![]() ![]() The top-line growth was driven by positive demand trends in cloud services, cybersecurity and observability domains. The top line surpassed the consensus estimate of $888 million. ![]() Total revenues in second-quarter fiscal 2024 increased to $910.6 million from $798.8 million in the prior year. The bottom line beat the Zacks Consensus Estimate by 29 cents. Non-GAAP net income in the reported quarter was $134.8 million or 71 cents per share compared with $16.9 million or 9 cents per share in the year-ago quarter. The improved performance was primarily attributable to top-line growth and lower operating expenses. On a GAAP basis, the company incurred a net loss of $63.2 million or a loss of 38 cents per share compared with a net loss of $209.7 million or a loss of $1.30 per share in the prior-year quarter. ![]() Despite macroeconomic headwinds, the company reported higher revenues year over year, driven by rising customer engagements, continuous innovation and a robust product portfolio. Splunk is witnessing healthy traction in cloud services and the cybersecurity domain. The company’s expense-control strategy and focus on improving operational efficiency supported the bottom line. Splunk reported solid second-quarter fiscal 2024 results, with the bottom and the top line beating the respective Zack Consensus Estimate. Splunk Q2 Earnings Beat on Healthy Revenue Growth ![]()
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