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Splunk (SPLK) - Get Splunk Inc. Report shares briefly popped in after-hours trading Wednesday after the data-analysis-software company reported earnings for its 2020 fiscal second quarter that handily beat expectations. SPLK also announced a major acquisition and raised full-year revenue guidance. 

The stock rose some 9.1% in post-market trading to $140.12 a share, although it later pulled back to $130.12 as of 5:20 p.m. ET, up 1.3% from Wednesday's close. Shares had already gained 1.37% during regular trading hours earlier on Wednesday. 

Earnings per share came in at an adjusted 30 cents, beating Wall Street estimates of 12 cents. Revenue grew 33% year-over-year to $517 million, ahead of analyst expectations of $488 million. License revenue, Splunk's largest segment, was $279.3 million, versus estimates of $250 million. 

Splunk also announced it is acquiring cloud-monitoring provider SignalFx for $1.05 billion, 60% of which is in cash and 40% in Splunk stock. 

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Management also raised fiscal year 2020 revenue guidance to $2.3 billion, higher than the previous forecast of $2.25 billion and better than analyst estimate for $2.26 billion. Management also maintained its operating margin forecast of 14% for the year.

"I am excited by our strong quarter, tremendous cloud growth and our agreement to acquire SignalFx," Splunk CEO Doug Merritt said in announcing the results. "I am particularly pleased with how quickly we are accelerating our business transformation to cloud, and the impact cloud is having on our customers." 

The stock is up 24% year-to-date. 

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