Splunk Smashes Estimates and Makes a Big Acquisition
Splunk (NASDAQ: SPLK) announced fiscal second-quarter 2020 results on Wednesday after the market closed. If absolutely trouncing expectations, showing fast progress in its transition to a renewable software model, and raising guidance for the third time this year weren't enough, the operational intelligence platform specialist also unveiled a 10-figure acquisition that should extend its industry leadership that much more.
Let's dive in for a better idea of how Splunk finished the first half, as well as what we should be watching in the coming quarters.
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Source Fool.com
