NEWS: Splunk Inc. reported a wider fiscal third-quarter loss Thursday. But the software company's adjusted results and guidance for the current quarter, as well as the full year, beat Wall Street expectations. Its shares jumped in after-hours trading.
DETAILS: Splunk, which is based in San Francisco, said its fiscal third-quarter results benefited from an increase of 450 new corporate customers. It now has a total of 6,400 customers.
Splunk's software helps companies collect and analyze internal data. It went public in April 2012.
NUMBERS: The company reported a loss of $16.5 million, or 16 cents per share, in the three months ending Oct. 31. That compares with a loss of $5.5 million, or 6 cent cents per share, in the same period a year ago.
Adjusted to remove certain expenses and accounting charges unrelated to its ongoing business, the company said it broke even.
Analysts, on average, expected a loss of 1 cent per share, according to FactSet.
Revenue jumped 51 percent to $78.6 million from $52 million. Analysts expected revenue of $71.1 million.
FUTURE: For the fourth quarter, the company expects revenue between $88 million and $90 million. That's above the $86.1 million in revenue analysts expected.
For the fiscal year 2014, ending in Jan. 31, it now expects revenue between $291 million and $293 million. That's up from its previous revenue forecast between $275 million and $281 million. Analysts expected revenue of $280.7 million.
STOCK: In after-hours trading, shares rose $5.60, or 9.4 percent, to $65.50. They closed at $59.90 during normal trading hours. As of Thursday's closed, its shares have more than tripled since their initial public offering price of $17.
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