![]() These forward-looking statements are being made as of today, and we disclaim any obligation to update or revise these statements. Please refer to documents we file with the SEC, including the Form 8-K filed with today's press release those documents contain risks and other factors that may cause our actual results to differ from those contained in our forward-looking statements. These statements are based on our assumptions as to the macroeconomic environment in which we will be operating and reflect our best judgment based on factors currently known to us and actual events or results may differ materially. On today's call, we will be making forward-looking statements, including financial guidance and expectations, such as our forecast for our third quarter and our fiscal year 2022 as well as future expectations of revenue mix, renewals, duration, RPO growth, cloud growth, bookings, gross margin and operating cash flow, as well as trends in our markets and our business and our expectations regarding our acquisitions, products, technology, strategy, customers, demand and markets. And following the call, an audio replay will be available on the website. This conference call is being broadcast live via webcast. With me on the call today are Doug Merritt and Jason Child.Īfter market closed today, we issued a press release which is posted on our Investor Relations website along with supplemental material. I would now like to hand the conference over to your speaker today, Ken Tinsley. Please be advised that today's conference is being recorded. After the speaker presentation, there will be a question-and-answer session. At this time, all participants are in a listen-only mode. Second Quarter 2022 Financial Results Conference Call. ( NASDAQ: SPLK) Q2 2022 Earnings Conference Call Aug4:30 PM ETīrad Sills - Bank of America Merrill Lynch Should not be relied upon for purposes of transacting securities or other investments. All information should be independently verified and I have no business relationship with anyĬompany whose stock is mentioned in this article. I wrote this article myself, and it expresses my own opinions. Zacks, a popular stock research company, ranks the stock at 3, which means hold.ĭisclaimer: I have no positions in any of the stocks mentioned. ![]() Despite beating the S&P 500 index and software industry by a good margin in terms of stock returns, caveats like high debt ratio and losses exist for the company. The company has been innovating its products and has grown its clients across different countries. Revenue, encouragingly, will show an excellent 20% annual growth in the next few years. While being a market leader in 2019 in the ITOM market, the company is not yet profitable and is likely to remain unprofitable until the next two to three years. Also, the insiders of the company have been selling a significant number of shares over the past few months. Moreover, the company has a dangerously high debt-to-equity ratio of 96%. While continuously registering growth in its revenue, the company is not expected to turn profitable until 2024, at least. For the full year, analysts are predicting $2.44 billion revenue and a loss of $0.34 per share, which represents a 118% reduction in EPS and a 3.3% increase in revenue from the previous year. Moreover, analysts estimate that its revenue will grow at 20% per year. On the other hand, the quarterly revenue of the company will rise 0.9% to $521 million compared with the same quarter last year, as per analysts’ forecast. to register a quarterly loss of $0.32 per share, which translates to a hefty -206% change against the same quarter last year. In the last 12 months, however, the stock has gained about 56%.Īnalysts expect Splunk Inc. Starting the year at $151.98, its stock has gained roughly 32% YTD, closing on August 20, 2020, at $200.17. The company has more than 15,000 clients across 110 countries. Analysts expect the company to maintain its market leadership position in 2020 as well. ITOM's total market was worth $11.5 billion in 2019. ![]() The company leads the Information Technology Operations Management (ITOM) software market with a 13% market share, followed by Microsoft, IBM & Cisco with 9.7%, 8.4%, and 5.5% market shares, respectively. registered a splendid 32.3% year-over-year growth, with revenue of $1,496 billion, as per report from market intelligence firm, International Data Corporation (IDC). The company produces software, enabling its users to make informed decisions based on the reports generated by the software using machine-generated data. (NASDAQ: SPLK) is scheduled to announce its earnings report for the second quarter ended July 31, 2020, on August 26, 2020, after market close. ![]()
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