Splunk (SPLK) Misses Q1 EPS by 21c, Revenue Beats, Offers Guidance

Splunk (NASDAQ: SPLK) reported Q1 EPS of ($0.91), $0.21 worse than the analyst estimate of ($0.70). Revenue for the quarter came in at $502 million versus the consensus estimate of $491.32 million.

GUIDANCE:

Splunk sees Q2 2022 revenue of $550-570 million, versus the consensus of $561.4 million.

• Cloud ARR is expected to be between $950 million and $960 million.
• Total ARR is expected to be between $2.59 billion and $2.61 billion.
• Total revenues are expected to be between $550 million and $570 million.
• Non-GAAP operating margin is expected to be approximately negative 25%.

For earnings history and earnings-related data on Splunk (SPLK) click here.

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