The big data specialist brought in revenue of $44.5 million, a 71% hike from the same period last year and comfortably above the average analysts' forecast of $39.8 million. Excluding items, Splunk registered a loss of a penny a share, better than the consensus estimate for a loss of 4 cents a share.
Splunk, which went public earlier this year, also offered robust guidance, projecting third-quarter revenue between $45 million and $47 million. Analysts surveyed by Thomson Reuters are currently looking for revenue of $44.66 million.
The San Francisco-based company also hiked its full-year revenue guidance to between $183 million and $186 million, compared to a prior range of $174 million to $177 million. Splunk now expects its non-GAAP operating margin to be between negative 2% and negative 3% compared to its prior estimate of negative 4% to negative 5%.Splunk shares climbed 14.72% to $34.99 before market open on Friday. OmniVision (OVTI) was another big gainer, rising 10.87%, to $17.64 after the digital imaging specialist reported strong first-quarter results and gave robust guidance. The Santa Clara, Calif.-based firm, a key Apple (AAPL) partner, expects non-GAAP earnings of 21 cents to 37 cents a share for its fiscal second quarter on revenue of $355 million to $390 million. Analysts surveyed by Thomson Reuters are looking for earnings of 32 cents a share on revenue of $288.42 million. Shares of Apple, which is reportedly in talks to settle its patent dispute with Google (GOOG), rose 0.59% to $667.8. Google's shares were up 0.9% at $687.82. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: firstname.lastname@example.org. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV