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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.

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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. 

Splunk is one of the companies Jim Cramer and the Action Alerts Plus team are keeping an eye on. To find out more about why Jim Cramer and his team are thinking about the stock, or to be alerted if they add it to the portfolio, please click here.

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