Data analytics software maker Splunk's revenue jumps 49 percent

Reuters News
Posted: Feb 25, 2016 4:29 PM

(Reuters) - Data analytics software maker Splunk Inc reported a 49 percent rise in quarterly revenue as businesses increasingly turn to data analytics to secure their networks from a surge in highly sophisticated cyber attacks.

The company's net loss rose to $79.3 million, or 61 cents per share, in the fourth quarter ended Jan. 31, from $57 million, or 47 cents per share, a year earlier.

Revenue rose to $220 million from $147.4 million.

Splunk said it added more than 600 enterprise customers in the quarter.

(Reporting by Alan John Koshy in Bengaluru; Editing by Maju Samuel)