Splunk Inc.  (Nasdaq: SPLK), a leading provider of data analytics and monitoring solutions, has released its financial results for the fiscal first quarter of 2024. The company reported non-GAAP earnings per share (EPS) of $0.18, significantly better than the consensus estimate of a loss of $0.13 per share. Splunk also showcased impressive growth in key areas. During the period, the company achieved a remarkable 16% increase in Annual Recurring Revenue (ARR) and more than tripled its operating and free cash flow year-over-year.

In light of its strong performance, Splunk has raised its outlook for the full fiscal year 2024. The non-GAAP operating margin is now expected to be between 18% and 18.5%, up from the previous range of 16.5% to 17.5%. Additionally, the company has revised its free cash flow projection to a range of $805 million to $825 million, compared to the previous estimate of $775 million to $795 million.

Following the earnings announcement, Splunk's stock price experienced a significant increase in after-hours trading, with $SPLK trading at $103.80, reflecting a gain of $7.11 or 7.35%.

Digital Turbine, Inc. (Nasdaq: APPS), a mobile app advertising platform, has reported its financial results for the fourth quarter of fiscal 2023. The company's non-GAAP earnings per share (EPS) stood at $0.14, below the consensus estimate of $0.18. This outcome has resulted in a decline in Digital Turbine's stock price during after-hours trading, with $APPS trading at $10.52, marking a decrease of $3.91 or 27.10%.

ePlus inc. (Nasdaq: PLUS), a leading provider of technology and consulting services, has released its financial results for the fourth quarter of fiscal 2023, surpassing consensus expectations. The company reported an adjusted EPS of $1.36, exceeding the consensus estimate of $1.06. This positive news has led to a rise in ePlus' stock price during after-hours trading, with $PLUS trading at $47.50, reflecting an increase of $1.16 or 2.50%.

LiveRamp Holdings, Inc. (NYSE: RAMP), a leading data connectivity and customer identity platform, has announced its financial results for the fourth quarter of fiscal 2023. The company reported an adjusted EPS of $0.32, surpassing the consensus estimate of $0.18. As a result, LiveRamp's stock price witnessed an increase in after-hours trading, with $RAMP trading at $27.08, reflecting a gain of $0.30 or 1.12%.

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