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.
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