Free Post Earnings Research Report: Splunk’s Revenues Surged 28.70%; Net Loss Narrowed

Stock Monitor: Adobe Systems Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 29, 2017 / 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. Splunk posted its third quarter fiscal 2017 (Q3 FY17) financial results on November 16, 2017. The leading computer software developer’s reported quarter revenues and earnings beat Wall Street’s expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below: www.active-investors.com/registration-sg.

Active-Investors.com is currently working on the research report for Adobe Systems Incorporated (NASDAQ: ADBE), 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: www.active-investors.com/registration-sg/?symbol=ADBE.

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: www.active-investors.com/registration-sg/?symbol=SPLK.

Earnings Highlights and Summary

During Q3 FY17, Splunk reported revenues of $328.65 million compared to $244.79 million in Q3 FY16, reflecting growth of 28.70%, driven by strong product portfolio and expanding clientele. Revenue numbers topped analysts’ estimates of $310.00 million.

The Company’s gross profit surged 34.86% to $264.49 million in Q3 FY17 compared to $196.12 million in Q3 FY16. Splunk had an operating loss of $50.82 million in Q3 FY17 compared to an operating loss of $90.05 million in Q3 FY16. Though, the Company’s total billings jumped 38% to $381.60 million in the reported quarter.

Splunk posted net loss of $50.60 million in Q3 FY17 compared to a net loss of $93.49 million in Q3 FY16. In the reported quarter, the Company had net loss of $0.36 per share compared to $0.69 per share in Q3 FY16. Splunk had adjusted earnings of $0.17 per share in Q3 FY17, which beat analysts’ estimates of $0.14 per share.

Splunk’s Segment Results

The License segment had revenues of $179.83 million in Q3 FY17 compared to $139.73 million in Q3 FY16, advancing 28.70% on a y-o-y basis. This segment’s cost of revenues was $3.01 million in Q3 FY17 compared to $2.88 million in Q3 FY16, advancing 4.51% on a y-o-y basis.

The Maintenance and Services segment’s revenues surged 41.65% to $148.82 million in the reported quarter compared to $105.06 million. This segment’s cost of revenues were $61.15 million in Q3 FY17 compared to $45.79 million in Q3 FY16, advancing 33.55% on a y-o-y basis.

On a geographical basis, the United States’ segment had revenues of $250.13 million in Q3 FY17 compared to $190.12 million in Q3 FY16, reflecting growth of 31.56% on a y-o-y basis. The Company’s International segment had revenues of $78.52 million in the reported quarter compared to $54.67 million in Q3 FY16, advancing 43.64% on a y-o-y basis.

Cash Matters

Splunk had cash and cash equivalents of $393.31 million on October 31, 2017, compared to $365.59 million on October 31, 2016. The Company had cash inflow from operating activities of $116.83 million in the reported quarter compared to $99.31 million in Q3 FY16.

In the reported quarter, Splunk’s non-GAAP free cash flow surged 45.09% to $46.87 million compared to $32.30 million in Q3 FY16. On October 06, 2017, the Company acquired Rocana Inc., an analytical solutions provider, for a purchase price of $30.20 million. On September 29, 2017, Splunk acquired SignalSense Inc., a cloud-based data collection and breach detection solutions developer, for a purchase price of $12.20 million.

Outlook

In Q4 FY17, Splunk anticipates revenues in the range of $388.00 million to $390.00 million. For fiscal 2017, the Company expects revenues in the band of $1.239 billion to $1.24 1billion with adjusted operating margin of 8.50%. Splunk, also introduced guidance for fiscal 2019, with revenues being anticipated at approximately $1.55 billion and adjusted operating margin increasing to 10.50%.

Stock Performance Snapshot

December 28, 2017 – At Thursday’s closing bell, Splunk’s stock marginally dropped 0.36%, ending the trading session at $82.29.

Volume traded for the day: 662.36 thousand shares.

Stock performance in the last month – up 1.07%; previous three-month period – up 22.69%; past twelve-month period – up 58.07%; and year-to-date – up 60.88%

After yesterday’s close, Splunk’s market cap was at $11.80 billion.

The stock is part of the Technology sector, categorized under the Application Software industry. This sector was up 0.1% at the end of the session.

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