![]() ![]() “In the face of some headwinds, we had solid execution in Q2, including $346 million in cloud revenue, a 59 percent increase over last year,” said Jason Child, CFO of Splunk. These customers appreciate the unique and unmatched level of visibility we provide into their data and consider Splunk their partner of choice to secure and strengthen their mission critical operations.” “Splunk is well-positioned to deliver long-term, durable growth and profitability as we help the world’s largest and most innovative enterprises improve their cybersecurity and business resilience. We also delivered substantially higher non-GAAP operating margin for the quarter, driven by our laser focus on balancing growth with profitability,” said Gary Steele, President and CEO of Splunk. “The value we bring customers is evident in our Q2 results, with total revenues growing 32 percent. Total revenues were $799 million, up 32% year-over-year.Ĭloud revenue was $346 million, up 59% year-over-year.Ĭloud Dollar-Based Net Retention Rate was 129%.ħ23 customers with total ARR greater than $1 million, up 24% year-over-year. (NASDAQ: SPLK), the data platform leader for security and observability, today announced results for its fiscal second quarter ended July 31, 2022. ![]() ![]() Increases Full Year Revenue, Profitability and Cash Flow Outlook From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.Total Revenues Grow 32% Cloud Revenue up 59% Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.įrom thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. The company is scheduled to report quarterly numbers on May 25. The Earnings ESP for NVIDIA Corporation NVDA is +2.57% and it carries a Zacks Rank of 3. The company is set to report quarterly numbers on Jun 1. NTAP is +2.70% and it carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here. It has an Earnings ESP of +6.91% and a Zacks Rank #3. Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:Ĭiena Corporation CIEN is set to release quarterly numbers on Jun 2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. This is not the case here.Įarnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%, with both pegged at a loss of 72 cents per share. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. Our proven model does not predict an earnings beat for Splunk for the fiscal first quarter. The consensus estimate for adjusted loss per share is pegged at 72 cents. The Zacks Consensus Estimate for revenues is pegged at $626 million, which indicates growth from the year-ago quarter’s reported figure of $502 million. It is likely to have benefited from the growing adoption of its data platform and security solutions by organizations owing to the rise in perceived cybersecurity threats.įor the to-be-reported quarter, management expects total revenues to be between $615 million and $635 million. Splunk is playing a critical role in customers’ digital transformation. The contract is likely to have generated incremental revenues for Splunk in the quarter. ![]() It will also enable it to secure transaction processing and empower vital field operations for smooth functioning. The real-time insights are likely to help the restaurant operator cope with the increased demand schedule by aligning its operations accordingly, thereby making critical business decisions to fulfill millions of pizza orders each week. inked a contract with Splunk to leverage data from Splunk Cloud Platform to improve the visibility and performance across more than 3,000 North American stores. Factors at Playĭuring the quarter, Papa John’s International, Inc. The San Francisco, CA-based company is expected to have recorded year-over-year higher revenues, driven by solid demand for cloud-based solutions and customer additions. It pulled off a trailing four-quarter earnings surprise of 115.3%, on average. In the last reported quarter, the company delivered an earnings surprise of 447.4%. SPLK is scheduled to report first-quarter fiscal 2023 (ended Apr 30, 2022) results on May 25, after the closing bell. ![]()
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