Data analytics software maker Splunk late Thursday posted fiscal Q1 results that beat views, as did its Q2 revenue forecast. But its full-year revenue outlook was just light and the beat wasn’t enough to appease skittish investors. Splunk (SPLK) stock tumbled 9% after hours, after it posted results for the quarter ended April 30. High-growth enterprise software companies ServiceNow (NOW) and Tableau Software (DATA) also saw their stocks fall after
Customer demand and lack of viable products from its rivals will likely bode well for Splunk (SPLK) when the enterprise software maker posts Q1 earnings after the market close Thursday. So says Steve Koenig, an analyst for Wedbush Securities, in a research report released last week. Splunk’s analytics software helps companies uncover data bottlenecks in their software applications and networks. Companies also use the software to detect security
Two of technology’s emerging young guns have formed a partnership to better compete with larger rivals Oracle, SAP and others trying to tackle the growing Big Data market. On Wednesday, Splunk (SPLK) and Tableau Software (DATA), which rank among the tech industry’s fastest-growing companies, will announce a pairing that will launch a one-stop shop featuring both companies’