Splunk Q2 Revenues Jump, but Loss Deepens

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Splunk (NASDAQ: SPLK  ) had a mixed Q2 2014, with its top and bottom lines moving in different directions. The company released its quarterly results, revealing that revenue for the period came in at nearly $67 million, up 50% from the $44 million in the same period the previous year. Net loss, on the other hand, deepened considerably, to $13.7 million ($0.13 per diluted share) from Q2 2013's shortfall of $4.6 million ($0.05). On a non-GAAP basis, that most recent per-share loss was $0.01.

Analysts had been expecting revenue of $63 million and a loss of $0.03 per share.

Splunk also provided forward guidance. For its current Q3, top line is anticipated to come in at $69 million-$71 million, with non-GAAP operating margin of between zero and -2%. Those ranges for the entirety of fiscal 2014 are now expected to be $275 million-$281 million and around zero, respectively.

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Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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