Splunk Inc. (SPLK: Quote) reported that its first-quarter net loss widened to $20.47 million or $0.71 per share, from $2.25 million or $0.12 per share in the same quarter last year. The latest quarter included a $2.7 million in non-cash, stock-based compensation expenses, and a $14.1 million non-cash, non-recurring warrant-related charge.
Non-GAAP net loss for the quarter widened to $3.71 million or $0.04 per share, from $1.26 million or $0.02 per share in last year.
Total revenues for the quarter rose to $37.19 million from $20.64 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.06 per share on revenues of $34.08 million for the quarter. Analysts' estimates typically exclude special items.
For the second-quarter, the company expects total revenue to be between $38 million and $40 million. Non-GAAP operating margin is expected to be between negative 8% and negative 9%. Analysts expect the company to report revenues of $38.48 million for the second-quarter.
Looking ahead for fiscal year ending January 31, 2013, Total revenue is expected to be between $174 million and $177 million. Non-GAAP operating margin is expected to be between negative 4% and negative 5%. Analysts expect the company to report revenues of $172.34 million for fiscal 2013.
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by RTT Staff Writer
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