Splunk Inc (NASDAQ:SPLK) reported in-line earnings for its fourth quarter, while sales exceeded estimates.
The San Francisco-based Splunk, provider of the Data-to-Everything Platform, today announced software revenues were $617 million, up 33% year-over-year. Total revenues were $791 million, up 27% year-over-year. GAAP operating loss was $7.8 million; GAAP operating margin was negative 1.0%. GAAP loss per share was $0.15; non-GAAP income per share was $0.96.
For the full-year software revenues were $1.686 billion, up 40% year-over-year.Total revenues were $2.359 billion, up 31% year-over-year. GAAP operating loss was $287 million; GAAP operating margin was negative 12.2%. GAAP loss per share was $2.22; non-GAAP income per share was $1.88. Operating cash flow was negative $288 million with free cash flow of negative $389 million.
Said CEO Doug Merritt "This was a transformational year for Splunk. We have transitioned our business model, our product strategy and introduced new and enhanced pricing models as part of our company-wide, cloud-first approach. These shifts have provided unprecedented value to our customers by bringing Data-to-Everything.”
Data-to-Everything, launched last September, "helps over 19,000 global customers unlock trapped value by bringing data to every question, decision and action,” according to Thursday’s news release. “Powered by major new products including Splunk Data Fabric Search (DFS), Splunk Data Stream Processor (DSP) and Splunk Business Flow, the Data-to-Everything platform helps customers remove the barriers between data and action, allowing them to know what is happening within their organization and turn data into doing."
SPLK shares tumbled $7.46, or 4.8%, to $147.94.
