Splunk Sees Q2 Revenue $880M-$895M Vs $868.46M Est.; FY24 Revenue Above Top End Est Of $3.9B Vs $3.89B Est.
Portfolio Pulse from Happy Mohamed
Splunk raises its Q2 and FY24 revenue guidance, expecting Q2 revenue between $880M-$895M and FY24 revenue above the top end estimate of $3.9B. The company also increases its non-GAAP operating margin and free cash flow projections for FY24.
May 24, 2023 | 8:09 pm
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Splunk raises its Q2 and FY24 revenue guidance, expecting Q2 revenue between $880M-$895M and FY24 revenue above the top end estimate of $3.9B. The company also increases its non-GAAP operating margin and free cash flow projections for FY24.
Splunk's raised revenue guidance for both Q2 and FY24, as well as increased non-GAAP operating margin and free cash flow projections for FY24, indicate strong financial performance and growth prospects. This positive news is likely to have a short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100