Splunk Inc (NASDAQ:SPLK) shares were on the uptick, after the company reported fourth quarter results that beat market expectations on all levels.
In the fourth quarter, the company recorded a loss of US$25mln or 18 US cents a share, a narrower loss to the US$74mln or 54 US cents recorded the preceding year.
READ: Splunk rallies as new customers drive second quarter earnings
Adjusted for one-time items, Splunk earned 37 US cents a share, versus an adjusted loss of 1 US cent a year ago.
Revenue rose 37% to US$419.7mln, sharply higher from the US$306mln recorded year-on-year.
Analysts had expected an adjusted earnings of 33 US cents a share on sales of US$391mln.
The NASDAQ-listed company is guiding first-quarter 2019 revenue to come in between US$295mln and US$297mln, which is in line with market expectations.
Doug Merritt, the company's president and CEO described Splunk's opportunity as massive, adding: "We reached the milestone of more than $1.2 billion in revenue by keeping a relentless focus on customer success."
In premarket trade, its shares were up 4.62% at US$97.97.