Splunk (SPLK) reported earnings on Wed 2 Dec 2020 (a/h)

 

Splunk misses by $0.16, misses on revs; guides Q4 revs below consensus

Reports Q3 (Oct) loss of $0.07 per share, $0.16 worse than the S&P Capital IQ Consensus of $0.09; revenues fell 10.8% year/year to $558.57 mln vs the $613.83 mln S&P Capital IQ Consensus.

Cloud ARR was $630 million, up 71% year-over-year.

Total ARR was $2.07 billion, up 44% year-over-year.

Co issues downside guidance for Q4, sees Q4 revs of $650-$700 mln vs. $783.68 mln S&P Capital IQ Consensus. Non-GAAP operating margin is expected to be between negative 4% and positive 3%.