The Motley Fool has a disclosure policy.Splunk Inc.
The Motley Fool owns shares of and recommends Splunk. Steve Symington has no position in any of the stocks mentioned. The Must-Read Trump Quote on Social Securityġ0 Reasons Why I'm Selling All of My Apple Stock The $16,728 Social Security Bonus You Cannot Afford to Miss As Splunk rapidly grows the number of enterprise customers and use cases revolving around its continuously expanding portfolio of products, the stock should ultimately respond in kind.Įditor's note: This article has been corrected to note this was Splunk's 27th straight quarter of beating its guidance.ģ Stocks That Are Absurdly Cheap Right Nowĥ Warren Buffett Principles to Remember in a Volatile Stock Market In the end, while it remains to be seen how the market will react tomorrow to Splunk's latest beat and raise, this was a report with which any investor should be more than pleased.
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As such, Splunk increased its full fiscal-year 2019 outlook to call for revenue of roughly $1.74 billion, up from its prior guidance for $1.685 billion.įinally, Splunk followed by raising its guidance for fiscal 2020 revenue to climb to approximately $2.15 billion, marking an increase of roughly $150 million from its previous target. Looking forwardįor the current fourth quarter of fiscal 2019, Splunk expects revenue of roughly $560 million - good for growth of 33.4% and slightly above the $557 million most investors were anticipating - with adjusted operating margin expanding to between 25% and 26%. Splunk has never been better positioned for success, and I'm looking forward to continuing our execution over the next year. Splunk announced today that its CFO, David Conte, has decided to retire in March 2020 after eight years with the company.Īfter so many years with the company, I'm proud of everything we've accomplished including transforming our business model to one that is primarily renewable on our way to delivering more than $2 billion in revenue. Notable new product releases and updates include Splunk Enterprise 7.2 and a new version of Splunk Cloud, Splunk for Industrial (its first Internet of Things product), Splunk ITSI 4.0, and new versions of Splunk Enterprise Security (5.2), Splunk User Behavior Analytics (4.2), Splunk Phantom (4.0), and Splunk Next.
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Splunk generated quarterly cash flow from operations of $59.1 million, and free cash flow of $51.8 million.Īdded over 500 new enterprise customers, with new and expanded relationships with companies and organizations including Jabil, Norfolk Southern, Japan's Softbank, and Australia's Department of Home Affairs. Maintenance & services revenue grew 35.4% to $201.4 million.Īdjusted for items like stock-based compensation and acquisition expenses, Splunk generated (non- GAAP) net income of $57.6 million, or $0.38 per share, also above consensus estimates for adjusted earnings of $0.32 per share.Īdjusted operating margin was 13.6%, above guidance for 13%.
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License revenue climbed 44.3% year over year to $279.6 million. What happened with Splunk this quarter?īy comparison, three months ago Splunk told investors to expect significantly lower revenue of between $430 million and $432 million. GAAP = generally accepted accounting principles.
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