Splunk Inc. (SPLK) posted first-quarter net loss of $16.1 million, or $0.16 per share, narrower than $20.5 million or $0.71 per share in year-ago period.
Excluding items, non-GAAP net loss for the quarter widened to $5.7 million or $0.06 per share from $3.7 million or $0.04 per share in the comparable quarter last year. On average, 18 analysts polled by Thomson Reuters expected the company to lose $0.06 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter rose 54 percent to $57.21 million from $37.19 million last year, while seventeen analysts had a consensus revenue estimate of $54.03 million for the quarter.
Looking forward to the second quarter, the company expects total revenues to be between $61 million and $63 million. Analysts currently expect second quarter revenues of $61.65 million.
For fiscal 2014, the company is updating its previous guidance and expects revenue to be between $266 million and $274 million. Previously, the company expected revenue to be between $260 million and $270 million.
Analysts currently expect revenues of $270.61 million for the fiscal year 2014.
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