Splunk Q3 Beats Views, Revenue Up 48%

Splunk Inc SPLK beat third-quarter expectations Thursday, posting revenue growth of 48 percent and offering an outlook above Wall Street views.

The company saw its shares gain 5.5 percent in the extended session recently, to $68.50 per share.

Splunk forecast fourth-quarter revenue of between $135 million and $137 million, vs. analysts' expectation of $132.26 million.

Splunk expects a fourth-quarter adjusted operating margin of 4 percent to 5 percent.

In the recent period, license revenue grew 41 percent to $71.75 million, while maintenance and service revenue grew 60 percent to $44.27 million.

The third-quarter net loss widened to $48.6 million, or $0.40, from a year-earlier net loss of $16.6 million, or $0.16. Adjusted income equaled $0.02.

Revenue grew to $116 million from $78.6 million.

Wall Street expected adjusted profit of $0.01 on revenue of $107.3 million.