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Splunk Inc Shares Fall 6% Despite Beat-and-Raise Q1 Results

Source: Splunk.

Splunk (NASDAQ: SPLK  ) just reported results for the first quarter of fiscal year 2015. In the wake of the report, Splunk shares traded 6% lower after the closing bell. At current after-hours prices, Splunk shares have fallen 56% from 52-week highs set in late February.

The company, which sells software to analyze large volumes of unstructured data generated by machines, saw sales rise 50% year-over-year to $86 million. Splunk also reported a $0.04 adjusted net loss per share, an improvement over the $0.06 loss per share reported in the year-ago period.

Analysts were looking for a $0.06 loss per share on sales of $81 million. Splunk exceeded both targets.

Splunk generated $14.7 million of free cash flows in the first quarter, down from $18.6 million in the corresponding quarter in the previous year. Stock-based compensation expenses, which were excluded from non-GAAP earnings figures, more than tripled year over year to land at $43.2 million.

Looking ahead, management issued revenue guidance above the current Street view for the second quarter. Full-year revenue targets were raised by 1.5%, and now align closely with analyst projections.

"We are accelerating our investments in core technologies, cloud services and market specific solutions to better serve our global customers," said Splunk CEO Godfrey Sullivan in a prepared statement.

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Anders Bylund

Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.

Hypoallergenic. Contains six flavors not found in nature. Believes in coyotes and time as an abstract.

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8/27/2015 4:00 PM
SPLK $64.24 Up +2.76 +4.49%
Splunk CAPS Rating: ***