Jim Cramer: Software Companies to Buy That Aren't Splunk
Splunk (SPLK) - Get Reportposted earnings on Wednesday, Dec. 2.
For the quarter ended Oct. 31, Splunk’s loss widened to $1.26 a share from 38 cents a share in the year-earlier quarter. On an adjusted basis, Splunk posted a loss of 7 cents a share.
A survey of analysts by FactSet produced consensus estimates for a GAAP loss of $1.02 a share, or adjusted earnings of 9 cents a share, on revenue of $613 million.
In what he called a challenging environment, Splunk CFO Jason Child said his company “exceeded our cash-flow target significantly and we ended with cloud annual recurring revenue [ARR] up 71% year-over-year--among the highest growth rates in the industry.”
Jim Cramer weighs in on the earnings.
WATCH: Everything Jim Cramer Is Watching in Markets Thursday
