Splunk Results Surpass Estimates, Again Lifts FY Guidance; Stock Up 4%

(RTTNews) - Data-analysis software maker Splunk Inc (SPLK) on Thursday reported second-quarter net loss of $55.3 million or $0.44 per share compared with a loss of $60.8 million or $0.51 per share last year.

Excluding stock-based compensation expense and other one-time items, adjusted earnings for the quarter were $0.03 per share compared with $0.01 per share a year ago.

Revenues for the quarter were up at $148.3 million compared with $101.5 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.02 per share on revenues of $140.3 million for the quarter. Analysts' estimates typically exclude special items.

Gross margin fell to 83.1% from 85.2% a year ago.

For the third quarter, Splunk expects revenues of $158 million to $160 million, while analysts expect $155 million.

For the full year 2015, the company now expects revenues of $628 million to $632 million, up from prior guidance of $610 million to $614 million. Analysts expect revenues of $616 million.