Splunk revenue up 54% in Q1
Total revenue was $57.2m, up from $37.2 in the same period last year, while revenue from licences was up 48% Y-o-Y at $36.2m.
However, GAAP operating loss was $15.7m, a negative margin of 27.4%, while non-GAAP operating loss was $5.3m or negative 9.2% of revenues.
The company predicted that the second quarter would see total revenues of between $61m and $63m and between $266m and $274m for the year as a whole.
CEO and chairman Godfrey Sullivan said the company was “off to a strong start in the first quarter”.
He added: “Years of investment and product innovation have resulted in recognition that Splunk is disrupting the enterprise software space.”
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