Here's What Key Metrics Tell Us About Splunk (SPLK) Q4 Earnings

Core Insights - Splunk reported revenue of $1.49 billion for the quarter ended January 2024, reflecting an 18.8% increase year-over-year [1] - The company's EPS was $3.08, up from $2.04 in the same quarter last year, indicating strong earnings growth [1] - Revenue exceeded the Zacks Consensus Estimate of $1.26 billion by 17.96%, and EPS surpassed the consensus estimate of $1.87 by 64.71% [1] Financial Metrics - Total Annual Recurring Revenue (ARR) reached $4.21 billion, slightly above the estimated $4.17 billion [2] - Cloud ARR was reported at $2.19 billion, slightly below the average estimate of $2.21 billion [2] - License revenues were $810.13 million, significantly higher than the estimated $586.92 million, marking a year-over-year increase of 20.9% [2] - Maintenance and services revenues totaled $172.64 million, exceeding the estimate of $163.87 million, with a year-over-year change of 3.3% [2] - Cloud services revenues were $503.38 million, close to the estimate of $503.83 million, showing a year-over-year increase of 21.6% [2] Stock Performance - Splunk shares have returned 1.2% over the past month, compared to a 3.8% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]