Shares of Splunk (NASDAQ: SPLK) dropped on Thursday after the data analytics software provider reported mixed fourth-quarter results. Splunk's bottom line came up a bit short, and its guidance was well below analyst expectations. The stock was down about 9.4% at 3:40 p.m. EST.
Splunk reported fourth-quarter revenue of $791 million, up 27% year over year and about $7.7 million higher than the average analyst estimate. Software revenue jumped 33% to $617 million. In fiscal 2020, Splunk's annualized recurring revenue grew by 54%.
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Source Fool.com