Seeking Alpha

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
Comments (2)
  • Deja Vu
    , contributor
    Comments (1149) | 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, 06:45 PM Reply Like
  • sodalover
    , contributor
    Comments (20) | Send Message
    29 May, 08:28 PM Reply Like
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