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Splunk posts bigger quarterly loss as expenses double
May 29, 2014 / 8:12 PM / 3 years ago

Splunk posts bigger quarterly loss as expenses double

May 29 (Reuters) - Data analytics software maker Splunk Inc posted a bigger quarterly loss as expenses nearly doubled, sending its shares down 7 percent in extended trading.

The company’s net loss widened to $50.8 million, or 43 cents per share, in the quarter ended April 30 from $16.1 million, or 16 cents per share, a year earlier.

Revenue jumped 50 percent to $85.9 million.

Reporting by Sampad Patnaik in Bangalore; Editing by Sriraj Kalluvila

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