Splunk gains on lifting outlook, revenue beat
23/08/2023 21:56
** Data analytics software firm Splunk Inc SPLK.O up ~10%
at $109.95 in extended trade
** Lifts lower end of annual recurring revenue to $4.15 bln
from $4.125 bln, retains upper end of guidance at $4.175 bln for
FY 2024
** Sees FY 2024 FCF between $855 mln and $875 mln, up from
previous estimates of $805 mln - $825 mln
** Reports Q2 revenue of $911 million, ahead of Refinitiv
estimates of $885.9 mln
** YTD, SPLK stock gained roughly 16%
(Reporting by Pratyush Thakur)
((Pratyush.Thakur@thomsonreuters.com))