Why Splunk Shares Are Gaining Today
Portfolio Pulse from Lekha Gupta
Splunk Inc (NASDAQ:SPLK) reported Q1 FY24 revenue of $752 million, beating the consensus of $722 million. Cloud revenue grew 30% Y/Y, and adjusted EPS of $0.18 beat the consensus loss of $(0.13). The company revised its FY24 revenue guidance to the top-end of its prior range and raised its adjusted operating margin and FCF guidance.
May 25, 2023 | 10:59 am
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Splunk Inc reported better-than-expected Q1 FY24 revenue and raised its FY24 guidance, driving its shares up 8.49% premarket.
Splunk Inc reported Q1 FY24 revenue of $752 million, beating the consensus of $722 million. The company also raised its FY24 guidance, which is a positive signal for investors. As a result, the stock price is likely to go up in the short term.
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