Total Revenues Grew 40%; Increases Full-Year
Outlook
Splunk Inc. (NASDAQ: SPLK), provider of the leading software
platform for real-time Operational Intelligence, today announced
results for its fiscal third quarter ended October 31, 2016.
Third Quarter 2017 Financial
Highlights
- Total revenues were $245 million, up
40% year-over-year.
- License revenues were $140 million, up
34% year-over-year.
- GAAP operating loss was $91.0 million;
GAAP operating margin was negative 37.2%.
- Non-GAAP operating income was $16.7
million; non-GAAP operating margin was 6.8%.
- GAAP loss per share was $0.69; non-GAAP
earnings per share was $0.12.
- Operating cash flow was $45.3 million
with free cash flow of $32.3 million.
“Our market opportunity is tremendous,” said Doug Merritt,
President and CEO. “Splunk provides the market leading platform
that powers Operational Intelligence to enable customers to cost
effectively get value from machine data. We want to make it easier
to collect and analyze even larger volumes and varieties of data to
help our customers gain more insights and value from Splunk
solutions. Our passionate customers and their innovations with the
Splunk platform are at the core of our success.”
Third Quarter 2017 and Recent Business
Highlights:
Customers:
- Signed nearly 500 new enterprise
customers.
- New and Expansion Customers
Include: BMW (Germany), Cequint, Dow Jones, Educational
Testing Services, Emirates Airlines, Exostar, Florida State
University, Garanti Bank (Turkey), Monash University (Australia),
Progressive Insurance, Rackspace, State of Maine, University Health
System, University of Illinois, University of Miami, U.S.
Department of Homeland Security, U.S. Department of State, Yahoo
Japan and Zendesk.
Products:
- Announced the newest versions of Splunk
solutions leverage machine learning to empower IT, security and
business teams to make better data decisions and maximize the value
machine data can deliver to organizations.
- Announced the general availability (GA)
of the new versions of Splunk Cloud and Splunk Enterprise to expand
the Splunk platform with machine learning and simplified data
analysis.
- Announced the GA of Splunk IT Service
Intelligence 2.5 (ITSI) to simplify service operations with machine
learning and deliver business and service context to help
prioritize incident investigation.
- Announced the GA of Splunk Enterprise
Security 4.5 (ES), which includes Adaptive Response to extend the
security architecture beyond legacy preventative technologies and
expand its visual analytics capabilities with Glass Tables.
- Announced the GA of Splunk User
Behavior Analytics 3.0 (UBA) to provide customers with the ability
to update detection footprint with zero downtime and without
hassle.
- Introduced the Talk to Splunk with
Amazon Alexa App, enabling Splunk instances to interface with
Amazon Alexa by way of a custom Alexa skill and thereby
provisioning a Natural Language interface for Splunk.
- Released Splunk AppInspect, the first
static and dynamic analysis tool for Splunk apps, making it
possible for developers to get their work done faster, with fewer
errors and less debugging.
Corporate:
- Unveiled Splunk Pledge, a new
philanthropic program through the Splunk4Good initiative, which
commits to donate a minimum of $100 million in software licenses,
training, support, education and volunteerism over a 10-year period
to nonprofit organizations and educational institutions in order to
support academic research and generate social impact.
- Announced investments in two companies
– Acalvio and Insight Engines – to further drive innovation and
extend the power and reach of the Splunk platform.
Strategic and Channel Partners:
- Announced the expansion of the
Splunk-led Adaptive Response Initiative to strengthen enterprise
security, with 11 new members including Acalvio, Anomali, Cisco,
CrowdStrike, DomainTools, ForeScout, Okta, Proofpoint, Qualys,
Recorded Future and Symantec.
- Cisco and Splunk joined forces at
.conf2016 to highlight the companies’ eight-year partnership,
together delivering integrated solutions for thousands of
organizations around the globe.
- Highlighted the strong partnership
between Amazon Web Services (AWS) and Splunk at .conf2016, focused
on driving customer success in the cloud.
- Ansible by Red Hat introduced the
Ansible Tower App for Splunk, a new app developed to
ingest all data associated with Ansible deployments,
inventories and jobs and deliver this visibility to teams involved
in app delivery.
Recognition:
- Splunk received three Cisco® Partner
Summit awards – one Global award and two country awards in the U.S.
Splunk was recognized as Global ISV Partner of the Year, as well as
a U.S. (West) Outstanding Solutions Partner and U.S. Public Sector
ISV and Consultant Partner of the Year.
- Splunk was named by Glassdoor as one of
the top-rated public cloud company employers.
- Splunk Cloud was named the 2016 Best
Big Data Analytics Solution in the fourth Cloud & DevOps World
Awards, which honor excellence and innovation in cloud
computing.
- Splunk was named to Database Trends and
Applications’ annual Big Data 50 awards.
- Splunk was ranked 18th on the San
Francisco Business Times’ list of the 75 Largest Software Companies
in the Greater Bay Area.
Events:
- Hosted .conf2016, the 7th annual Splunk
Worldwide Users’ Conference in Orlando, drawing more than 4,500
Splunk enthusiasts, partners and experts in machine learning, data
analytics, security, IT operations, cloud, DevOps, SaaS, business
analytics, Internet of Things and more.
- Hosted SplunkLive! events in cities
worldwide, including Auckland, Santa Clara, Denver, Nashville,
Shanghai and Stockholm. Presentations can be found on the
SplunkLive! website.
Appointments:
- Appointed Brian Goldfarb as Chief
Marketing Officer.
- Appointed Richard Campione as Chief
Product Officer.
Financial Outlook
The company is providing the following guidance for its fiscal
fourth quarter 2017 (ending January 31, 2017):
- Total revenues are expected to be
between $286 and $288 million.
- Non-GAAP operating margin is expected
to be between 8% and 9%.
The company is updating its previous guidance for its fiscal
year 2017 (ending January 31, 2017):
- Total revenues are expected to be
between $930 and $932 million (was between $910 and $914 million
per prior guidance provided on August 25, 2016).
- Non-GAAP operating margin is expected
to be between 5% and 6% (was approximately 5% per prior guidance
provided on August 25, 2016).
All forward-looking non-GAAP financial measures contained in
this section “Financial Outlook” exclude estimates for stock-based
compensation expenses, employer payroll tax expense related to
employee stock plans, amortization of acquired intangible assets,
acquisition-related costs and adjustments related to a financing
lease obligation.
A reconciliation of non-GAAP guidance measures to corresponding
GAAP measures is not available on a forward-looking basis without
unreasonable effort due to the uncertainty regarding, and the
potential variability of, many of these costs and expenses that may
be incurred in the future. For example, stock-based compensation
expense is impacted by a number of factors, such as Splunk’s future
hiring and retention, as well as the future fair market value of
Splunk’s common stock, all of which are difficult to predict and
subject to constant change. The company has provided a
reconciliation of GAAP to non-GAAP financial measures in the
financial statement tables for its fiscal third quarter 2017
non-GAAP results included in this press release. The exclusion of
these costs and expenses will have a significant impact on Splunk’s
non-GAAP operating margin.
Conference Call and
Webcast
Splunk’s executive management team will host a conference call
today beginning at 1:30 p.m. PT (4:30 p.m. ET) to discuss the
company’s financial results and business highlights. Interested
parties may access the call by dialing (866) 501-1535.
International parties may access the call by dialing (216)
672-5582. A live audio webcast of the conference call will be
available through Splunk’s Investor Relations website at
http://investors.splunk.com/events.cfm. A replay of the call will
be available through December 6, 2016 by dialing (855) 859-2056 and
referencing Conference ID: 4131068.
Safe Harbor Statement
This press release contains forward-looking statements that
involve risks and uncertainties, including statements regarding
Splunk’s revenue and non-GAAP operating margin targets for the
company’s fiscal fourth quarter and fiscal year 2017 in the
paragraphs under “Financial Outlook” above and other statements
regarding customer demand and return on investment, market
opportunity, the rate of customer adoption and growth strategies.
There are a significant number of factors that could cause actual
results to differ materially from statements made in this press
release, including: Splunk’s limited operating history and
experience developing and introducing new products, including its
cloud offerings; risks associated with Splunk’s rapid growth,
Splunk’s limited experience with respect to predicting future
customer demand and customer acceptance of the company’s products
and services, in and outside of the United States; Splunk’s ability
to rapidly and successfully integrate new employees into its
workforce, particularly sales personnel; Splunk’s inability to
realize value from its significant investments in its business,
including product and service innovations; Splunk’s transition to a
multi-product software and services business; Splunk’s inability to
successfully integrate acquired businesses and technologies; and
general market, political, economic and business conditions.
Additional information on potential factors that could affect
Splunk’s financial results is included in the company’s Quarterly
Report on Form 10-Q for the quarter ended July 31, 2016, which is
on file with the U.S. Securities and Exchange Commission. Splunk
does not assume any obligation to update the forward-looking
statements provided to reflect events that occur or circumstances
that exist after the date on which they were made.
About Splunk Inc.
Splunk Inc. (NASDAQ: SPLK) is the market-leading
platform that powers Operational Intelligence. We
pioneer innovative, disruptive solutions that make machine
data accessible, usable and valuable to everyone. More than 12,000
customers in over 110 countries use Splunk software and cloud
services to make business, government and education more efficient,
secure and profitable. Join hundreds of thousands of passionate
users by trying Splunk solutions for free:
http://www.splunk.com/free-trials.
Social Media: Twitter | LinkedIn | YouTube
| Facebook
Splunk, Splunk>, Listen to Your Data, The Engine for Machine
Data, Hunk, Splunk Cloud, Splunk Light and SPL are trademarks and
registered trademarks of Splunk Inc. in the United States and other
countries. All other brand names, product names, or trademarks
belong to their respective owners. © 2016 Splunk Inc. All rights
reserved.
SPLUNK INC.CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS(In thousands, except per share
data)(Unaudited) Three
Months Ended Nine Months Ended October
31,2016 October 31,2015 October
31,2016 October 31,2015 Revenues License $
139,725 $ 104,164 $ 356,412 $ 263,996 Maintenance and services
105,064 70,256 287,082
184,415 Total revenues 244,789
174,420 643,494 448,411
Cost of revenues License 2,883 3,136 8,713 6,110 Maintenance and
services 45,791 27,455 124,077
72,606 Total cost of revenues 48,674
30,591 132,790 78,716
Gross profit 196,115 143,829
510,704 369,695 Operating
expenses Research and development 85,659 56,186 220,254 149,192
Sales and marketing 167,330 130,131 462,709 343,906 General and
administrative 34,079 29,857
100,464 85,489 Total operating expenses
287,068 216,174 783,427
578,587 Operating loss (90,953 ) (72,345 )
(272,723 ) (208,892 ) Interest and other
income (expense), net Interest income (expense), net (823 ) 377
(2,023 ) 1,162 Other income (expense), net (348 )
(271 ) (2,536 ) (477 ) Total interest and other
income (expense), net (1,171 ) 106
(4,559 ) 685 Loss before income taxes (92,124 )
(72,239 ) (277,282 ) (208,207 ) Income tax provision (benefit)
1,367 735 3,702
(8,758 ) Net loss $ (93,491 ) $ (72,974 ) $ (280,984 ) $ (199,449 )
Basic and diluted net loss per share $ (0.69 ) $
(0.57 ) $ (2.11 ) $ (1.58 )
Weighted-average shares used in computing
basic and diluted net loss per share
134,677 128,368 133,273
126,534
SPLUNK INC.CONDENSED
CONSOLIDATED BALANCE SHEETS(In
thousands)(Unaudited) October
31,2016 January 31,2016 ASSETS
Current assets Cash and cash equivalents $ 365,593 $ 424,541
Investments, current portion 661,406 584,498 Accounts receivable,
net 172,489 181,665 Prepaid expenses and other current assets
29,743 26,565 Total current assets
1,229,231 1,217,269 Investments,
non-current 5,000 1,500 Property and equipment, net 159,823 134,995
Intangible assets, net 40,423 49,482 Goodwill 124,642 123,318 Other
assets 15,845 10,275 Total assets $
1,574,964 $ 1,536,839 LIABILITIES AND
STOCKHOLDERS' EQUITY Current liabilities Accounts payable $
6,395 $ 4,868 Accrued payroll and compensation 83,360 95,898
Accrued expenses and other liabilities 78,873 49,879 Deferred
revenue, current portion 385,519 347,121
Total current liabilities 554,147
497,766 Deferred revenue, non-current 113,636 102,382
Other liabilities, non-current 93,010 77,277
Total non-current liabilities 206,646
179,659 Total liabilities 760,793
677,425 Stockholders' equity Common stock 136 132
Accumulated other comprehensive loss (3,010 ) (3,770 ) Additional
paid-in capital 1,763,624 1,528,647 Accumulated deficit
(946,579 ) (665,595 ) Total stockholders' equity
814,171 859,414 Total liabilities and
stockholders' equity $ 1,574,964 $ 1,536,839
SPLUNK INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH
FLOWS(In thousands)(Unaudited)
Three Months Ended Nine Months Ended
October 31,2016 October 31,2015
October 31,2016 October 31,2015
Cash Flows From Operating Activities Net loss $ (93,491 ) $
(72,974 ) $ (280,984 ) $ (199,449 ) Adjustments to reconcile net
loss to net cash provided by operating activities: Depreciation and
amortization 8,279 5,691 22,914 13,467 Amortization of investment
premiums 173 327 620 1,049 Stock-based compensation 105,014 74,164
285,247 203,882 Deferred income taxes 78 (111 ) (620 ) (11,416 )
Excess tax benefits from employee stock plans 476 (343 ) (551 )
(995 ) Changes in operating assets and liabilities, net of
acquisitions: Accounts receivable, net (41,227 ) (25,963 ) 9,176
2,756 Prepaid expenses, other current and non-current assets (4,951
) 3,162 (8,128 ) 15,630 Accounts payable 1,265 484 1,530 384
Accrued payroll and compensation 18,447 21,039 (12,538 ) 12,341
Accrued expenses and other liabilities 19,413 3,246 32,992 (3,839 )
Deferred revenue 31,796 27,638
49,652 44,803 Net cash provided by operating
activities 45,272 36,360 99,310
78,613
Cash Flow From Investing
Activities Purchases of investments (207,255 ) - (523,783 )
(219,195 ) Maturities of investments 156,000 152,145 446,275
399,145 Acquisitions, net of cash acquired - - - (142,693 )
Purchases of property and equipment (12,969 ) (15,272 ) (27,219 )
(24,496 ) Other investment activities - -
(3,500 ) (1,500 ) Net cash provided by (used
in) investing activities (64,224 ) 136,873
(108,227 ) 11,261
Cash Flow From
Financing Activities Proceeds from the exercise of stock
options 1,752 1,960 7,355 12,696 Excess tax benefits from employee
stock plans (476 ) 343 551 995 Proceeds from employee stock
purchase plan - - 15,183 10,906 Taxes paid related to net share
settlement of equity awards (26,533 ) -
(73,355 ) - Net cash provided by (used in) financing
activities (25,257 ) 2,303 (50,266 )
24,597 Effect of exchange rate changes on cash
and cash equivalents (147 ) (45 ) 235
(95 ) Net increase (decrease) in cash and cash equivalents
(44,356 ) 175,491 (58,948 ) 114,376 Cash and cash equivalents at
beginning of period 409,949 326,200
424,541 387,315 Cash and cash
equivalents at end of period $ 365,593 $ 501,691 $
365,593 $ 501,691
SPLUNK INC.Non-GAAP financial
measures and reconciliations
To supplement Splunk’s condensed consolidated financial
statements, which are prepared and presented in accordance with
generally accepted accounting principles in the United States
(“GAAP”), Splunk provides investors with certain non-GAAP financial
measures, including non-GAAP cost of revenues, non-GAAP gross
margin, non-GAAP research and development expense, non-GAAP sales
and marketing expense, non-GAAP general and administrative expense,
non-GAAP operating income (loss), non-GAAP operating margin,
non-GAAP net income (loss) and non-GAAP net income (loss) per share
(collectively the “non-GAAP financial measures”). These non-GAAP
financial measures exclude all or a combination of the following
(as reflected in the following reconciliation tables): stock-based
compensation expense, employer payroll tax expense related to
employee stock plans, amortization of acquired intangible assets,
acquisition-related costs, adjustments related to a financing lease
obligation and the partial release of the valuation allowance due
to acquisition. The adjustments for the financing lease obligation
are to reflect the expense we would have recorded if our
build-to-suit lease arrangement had been deemed an operating lease
instead of a financing lease and is calculated as the net of actual
ground lease expense, depreciation and interest expense over
estimated straight-line rent expense. In addition, non-GAAP
financial measures include free cash flow, which represents cash
from operations less purchases of property and equipment. The
presentation of the non-GAAP financial measures is not intended to
be considered in isolation or as a substitute for, or superior to,
the financial information prepared and presented in accordance with
GAAP. Splunk uses these non-GAAP financial measures for financial
and operational decision-making purposes and as a means to evaluate
period-to-period comparisons. Splunk believes that these non-GAAP
financial measures provide useful information about Splunk’s
operating results, enhance the overall understanding of past
financial performance and future prospects and allow for greater
transparency with respect to key metrics used by management in its
financial and operational decision making. In addition, these
non-GAAP financial measures facilitate comparisons to competitors’
operating results.
Splunk excludes stock-based compensation expense because it is
non-cash in nature and excluding this expense provides meaningful
supplemental information regarding Splunk’s operational
performance. In particular, because of varying available valuation
methodologies, subjective assumptions and the variety of award
types that companies can use under FASB ASC Topic 718, Splunk
believes that providing non-GAAP financial measures that exclude
this expense allows investors the ability to make more meaningful
comparisons between Splunk’s operating results and those of other
companies. Splunk excludes employer payroll tax expense related to
employee stock plans in order for investors to see the full effect
that excluding that stock-based compensation expense had on
Splunk’s operating results. These expenses are tied to the exercise
or vesting of underlying equity awards and the price of Splunk’s
common stock at the time of vesting or exercise, which may vary
from period to period independent of the operating performance of
Splunk’s business. Splunk also excludes amortization of acquired
intangible assets, acquisition-related costs, the partial release
of the valuation allowance due to acquisition and makes adjustments
related to a financing lease obligation from its non-GAAP financial
measures because these are considered by management to be outside
of Splunk’s core operating results. Accordingly, Splunk believes
that excluding these expenses provides investors and management
with greater visibility to the underlying performance of its
business operations, facilitates comparison of its results with
other periods and may also facilitate comparison with the results
of other companies in its industry. Splunk considers free cash flow
to be a liquidity measure that provides useful information to
management and investors about the amount of cash generated by the
business that can be used for strategic opportunities, including
investing in its business, making strategic acquisitions and
strengthening its balance sheet.
There are limitations in using non-GAAP financial measures
because the non-GAAP financial measures are not prepared in
accordance with GAAP, may be different from non-GAAP financial
measures used by Splunk’s competitors and exclude expenses that may
have a material impact upon Splunk’s reported financial results.
Further, stock-based compensation expense has been and will
continue to be for the foreseeable future a significant recurring
expense in Splunk’s business and an important part of the
compensation provided to Splunk’s employees. The non-GAAP financial
measures are meant to supplement and be viewed in conjunction with
GAAP financial measures.
The following tables reconcile Splunk’s non-GAAP results to
Splunk’s GAAP results included in this press release.
SPLUNK INC.Reconciliation of GAAP to Non-GAAP
Financial Measures(In thousands, except per share
data)(Unaudited)
Reconciliation of
Cash Provided by Operating Activities to Free Cash
Flow
Three Months Ended Nine Months Ended
October 31,2016 October 31,2015
October 31,2016 October 31,2015 Net
cash provided by operating activities $ 45,272 $ 36,360 $ 99,310 $
78,613 Less purchases of property and equipment (12,969 )
(15,272 ) (27,219 ) (24,496 ) Free cash flow
(Non-GAAP) $ 32,303 $ 21,088 $ 72,091 $ 54,117
Net cash provided by (used in) investing activities $
(64,224 ) $ 136,873 $ (108,227 ) $ 11,261 Net cash
provided by (used in) financing activities $ (25,257 ) $ 2,303
$ (50,266 ) $ 24,597
Reconciliation of
GAAP to Non-GAAP Financial MeasuresThree Months Ended
October 31, 2016
GAAP
Stock-basedcompensation
Employer payrolltax on
employeestock plans
Amortization
ofacquiredintangible assets
Adjustmentsrelated
tofinancing leaseobligation
Non-GAAP
Cost of revenues $ 48,674 $ (7,610) $ (130) $ (2,814) $ 276
$ 38,396 Gross Margin 80.1% 3.1% 0.1% 1.1% (0.1)% 84.3%
Research and development 85,659 (45,355) (534) (63) 559 40,266
Sales and marketing 167,330 (38,750) (712) (110) 1,124 128,882
General and administrative 34,079 (13,299) (504) - 236 20,512
Operating income (loss) (90,953) 105,014 1,880 2,987 (2,195) 16,733
Operating margin (37.2)% 42.9% 0.8% 1.2% (0.9)% 6.8% Net
income (loss) $ (93,491) $ 105,014 $ 1,880 $ 2,987 $ (123)
(2)
$ 16,267 Net income (loss) per share(1) $ (0.69) $ 0.12 (1)
GAAP net loss per share calculated based on 134,677
weighted-average shares of common stock. Non-GAAP net income per
share calculated based on 138,401 diluted weighted-average shares
of common stock, which includes 3,724 potentially dilutive shares
related to employee stock awards. GAAP to Non-GAAP net income
(loss) per share is not reconciled due to the difference in the
number of shares used to calculate basic and diluted
weighted-average shares of common stock. (2) Includes $2.1 million
of interest expense related to the financing lease obligation.
Reconciliation of
GAAP to Non-GAAP Financial MeasuresThree Months Ended
October 31, 2015
GAAP
Stock-basedcompensation
Employer payrolltax on
employeestock plans
Amortization
ofacquiredintangible assets
Adjustmentsrelated
tofinancing leaseobligation
Non-GAAP Cost of revenues $ 30,591 $ (6,384) $
(145) $ (2,896) $ - $ 21,166 Gross Margin 82.5% 3.6% 0.1% 1.7% 0.0%
87.9% Research and development 56,186 (22,534) (510) (86) -
33,056 Sales and marketing 130,131 (33,247) (501) (164) - 96,219
General and administrative 29,857 (11,999) (283) - (222) 17,353
Operating income (loss) (72,345) 74,164 1,439 3,146 222 6,626
Operating margin (41.5)% 42.5% 0.8% 1.9% 0.1% 3.8% Net
income (loss) $ (72,974) $ 74,164 $ 1,439 $ 3,146 $ 222 $ 5,997 Net
income (loss) per share(1) $ (0.57) $ 0.05 (1) GAAP net loss
per share calculated based on 128,368 weighted-average shares of
common stock. Non-GAAP net income per share calculated based on
132,675 diluted weighted-average shares of common stock, which
includes 4,307 potentially dilutive shares related to employee
stock awards. GAAP to Non-GAAP net income (loss) per share is not
reconciled due to the difference in the number of shares used to
calculate basic and diluted weighted-average shares of common
stock.
Reconciliation of
GAAP to Non-GAAP Financial MeasuresNine Months Ended October
31, 2016
GAAP
Stock-basedcompensation
Employerpayroll tax
onemployee stockplans
Amortizationof
acquiredintangibleassets
Adjustmentsrelated
tofinancing leaseobligation
Non-GAAP Cost of revenues $ 132,790 $ (22,475) $
(600) $ (8,612) $ 561 $ 101,664 Gross Margin 79.4% 3.5% 0.1% 1.3%
(0.1)% 84.2% Research and development 220,254 (102,303)
(1,966) (193) 1,172 116,964 Sales and marketing 462,709 (118,354)
(2,529) (412) 2,373 343,787 General and administrative 100,464
(42,115) (1,333) - 513 57,529 Operating income (loss) (272,723)
285,247 6,428 9,217 (4,619) 23,550 Operating margin (42.4)% 44.4%
1.0% 1.4% (0.7)% 3.7% Net income (loss) $ (280,984) $
285,247 $ 6,428 $ 9,217
$
994
(2)
$ 20,902 Net income (loss) per share(1) $ (2.11) $ 0.15 (1)
GAAP net loss per share calculated based on 133,273
weighted-average shares of common stock. Non-GAAP net income per
share calculated based on 136,690 diluted weighted-average shares
of common stock, which includes 3,417 potentially dilutive shares
related to employee stock awards. GAAP to Non-GAAP net income
(loss) per share is not reconciled due to the difference in the
number of shares used to calculate basic and diluted
weighted-average shares of common stock. (2) Includes $5.6 million
of interest expense related to the financing lease obligation.
Reconciliation of
GAAP to Non-GAAP Financial MeasuresNine Months Ended October
31, 2015
GAAP
Stock-basedcompensation
Employerpayroll tax
onemployee stockplans
Amortizationof
acquiredintangibleassets
Acquisition-related
costsand income taxeffects
Adjustmentsrelated
tofinancing leaseobligation
Non-GAAP Cost of revenues $ 78,716 $ (18,578)
$ (806) $ (5,379) $ - $ - $ 53,953 Gross Margin 82.4% 4.2% 0.2%
1.2% 0.0% 0.0% 88.0% Research and development 149,192
(61,910) (2,145) (234) - - 84,903 Sales and marketing 343,906
(91,067) (2,562) (469) - - 249,808 General and administrative
85,489 (32,327) (1,465) - (1,993) (666) 49,038 Operating income
(loss) (208,892) 203,882 6,978 6,082 1,993 666 10,709 Operating
margin (46.6)% 45.5% 1.6% 1.4% 0.4% 0.1% 2.4% Net income
(loss) $ (199,449) $ 203,882 $ 6,978 $ 6,082 $ (8,931)
(2)
$ 666 $ 9,228 Net income (loss) per share(1) $ (1.58) $ 0.07
(1) GAAP net loss per share calculated based on 126,534
weighted-average shares of common stock. Non-GAAP net income per
share calculated based on 131,693 diluted weighted-average shares
of common stock, which includes 5,159 potentially dilutive shares
related to employee stock awards. GAAP to Non-GAAP net income
(loss) per share is not reconciled due to the difference in the
number of shares used to calculate basic and diluted
weighted-average shares of common stock. (2) Includes $10.9 million
related to the partial release of the valuation allowance due to
acquisition.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161129006213/en/
Splunk Inc.Sherry Lowe,
415-852-5529slowe@splunk.comorInvestor ContactSplunk Inc.Ken
Tinsley, 415-848-8476ktinsley@splunk.com
Splunk (NASDAQ:SPLK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Splunk (NASDAQ:SPLK)
Historical Stock Chart
From Apr 2023 to Apr 2024