SPLK), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=SPLK, following the Company's posting of its second quarter fiscal 2018 financial results on August 24, 2017. The maker of software that helps companies collect and analyze internal data, exceeded top- and bottom-line expectations and raised its billing and revenue guidance for the fiscal year. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Application Software industry. Pro-TD has currently selected SecureWorks Corp. (NASDAQ: SCWX) for due-diligence and potential coverage as the Company announced on September 06, 2017, its financial results for Q2 FY18 which ended on August 04, 2017. Register for a free membership today, and be among the early birds that get access to our report on SecureWorks when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SPLK; also brushing on SCWX. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=SPLK

http://protraderdaily.com/optin/?symbol=SCWX

Earnings Reviewed

For its fiscal second quarter ended July 31, 2017, Splunk's total revenues surged 32% to $279.96 million, up 32% compared to revenue of $212.75 million in Q2 FY17. The Company's revenue numbers beat analysts' estimates of $268.8 million. For Q2 FY18, Splunk's total billings were $303.37 million, up 32% compared to $229.34 million in Q2 FY17.

During Q2 FY18, Splunk's overall gross margin was 83%, consistent with its expectations and reflecting improving cloud gross margins. The Company's GAAP operating loss was $82.11 million from $83.63 million in Q2 FY17, while its GAAP operating margin was negative 29.3%. The Company's non-GAAP operating profit was $14.7 million and non-GAAP operating margin was positive 5.2%.

For Q2 FY18, Splunk reported net loss of $83.50 million, or $0.60 per diluted share, compared to GAAP net loss of $86.60 million, or $0.65 per diluted share, in Q2 FY17. The Company's non-GAAP net income was $11.5 million and EPS was $0.08 per share, compared to adjusted income of $6.63 million, or $0.05 per share. Splunk's earnings beat Wall Street's estimates of $0.06 per share.

Splunk's Segment Results

During Q2 FY18, Cloud revenues totaled $21.3 million, and overall software revenues, which include license and cloud, grew 30% on a y-o-y basis. The Company's bookings growth were more than 80% which came from existing customers. Splunk also added over 500 new customers in the reported quarter and recorded 541 orders over $100,000.

In Q2 FY18, Splunk's international operations represented 24% of total revenues, consistent with previous levels and comparable on a y-o-y basis. The Company noted that Education and professional services represented 10% of revenue in the reported quarter, at the higher end of its expected range of 5% to 10%.

Cash Matters

For Q2 FY18, Splunk's cash flow from operations was $23.19 million compared to $18.35 million in Q2 FY17. The Company's free cash flow was $20 million in the reported quarter, and Splunk ended the quarter with approximately $1.1 billion in total cash and investments.

Financial Outlook

For its fiscal third quarter 2018 ending October 31, 2017, Splunk is forecasting total revenues in the range of $307 million and $309 million and non-GAAP operating margin is expected to be approximately 8%.

For its fiscal year 2018 ending January 31, 2018, the Company is estimating total billings to be approximately $1.450 billion compared to the earlier guidance of approximately $1.425 billion. Splunk's total revenues are expected to be between $1.210 billion and $1.215 billion from the previous forecast of approximately $1.195 billion. The Company's non-GAAP operating margin is expected to be approximately 8%.

Stock Performance

At the closing bell, on Wednesday, September 13, 2017, Splunk's stock marginally declined 0.88%, ending the trading session at $67.38. A total volume of 1.65 million shares have exchanged hands, which was higher than the 3-month average volume of 1.54 million shares. The Company's stock price surged 16.98% in the last three months, 9.29% in the past six months, and 15.79% in the previous twelve months. Moreover, the stock soared 31.73% since the start of the year. The stock currently has a market cap of $9.49 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475386

"/> Earnings Review and Free Research Report: Splunk’s Revenue Surged 32%; Adjusted EPS Soared 60% « MarketersMedia – Press Release Distribution Services – News Release Distribution Services

Earnings Review and Free Research Report: Splunk’s Revenue Surged 32%; Adjusted EPS Soared 60%

Research Desk Line-up: SecureWorks Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 14, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Splunk Inc. (NASDAQ: SPLK), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=SPLK, following the Company's posting of its second quarter fiscal 2018 financial results on August 24, 2017. The maker of software that helps companies collect and analyze internal data, exceeded top- and bottom-line expectations and raised its billing and revenue guidance for the fiscal year. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Application Software industry. Pro-TD has currently selected SecureWorks Corp. (NASDAQ: SCWX) for due-diligence and potential coverage as the Company announced on September 06, 2017, its financial results for Q2 FY18 which ended on August 04, 2017. Register for a free membership today, and be among the early birds that get access to our report on SecureWorks when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SPLK; also brushing on SCWX. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=SPLK

http://protraderdaily.com/optin/?symbol=SCWX

Earnings Reviewed

For its fiscal second quarter ended July 31, 2017, Splunk's total revenues surged 32% to $279.96 million, up 32% compared to revenue of $212.75 million in Q2 FY17. The Company's revenue numbers beat analysts' estimates of $268.8 million. For Q2 FY18, Splunk's total billings were $303.37 million, up 32% compared to $229.34 million in Q2 FY17.

During Q2 FY18, Splunk's overall gross margin was 83%, consistent with its expectations and reflecting improving cloud gross margins. The Company's GAAP operating loss was $82.11 million from $83.63 million in Q2 FY17, while its GAAP operating margin was negative 29.3%. The Company's non-GAAP operating profit was $14.7 million and non-GAAP operating margin was positive 5.2%.

For Q2 FY18, Splunk reported net loss of $83.50 million, or $0.60 per diluted share, compared to GAAP net loss of $86.60 million, or $0.65 per diluted share, in Q2 FY17. The Company's non-GAAP net income was $11.5 million and EPS was $0.08 per share, compared to adjusted income of $6.63 million, or $0.05 per share. Splunk's earnings beat Wall Street's estimates of $0.06 per share.

Splunk's Segment Results

During Q2 FY18, Cloud revenues totaled $21.3 million, and overall software revenues, which include license and cloud, grew 30% on a y-o-y basis. The Company's bookings growth were more than 80% which came from existing customers. Splunk also added over 500 new customers in the reported quarter and recorded 541 orders over $100,000.

In Q2 FY18, Splunk's international operations represented 24% of total revenues, consistent with previous levels and comparable on a y-o-y basis. The Company noted that Education and professional services represented 10% of revenue in the reported quarter, at the higher end of its expected range of 5% to 10%.

Cash Matters

For Q2 FY18, Splunk's cash flow from operations was $23.19 million compared to $18.35 million in Q2 FY17. The Company's free cash flow was $20 million in the reported quarter, and Splunk ended the quarter with approximately $1.1 billion in total cash and investments.

Financial Outlook

For its fiscal third quarter 2018 ending October 31, 2017, Splunk is forecasting total revenues in the range of $307 million and $309 million and non-GAAP operating margin is expected to be approximately 8%.

For its fiscal year 2018 ending January 31, 2018, the Company is estimating total billings to be approximately $1.450 billion compared to the earlier guidance of approximately $1.425 billion. Splunk's total revenues are expected to be between $1.210 billion and $1.215 billion from the previous forecast of approximately $1.195 billion. The Company's non-GAAP operating margin is expected to be approximately 8%.

Stock Performance

At the closing bell, on Wednesday, September 13, 2017, Splunk's stock marginally declined 0.88%, ending the trading session at $67.38. A total volume of 1.65 million shares have exchanged hands, which was higher than the 3-month average volume of 1.54 million shares. The Company's stock price surged 16.98% in the last three months, 9.29% in the past six months, and 15.79% in the previous twelve months. Moreover, the stock soared 31.73% since the start of the year. The stock currently has a market cap of $9.49 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475386

Research Desk Line-up: SecureWorks Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 14, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Splunk Inc. (NASDAQ: SPLK), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=SPLK, following the Company's posting of its second quarter fiscal 2018 financial results on August 24, 2017. The maker of software that helps companies collect and analyze internal data, exceeded top- and bottom-line expectations and raised its billing and revenue guidance for the fiscal year. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Application Software industry. Pro-TD has currently selected SecureWorks Corp. (NASDAQ: SCWX) for due-diligence and potential coverage as the Company announced on September 06, 2017, its financial results for Q2 FY18 which ended on August 04, 2017. Register for a free membership today, and be among the early birds that get access to our report on SecureWorks when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SPLK; also brushing on SCWX. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=SPLK

http://protraderdaily.com/optin/?symbol=SCWX

Earnings Reviewed

For its fiscal second quarter ended July 31, 2017, Splunk's total revenues surged 32% to $279.96 million, up 32% compared to revenue of $212.75 million in Q2 FY17. The Company's revenue numbers beat analysts' estimates of $268.8 million. For Q2 FY18, Splunk's total billings were $303.37 million, up 32% compared to $229.34 million in Q2 FY17.

During Q2 FY18, Splunk's overall gross margin was 83%, consistent with its expectations and reflecting improving cloud gross margins. The Company's GAAP operating loss was $82.11 million from $83.63 million in Q2 FY17, while its GAAP operating margin was negative 29.3%. The Company's non-GAAP operating profit was $14.7 million and non-GAAP operating margin was positive 5.2%.

For Q2 FY18, Splunk reported net loss of $83.50 million, or $0.60 per diluted share, compared to GAAP net loss of $86.60 million, or $0.65 per diluted share, in Q2 FY17. The Company's non-GAAP net income was $11.5 million and EPS was $0.08 per share, compared to adjusted income of $6.63 million, or $0.05 per share. Splunk's earnings beat Wall Street's estimates of $0.06 per share.

Splunk's Segment Results

During Q2 FY18, Cloud revenues totaled $21.3 million, and overall software revenues, which include license and cloud, grew 30% on a y-o-y basis. The Company's bookings growth were more than 80% which came from existing customers. Splunk also added over 500 new customers in the reported quarter and recorded 541 orders over $100,000.

In Q2 FY18, Splunk's international operations represented 24% of total revenues, consistent with previous levels and comparable on a y-o-y basis. The Company noted that Education and professional services represented 10% of revenue in the reported quarter, at the higher end of its expected range of 5% to 10%.

Cash Matters

For Q2 FY18, Splunk's cash flow from operations was $23.19 million compared to $18.35 million in Q2 FY17. The Company's free cash flow was $20 million in the reported quarter, and Splunk ended the quarter with approximately $1.1 billion in total cash and investments.

Financial Outlook

For its fiscal third quarter 2018 ending October 31, 2017, Splunk is forecasting total revenues in the range of $307 million and $309 million and non-GAAP operating margin is expected to be approximately 8%.

For its fiscal year 2018 ending January 31, 2018, the Company is estimating total billings to be approximately $1.450 billion compared to the earlier guidance of approximately $1.425 billion. Splunk's total revenues are expected to be between $1.210 billion and $1.215 billion from the previous forecast of approximately $1.195 billion. The Company's non-GAAP operating margin is expected to be approximately 8%.

Stock Performance

At the closing bell, on Wednesday, September 13, 2017, Splunk's stock marginally declined 0.88%, ending the trading session at $67.38. A total volume of 1.65 million shares have exchanged hands, which was higher than the 3-month average volume of 1.54 million shares. The Company's stock price surged 16.98% in the last three months, 9.29% in the past six months, and 15.79% in the previous twelve months. Moreover, the stock soared 31.73% since the start of the year. The stock currently has a market cap of $9.49 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475386

Source URL: https://marketersmedia.com/earnings-review-and-free-research-report-splunks-revenue-surged-32-adjusted-eps-soared-60/239276

Source: AccessWire

Release ID: 239276


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