(Boursier.com) — Splunk released surprisingly strong results on Wall Street last night. The data analysis software group, which is the subject of an offer to acquire Cisco for 28 billion dollars, posted revenues of 1.49 billion dollars over the quarter compared to a consensus of 1.28 billion. Activity was supported by demand for cybersecurity software and cloud solutions. Total annual recurring revenue was $4.21 billion for the quarter ended January, an increase of 15% from last year. Quarterly adjusted earnings per share were $3.02 versus less than $2 consensus. Splunk also indicated that its merger with Cisco should be finalized towards the end of the current quarter or at the start of the second quarter of 2024.
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