Splunk rises after raising annual forecast
24/05/2023 21:55
** Shares of data analytics software maker Splunk Inc
SPLK.O up 6.1% at $102.58 in extended trading
** Co expects free cash flow to be between $805 mln and $825
mln vs previous forecast of between $775 mln and $795 mln
** SPLK sees fiscal 2024 revenue to be at the top end of its
prior forecast of $3.85 bln to $3.9 bln
** Co also expects Q2 revenue of $880 mln to $895 mln, ahead
of analysts' estimate of $868.5 mln - Refinitiv
** SPLK also posts fiscal 2024 Q1 revenue of $751.5 mln vs
avg analysts' estimate of $722.4 mln - Refinitiv
** Up to last close, stock is up 12.3% YTD
(Reporting by Sourasis Bose in Bengaluru)
((Sourasis.bose@thomsonreuters.com))