Shares of Splunk Inc. (NASDAQ: SPLK), a leading software platform for real-time operational intelligence, edged higher in trading on Friday after the company reported its third-quarter financial results.
Godfrey Sullivan, Chairman and CEO of Splunk, said that he is pleased to welcome more than 350 new Enterprise customers to the SPLK family and also wants to recognize the many customers who expanded their use of the Splunk software during the quarter. Sullivan said that the company’s license revenues were the result of broad adoption by customers in the financial services, technology, telecommunications and government sectors.
For the quarter ended October 31, 2012, SPLK reported total revenue of $52 million, representing an increase of 67% over the same period in the previous year. The company’s license revenue for the quarter was $34.6 million, up 56% over the same period in the previous year.
SPLK reported an operating loss of $5.4 million for the third quarter. On a non-GAAP basis, the company’s operating loss for the quarter was $0.7 million. SPLK reported GAAP net loss of $5.5 million, or $0.06 per share for the quarter. Net loss on a non-GAAP basis was $0.8 million, or $0.01 per share for the quarter.
Looking ahead to the fourth quarter, SPLK expects total revenue to be between $58 million and $60 million. The company, meanwhile, raised its revenue and operating margin guidance for fiscal 2013. SPLK now expects total revenue for the fiscal year ending January 31, 2013 to be between $192 million and $194 million, compared to previous guidance range of $183 million to $186 million. Non-GAAP operating margin for the fiscal year 2013 is expected to be between negative 1% and negative 2%, compared to previous forecast of negative 2% to negative 3%.
SPLK shares rose 0.73% to finish at $30.20 on Friday. Year-to-date, the stock has fallen 16.57%.