Splunk -6.3% AH on in-line FY15 guidance

Splunk (SPLK) expects FQ2 revenue of $92M-$94M, above a $91.6M consensus. But FY15 (ends Jan. '15) guidance is for revenue of $402M-$410M, which is only in-line with a $406.9M consensus. After many quarters of guiding above consensus, investors wanted more.

License revenue (drives future services revenue) grew 42% Y/Y to $51.3M. Services revenue grew 65% to $34.6M. 400+ customers were added, raising the total to 7.4K+.

FQ1 op. margin was -4.2%, above guidance of -8% to -10%. GAAP opex rose 84% Y/Y to $121.8M, with sizable increases in sales/marketing, R&D, and G&A spend.

Guidance for an FY15 op. margin of "approximately zero" is being reiterated. FQ2 op. margin is expected to be in the -2% to -4% range.

Splunk's deferred revenue balance rose 65% Y/Y to $194M.

FQ1 results, PR

From other sites
Comments (2)
  • Deja Vu
    , contributor
    Comments (1814) | Send Message
    51 million in losses on 85 million in revenue. How come when you do a VC pitch, they always keep asking about when you'll make money? Why are startups held to higher standards than these public companies?
    29 May 2014, 06:45 PM Reply Like
  • sodalover
    , contributor
    Comments (157) | Send Message
    29 May 2014, 08:28 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs