202103 Mar
Splunk shares rise as fiscal Q4 recurring revenue tops expectations, lead by cloud
Type
General News
Companies
Source
Zdnet
Summary

Data analytics software pioneer Splunk this afternoon reported Q4 revenue that topped analysts expectations, and a much higher-than-expected profit per share, and showed subscription recurring revenue that beat analysts expectations. The report sent Splunk shares modestly higher in late trading. CEO Doug Merritt said he was "incredibly proud of our progress through our transformation, and this quarters performance is no exception." At our size, Splunk is one of the fastest growing companies in the history of enterprise software." Added Child, "As organizations continue to reinvent towards the cloud, Im confident that our ability to support them across IT, Security and Developer operations positions Splunk for long-term success."

Classifications
  • Security
  • Security Software
  • Networking
  • Virtualization & Network Resources
  • Data Management