Splunk Raises Guidance as Sales Jump 46%

Big-data software company Splunk Inc. on Thursday gave an upbeat guidance for the current quarter and raised its revenue forecast for the year, as revenue jumped 46% in the July quarter.

Shares jumped 4.2% in recent after-hours trading.

For the current quarter, the company expects revenue between $158 million and $160 million, above analyst estimates of $155 million.

For the year, the company raised its revenue guidance to the range of $628 million to $632 million, from $610 million to $614 million.

While Splunk's revenue and customer base have been growing rapidly, the company has in the past struggled to post a profit.

Earlier this year, Splunk hired Snehal Antani as chief technology officer. Mr. Antani was previously with GE Capital. He replaced Todd Papaioannou, who left in November.

Over all, in the most recent quarter, Splunk reported a loss of $55.3 million, or 44 cents a share, compared with a year-earlier loss of $60.8 million, or 51 cents a share.

Excluding stock-based compensation and other items, the company reported a profit of 3 cents a share.

Revenue jumped to $148 million from $102 million a year ago.

Analysts surveyed by Thomson Reuters expected earnings of 2 cents a share and revenue of $140 million.

Write to Angela Chen at [e-mail]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

August 27, 2015 17:45 ET (21:45 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.