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Strategies & Market Trends : The New Economy and its Winners

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From: Bill Harmond

11/29/2016 6:23:06 PM

of 57684

16:05

SPLK Splunk beats by $0.04, beats on revs; guides Q4 revs above consensus (57.38 -0.04)

Reports Q3 (Oct) earnings of $0.12 per share, $0.04 better than the Capital IQ Consensus of $0.08; revenues rose 40.3% year/year to $244.79 mln vs the $230.27 mln Capital IQ Consensus.License revenues were $140 million, up 34% year-over-year.Signed nearly 500 new enterprise customers (Q3 was 500)Co issues upside guidance for Q4, sees Q4 revs of $286-288 mln vs. $285.04 mln Capital IQ Consensus Estimate.Non-GAAP operating margin is expected to be between 8% and 9%

16:55

SPLK Splunk on Conference Call; shares of SPLK are trading higher by approx 4% in after hours (57.38 -0.04)

IT and Security- Traction remains extremely strong.Cloud business continues to grow and has tripled from the prior year.Saw healthy growth in large transactions; 6-figure deals up 30% y/y, 7-figure up 40% y/y.In a 'tornado' market with tremendous opportunity.Q3 weighted duration was 2.25 years, similar to Q2.Q3 Gross Margin was 84%, in line with street expectations.International revenue were approximately 22% of the total in line with previous levels; Expect overall international revenue as a percent of the total to continue to be in the 20-25% rang and eventually increasing to 30-35% over the next three years.Cloud transactions the ratable mix for all Q3 software bookings was 41% similar to last year.Cloud offering will reduce total gross margin by 4% to 6% this year and next.

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