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Software maker Splunk posts bigger loss as expenses mount
February 27, 2014 / 9:21 PM / 4 years ago

Software maker Splunk posts bigger loss as expenses mount

Feb 27 (Reuters) - Data analytics software maker Splunk Inc reported a bigger fourth-quarter loss as costs nearly doubled.

Splunk’s shares fell 3.6 percent after the bell on Thursday.

The company’s net loss increased to $32.6 million, or 30 cents per share, from $6.2 million, or 6 cents per share, a year earlier.

Revenue jumped 53 percent to $99.9 million in the quarter ended Jan. 31.

Operating expenses rose 88 percent to $121.2 million.

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