A shift to more recurring revenue means lower cash flows for now.
News & Analysis: Splunk
A blowout quarter wasn’t enough to prevent a cash-burn induced tumble.
Cash flows are suffering due to Splunk's shift to renewable bookings. Opportunistic investors should take note.
Analysts looked past stronger-than-expected earnings and focused instead on cash flow projections.
Splunk fell despite beating expectations, while Intuit rose after a strong tax season and an improved forecast for the year.
SPLK earnings call for the period ending April 30, 2019.
Over 400 new customers decided to dive into their data using Splunk's operational-intelligence platform last quarter.
These companies are all using AI to get ahead.
Massive growth in data -- and in company sales -- makes Splunk a good stock to sit on for awhile.
New customers are still lining up to take advantage of the big data company’s services.