Splunk (NASDAQ:) shares gained more than 7% after-hours following the company’s reported , with EPS of $0.18 coming in better than the consensus estimate of ($0.14).
Revenue was $752 million, beating the consensus estimate of $722.99M. Cloud revenue increased 30% year-over-year to $419M. Total ARR was $3.725 billion, representing a 16% year-over-year growth.
For Q2/24, the company expects revenue in the range of $880-$895M, better than the consensus of $868M. Total ARR is expected to be approximately $3.825B.
For the full year, the company anticipates revenue of $3.9B, at the top-end of its prior range of $3.85-$3.9B. Total ARR is expected in the range of $4.125-$4.175B.