Splunk Revenue Increase With The Growth Of Big Data

Splunk said Q4 earnings per share tripled, while revenue outlook also topped estimates in the latest upbeat report for Big Data firms.

Revenue climbed 48% to $147.4 million, also better than expected. Splunk said it added 600 new customers in Q4.Splunk sees Q1 revenue of $116 million to $118 million. It now sees full-year revenue of $600 million vs. its prior target for $575 million. Both are higher than Wall Street forecasts.

The data analytics firm earned 9 cents a share excluding various items, up from 3 cents a year earlier. Wall Street had expected 4 cents. Including items, Splunk lost 47 cents a share.

Shares of Splunk rose 6.5% to 74.10 in late trading on the stock market today. That would be a 10-month high. The stock ended the regular session up 3.1% to 69.57, a 10-month closing high.



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