial Results
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Splunk (SPLK) Crashes 21% On Weak FQ3 Results, Prompting At Least 5 Downgrades
December 3, 2020 8:27 AM ESTShares of Splunk (NASDAQ: SPLK) are down 22% in pre-open trading Thursday after the company posted disappointing results for its fiscal third quarter.
The data analytics software firm posted an adjusted loss of $0.07 per share on revenue of $559 million to miss expectations of earnings of $0.09 on revenue of $613 million. Compared to a year ago, revenue fell 11%.
As for the next quarter, Splunk said it expects to generate $650 million to $700 million in revenue, again below the expected $777 million.
Even in the face of uncertain market conditions, Splunk remains one of the fastest growing... More
UPDATE: Splunk (SPLK) Misses Q3 EPS by 16c, Revenues Miss; Offers 4Q Revenue Guidance Below Consensus
December 2, 2020 4:05 PM EST(Updated - December 2, 2020 4:05 PM EST)
Splunk (NASDAQ: SPLK) reported Q3 EPS of ($0.07), $0.16 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $599 million versus the consensus estimate of $613.03 million.
Third Quarter 2021 Financial Highlights
Cloud ARR was $630 million, up 71% year-over-year.Total ARR was $2.07 billion, up 44% year-over-year.Cloud... More