Splunk rises on upbeat Q3 revenue forecast

Splunk

24/08/2023 11:07

** Shares of data analytics software maker Splunk  SPLK.O 
up 14% at $113.88 premarket
    ** Splunk forecasts Q3 revenue above market estimates,
banking on upbeat spending by companies that are increasingly
adopting artificial intelligence 
    ** Expects Q3 revenue between $1.02 bln - $1.035 bln
compared with analysts estimates of $981.34 mln - Refinitiv
    ** On an adjusted basis, company reports second-quarter
profit of 71 cents/share, beating expectations of 45 cents
apiece
    ** As of last close, shares up ~16% YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))