Shares Of Splunk Tumble Despite Q1 Beat, Solid Q2, FY Guidance

Splunk Inc.'s SPLK first-quarter net loss widened to $50.8 million, or $0.43 per share, from a year-earlier loss of $16.1 million, or $0.16 per share. The operational intelligence software company's adjusted loss narrowed to $0.04 per share, compared with a year-earlier adjusted loss of $0.06 per share. Wall Street expected a per-share loss of $0.06. Revenue grew 50 percent to $85.9 million, above the company's forecast for $78 million to $80 million. License revenue rose 42 percent to $51.3 million. The company forecast second-quarter revenue of $92 million to $94 million and an adjusted operating margin of negative two percent to negative four percent. For the full year 2014, Splunk boosted its revenue forecast from around $400 million to between $402 million and $410 million. In the recent period, operating expenses grew to $121.8 million, from $66 million a year earlier. Shares of Splunk are trading down nearly nine percent to around $45.60 in Thursday's post-market session.