Investing.com -- Splunk reported Tuesday fourth-quarter results that topped Wall Street estimates as rising cloud adoption in the wake of the artificial-intelligence boom continued to underpin cybersecurity demand.
Splunk Inc (NASDAQ:SPLK) was flat in afterhours trading following the report.
For the three months ended Jan. 31, the company reported EPS of $2.28 on revenue of $1.49 billion, topping estimates of $1.98 on revenue of $1.29B.
Annual recurring revenue rose 15% to $4.21B, with cloud revenue growing 22% to $503M in Q4 year-over-year.
The company didn't offer guidance amid its pending $28B merger with Cisco (NASDAQ:CSCO), with the transaction now expected to close in late Q1 or early Q2 of calendar year 2024.