NEWS31 August 2012

Splunk revenue up 71% in fiscal Q2

Financials North America

US— Data analytics software firm Splunk has posted a 71% increase in revenue for its fiscal second quarter.

Total revenue was up from $25.9m in the same period last year to $44.4m this year, while revenue from licenses rose 61% to $30.2m from $18.7m.

However, the firm posted an operating loss, on a GAAP basis, of $4.5m compared to loss compared to a loss of $3.2m last year. GAAP operating margin was a negative 10.2%. Chief financial officer David Conte said that the “vast majority” of expenses were related to people costs, which was causing the operating margin to fluctuate.

Looking forward to the third quarter, Splunk is predicting revenue of between $45m and $47m, and between $174 and $177m for the year as a whole.

CEO Godfrey Sullivan (pictured) said that he was “pleased to say that the momentum from our fiscal first quarter of 2012 has continued into Q2” and added that the firm had added more than 400 customers during the period.

He added: “Our new customers usually purchase Splunk to solve one use case, and then learn more about the value of their machine data, hence expanding to additional use cases over time.”