Splunk Loss Narrower Than Estimates, Lifts FY Sales Guidance; Stock Down 3%

(RTTNews) - Data-analysis software maker Splunk Inc (SPLK) on Thursday reported first-quarter net loss of $71.2 million or $0.57 per share compared with a loss of $50.8 million or $0.43 per share last year.

Excluding stock-based compensation expense and other one-time items, adjusted loss for the quarter was $0.01 per share compared with a loss of $0.04 per share a year ago.

Revenues for the quarter were up 46% at $125.7 million compared with $85.9 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.03 per share on revenues of $118.2 million for the quarter. Analysts' estimates typically exclude special items.

Gross margin fell to 81.6% from 83.5% a year ago.

For the second quarter of fiscal 2016, the company expects revenues of $138 million to $140 million, while analysts expect $136.4 million.

For the full year, the company now expects revenues of $610 million to $614 million, up from prior guidance of $600 million. Analysts expect revenues of $603.5 million.