Splunk Inc. (SPLK) reported better-than-expected revenue for the fiscal first quarter and raised its full-year revenue guidance after the bell Thursday,
The cloud computing software provider reported revenue of $425 million for the quarter ended April 30, vs. $312 million a year earlier.
The company posted an operating loss of $145 million, or $1.04 a share, vs. $121 million, or 83 cents a share, in the year ago period using generally accepted accounting procedures.
On a non-GAAP basis the company said its operating loss was $7.8 million but that income per share was 2 cents.
Analysts surveyed by FactSet were expecting a loss of $1.01 a share on a GAAP basis, and 14 cents a share on a non-GAAP basis.
Splunk raised its full-year revenue guidance to $2.25 billion from $2.20 billion.
For the fiscal second quarter, the company said it expects revenue of $485 million.
Shares of Splunk fell $2.73 to $126 in after-hours trading. The stock closed the regular session down $7.39 at $128, leading declines in the cloud computing sector amid a broad selloff blamed on rising trade tensions between the U.S. and China.
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