Jim Cramer: Software Companies to Buy That Aren't Splunk

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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.

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