Splunk Inc. (NASDAQ:SPLK) announced its quarterly results last night as the big-data software giant sustained to produce robust top-line growth in the last 3 month period, nonetheless its loss also extended amid higher operating expenses.
Splunk Inc. (NASDAQ:SPLK) once again increased its forecast for the full fiscal year. For the full year closing in January, the company now anticipates revenue of $930 million and $932 million that is a rise from its August outlook for $910 million to $914 million.
For the fourth or current quarter, the company is expecting revenue between $286 million and $288 million that is above $285.1 million average analyst estimation, according to Thomson Reuters.
The company’s technology analyzes data from websites, applications, servers and mobile devices. Its latest products comprise the Splunk APP for AWS 4.2 for management of multiple Amazon Web Services accounts. The company has been active in cyber security technology.
Meanwhile spokesperson of Splunk said it managed to sign close to 500 new enterprise customers during its latest quarter.
Overall for the October period, Splunk reported a loss of $93.5 million, or 69 cents a share, in contrast with a loss of $73 million, or 57 cents a share, year over year.
Company’s earnings exclusive of items were 12 cents a share, beating analyst’s outlook for 8 cents a share, according to Thomson Reuters.
Revenue jumped 40% to $244.8 million, above the company’s outlook of $228 million to $230 million. License revenue surged 34% to $139.7 million while maintenance and services revenue rose 50% to $105.1 million.
Big-data Software Company announced its operating expenses also augmented during the quarter, rising 33% to $287.1 million.