(Adds details, forecast, shares)
Feb 25 (Reuters) - Data analytics software maker Splunk Inc forecast full-year revenue far ahead of analysts’ estimates, sending the company’s shares up 11 percent in after-market trading.
The company’s strong forecast is in contrast to rival Tableau Software Inc’s dismal sales guidance for the full year earlier this month, which helped spark a selloff in technology stocks.
Splunk, whose customers include Tesco Plc and the U.S. Department of State, forecast revenue of about $880 million for the year ending January 2017, well above the average analyst estimate of $650.8 million.
Revenue rose 49.2 percent to $220 million in the fourth quarter ended Jan. 31.
The company’s net loss widened to $79.3 million, or 61 cents per share, from $57 million, or 47 cents per share, a year earlier.
Excluding items, the company earned 11 cents per share.
Analysts on average had expected a profit of 8 cents per share and revenue of $203 million, according to Thomson Reuters I/B/E/S.
Splunk said it added 600 business customers in the fourth quarter, taking its total customer count to 11,000.
Reporting by Alan John Koshy in Bengaluru; Editing by Maju Samuel and Sriraj kalluvila