Stock rises: Splunk sets a clean quarter


And they can be seen. The provider of software for "real-time operational intelligence" increased sales in the second fiscal quarter by 71 percent to 44.5 million dollars, with license revenues grew by 61 percent to 30.2 million dollars. The bottom line was a net loss of $ 4.5 million, primarily due to one-off effects on stock compensation (the non-GAAP loss was $ 0.7 million). The EPS amounted to minus five cents per share.

Splunk reports $ 3.8 million in operating cash flow and $ 2.2 million in free cash flow. "The momentum from our first quarter of fiscal 2013 continued in the second quarter, " said company president Godfrey Sullivan. "We've gained nearly 400 new customers, but we're also excited about the extended use of Splunk among our existing customers." The list of new customers includes Allianz Insurance (UK), Monster Worldwide, Orance France, O'Reilly Media, Pixar Animation Studios, and the US Postal Service.

For the current third quarter, Splunk expects revenues of $ 45-47 million and a negative non-GAAP operating margin of four to five percent. For the full fiscal year, management increased its revenue guidance to $ 183 to $ 186 million (previously: $ 174 to $ 177 million); the operating margin should be at minus two to three (previously: minus four to five) percent.

Investors were pleased with the numbers, the Splunk share was trading a good 18 percent higher than yesterday's close before opening the Nasdaq.