Categories Analysis, Technology

Splunk to report Q2 earnings next week

Software company Splunk (NASDAQ: SPLK) is slated to report second-quarter 2020 financial results on August 21, Wednesday, after the regular trading hours.

During the last earnings announcement, the company had posted better-than-expected results and had raised its full-year guidance, on strong demand for its software that helps firms analyze internal data. Splunk will be hoping to pull off a repeat of last quarter.

The company’s transition to a cloud-based subscription model from the earlier hosted model is expected to benefit the top-line in Q2. Analysts have projected second-quarter revenues of $488.35 million, up 25.8% year-over-year, riding on strong growth in software revenues.

splunk
Image courtesy: Splunk on Twitter

In the first quarter, software revenues registered a 54% increase to $265 million.

Down the line, the San Francisco, California-based big data firm to expected to post a profit of 12 cents per share in the second quarter, compared to 8 cents per share a year ago. Splunk has surpassed analysts’ estimates in all of the four trailing quarters.

Separately, investors will be interested to see whether the slowdown in customer additions witnessed in Q1 would continue into Q2.  In the second quarter of last year, Splunk had added over 550 new enterprise customers, so investors will be looking at a year-over-year rise.

READ: Splunk earnings call transcripts

The company’s client base has grown consistently over the last decade from 450 at the fiscal 2008 end to 17,500 at the end of fiscal 2019.

The data analysis provider has acquired firms like Rocana, SignalSense, Drastin, Phantom, and VictorOps over the past two years to augment its service offerings, which has helped it to compete with its peers and expand its client base.

Splunk has also entered into strategic partnerships with firms like Amazon Web Services, Cisco Systems, Symantec and Accenture. These deals are expected to bring in more clients and expand its service offerings across the globe, which is going to be accretive to earnings in the near future.

SPLK shares have gained 19% since the beginning of this year, and 18% in the past year.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results

Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a

AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates

Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion

Comments

  1. Pingback: Arie Baisch
  2. Pingback: Chirurgie Tunisie
  3. Pingback: MBA in FUE
  4. Pingback: اقتصاد
  5. Pingback: Marketing courses
  6. Pingback: Luce lineare LED
  7. Pingback: panantukan
  8. Pingback: butterfly exercice
  9. Pingback: Fiverr Earn
  10. Pingback: Fiverr Earn
  11. Pingback: Fiverr Earn
  12. Pingback: Fiverr Earn
  13. Pingback: Fiverr Earn
  14. Pingback: fiverrearn.com
  15. Pingback: fiverrearn.com
  16. Pingback: flatbed broker
  17. Pingback: liv pure mediprime
  18. Pingback: weather tomorrow
  19. Pingback: fiverrearn.com
  20. Pingback: fiverrearn.com
  21. Pingback: grey frenchie
  22. Pingback: fluffy frenchies
  23. Pingback: chiweenie lifespan
  24. Pingback: isla paddle board
  25. Pingback: vietravel tour
  26. Pingback: future university
  27. Pingback: future university
  28. Pingback: frenchie puppies
  29. Pingback: lean manufacturing
  30. Pingback: Piano service
  31. Pingback: Piano service
  32. Pingback: Local movers
  33. Pingback: Commercial moving
  34. Pingback: Classic Books 500
  35. Pingback: FiverrEarn
  36. Pingback: FiverrEarn
  37. Pingback: FiverrEarn
  38. Pingback: FiverrEarn
  39. Pingback: FiverrEarn
  40. Pingback: Becoming Porn star
  41. Pingback: pupuk organik
  42. Pingback: pupuk terbaik
  43. Pingback: partners
  44. Pingback: menorescue website
  45. Pingback: Tips
  46. Pingback: live sex cams
  47. Pingback: live sex cams
  48. Pingback: french bulldog
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: FiverrEarn
  57. Pingback: FiverrEarn
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: FiverrEarn
  61. Pingback: FiverrEarn
  62. Pingback: dog probiotics
  63. Pingback: live sex cams
  64. Pingback: freeze dried
  65. Pingback: frt trigger
  66. Pingback: 늑대닷컴
  67. Pingback: Slot Hewan
  68. Pingback: One Peace AMV
  69. Pingback: nangs sydney
  70. Pingback: allgame
  71. Pingback: 918kiss
  72. Pingback: หวย24
  73. Pingback: Body Care
  74. Pingback: pg slot
  75. Pingback: AI Lawyer
  76. Pingback: health supplements
  77. Pingback: itsMasum.Com
  78. Pingback: ItMe.Xyz
  79. Pingback: masumintl
  80. Pingback: itme.xyz
  81. Pingback: Bulk URL Shortener
  82. Pingback: FB URL Shortener
  83. Pingback: MasumINTL.Com
  84. Pingback: itme.xyz
  85. Pingback: Bokeo Thailand
  86. Pingback: Bokeo Thailand

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top