Splunk (SPLK) Beats Q4 Earnings Estimates on Solid Revenues

Splunk Inc. (SPLK) reported solid fourth-quarter fiscal 2024 results, with the bottom and the top lines beating the respective Zack Consensus Estimate. The company’s focus on improving operational efficiency supported the bottom line. Splunk is witnessing healthy traction in the cloud business, which accounted for the bulk of total annual recurring revenues (ARR).The company reported higher revenues year over year, driven by rising customer engagements, continuous innovation and a robust product portfolio.N ...