Splunk Inc (NASDAQ:SPLK) zipped higher in pre-market trade on Friday after the big data analytics specialist beat expectations with its second quarter performance.
The better-than-forecast numbers came after a tricky opening few months for Splunk in the first quarter of 2017.
The NASDAQ-listed company signed up over 500 new customers during in the second quarter, including the Department of Homeland Security and Harvard Business School.
That helped revenues to climb 32% year-on-year to US$280mln in the three months ended 30 June, comfortably ahead of the US$268.8mln Wall Street analysts had forecast.
It also means adjusted earnings came in at 8 cents per share, better than analyst estimates of 6 cents per share.
Looking ahead, Splunk lifted its full-year revenues outlook to between US$1.21bn and US$1.215bn, up from previous guidance of US$1.195bn.
As for the current third quarter, analysts are looking earnings of 15 cents a share on revenues of US$306.7mln, slightly behind the US$307 to US$309mln in revenues that Splunk is hoping for.
Splunk shares gained 10.7% to US$66.71 in pre-market trade on Friday.