Splunk Q2 Revenues Jump, but Loss Deepens
Splunk had a mixed Q2 2014, with its top and bottom lines moving in different directions. The company released its quarterly results, revealing that revenue for the period came in at nearly $67 million, up 50% from the $44 million in the same period the previous year. Net loss, on the other hand, deepened considerably, to $13.7 million ($0.13 per diluted share) from Q2 2013's shortfall of $4.6 million ($0.05). On a non-GAAP basis, that most recent per-share loss was $0.01.
Analysts had been expecting revenue of $63 million and a loss of $0.03 per share.
Splunk also provided forward guidance. For its current Q3, top line is anticipated to come in at $69 million-$71 million, with non-GAAP operating margin of between zero and -2%. Those ranges for the entirety of fiscal 2014 are now expected to be $275 million-$281 million and around zero, respectively.
The article Splunk Q2 Revenues Jump, but Loss Deepens originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Splunk. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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