NEW YORK (AP) -- Shares of Splunk Inc. advanced in extended trading Thursday after the data-management software maker posted strong fiscal second-quarter revenue gains and raised its forecast for the fiscal year.
Revenue climbed 71 percent to $44.5 million, almost $5 million more than analysts expected. The San Francisco company forecast third-quarter results that were better than expected and raised its full-year revenue estimate by about $9 million.
Splunk, which completed its initial public offering in April, said it lost $4.6 million, or 5 cents per share, over the three months ended July 31. In the year-ago quarter the company lost $3.9 million, or 20 cents per share.
Analysts forecast a loss of 7 cents per share and $39.8 million in revenue, according to FactSet.
License revenue rose 61 percent to $30.2 million and maintenance and service revenue doubled to $14.3 million. Total operating expenses increased 69 percent to $44.4 million.
The company is now projecting revenue of $183 million to $186 million for the fiscal year ending Jan. 31, up from a previous outlook of $174 million to $177 million. That new estimate includes $45 million to $47 million in revenue in the third quarter.
Analysts expected Splunk to report $176.9 million in revenue for the fiscal year, with $44.6 million in the third quarter.
Splunk shares rose by $4.65, or 15.3 percent, to $35.15 in after-hours trading. They closed down 34 cents at $30.50 in the regular session.
