Stock Monitor: Cloudera Post Earnings Reporting
LONDON, UK / ACCESSWIRE / April 12, 2018 / Active-Investors.com has just released a free earnings report on Splunk Inc. (NASDAQ: SPLK). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SPLK. On March 01, 2018, Splunk reported financial results for the fourth quarter and full year ended January 31, 2018. The Company exceeded analysts' expectations for revenues as well as earnings in Q4 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Cloudera, Inc. (NYSE: CLDR), which also belongs to the Technology sector as the Company Splunk. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Splunk most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
Splunk's total revenues reached $419.72 million for Q4 FY18, up 36.96% from $306.46 million in Q4 FY17. The Company license revenues increased 33.48% to $254.3 million y-o-y and maintenance and services revenue advanced 42.67% to $165.43 million y-o-y in Q4 FY18. Total reported revenue exceeded analysts' consensus estimates of $390.6 million. Splunk reported total billings of $622.8 million in Q4 FY18, an increase of 44% y-o-y.
During Q4 FY18, Splunk's cost of revenues surged 27.36% to $74.20 million from $58.26 million in Q4 FY17, led by 32.16% increase in license costs and 27.07% increase in maintenance and services costs. The Company's gross profit was $345.52 million for the reported quarter, an increase of 39.21% from $248.2 million in the year ago same quarter.
Splunk incurred operating expenses of $369.43 million in Q4 FY18, up 15.7% from $319.31 million in Q4 FY17. The Company had a loss from operations of $23.91 million in the quarter under review, after an operating loss of $71.11 million in the previous year's same quarter.
Splunk's net loss narrowed to $25.07 million, or $0.18 per share, in Q4 FY18 from $74.21 million, or $0.54 per share, in Q4 FY17. Splunk's reported quarter results included stock-based compensation and related employer payroll tax, amortization of acquired intangible assets, and adjustments related to financing lease obligations. The Company's adjusted diluted earnings per share (DEPS), excluding non-recurring items, was $0.37 in Q4 FY18, an increase of 76.19% from $0.21 in Q4 FY17. Splunk's adjusted earnings per share (EPS) was higher than analysts' consensus estimates of $0.34 per share.
For the full year ending January 31, 2018, Spunk's total revenues advanced 33.77% to $1.27 billion from $949.96 million in FY17, led by 26.84% increase in license revenues and 43.19% increase in maintenance and service revenues. The Company reported total billings of $1.55 billion and cloud billings of $181.48 million in FY18. Splunk's gross profit advanced 33.66% to $1.01 billion y-o-y while its operating loss narrowed to $254.3 million in FY18. Splunk reported a net loss of $259.1 million, or $1.85 per share, in the reported year, after a net loss of $355.19 million, or $2.65 per share, in the previous year. The Company's adjusted DEPS for full year 2018, excluding special items, was $0.62, up 77.14% from $0.35 in FY16.
Splunk had cash and cash equivalents of $545.95 million as on January 31, 2018, 29.57% higher than $421.35 million as on January 31, 2017.
Splunk's net cash flow from operating activities for Q4 FY18 was $146.07 million, up 42.47% from $102.52 million in Q4 FY17. The Company had a free cash flow of $139.5 million at the end of Q4 FY18 compared to $84.39 million at the end of Q4 FY17, reflecting an increase of 65.29%.
Splunk spent $6.57 million on purchases of property and equipment in the reported quarter, 63.75% lower than the $18.13 million reported in the year ago corresponding quarter.
For first quarter of 2019, Splunk expects revenues to be between $295 million and $297 million and non-GAAP operating margin to be approximately negative 6.0%.
Splunk also updated its guidance for full year 2019. For FY19, the Company expects its total revenues to be approximately $1.63 billion, up from the previous guidance of $1.55 billion. The Company expects its FY19 non-GAAP operating margin to be approximately 11.5%, up the previous guidance of 10.5%.
Stock Performance Snapshot
April 11, 2018 - At Wednesday's closing bell, Splunk's stock slightly advanced 0.33%, ending the trading session at $102.13.
Volume traded for the day: 1.50 million shares.
Stock performance in the last three-month – up 14.15%; previous six-month period – up 55.85%; past twelve-month period – up 67.10%; and year-to-date – up 23.29%
After yesterday's close, Splunk's market cap was at $14.74 billion.
The stock is part of the Technology sector, categorized under the Application Software industry.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.