Splunk Sees Q3 Revenue $1.02B-$1.035B Vs $981.34M Est.; FY24 Revenue $3.925B-$3.95B Vs $3.9B Est.
Portfolio Pulse from Happy Mohamed
Splunk has updated its financial outlook for Q3 and FY24. For Q3, it expects total revenues to be between $1.02 billion and $1.035 billion, and for FY24, it expects total revenues to be between $3.925 billion and $3.95 billion. The company also expects an increase in its non-GAAP operating margin and free cash flow for FY24.
August 23, 2023 | 8:10 pm
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POSITIVE IMPACT
Splunk's updated financial outlook for Q3 and FY24 shows expected increases in revenues, non-GAAP operating margin, and free cash flow. This could potentially lead to a positive impact on its stock price.
The company's updated financial outlook shows expected increases in key financial metrics such as revenues, non-GAAP operating margin, and free cash flow. These positive expectations could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100