#Splunk inc. full#

#Splunk inc. full#

“Based on our strong execution, we are raising our full year revenue and profitability outlook and reaffirm our operating cash flow expectation of at least $400 million.” “We had a good start to the year with total revenues accelerating 34 percent to $674 million and cloud revenue up 66 percent over last year,” said Jason Child, CFO of Splunk. “As our continued growth and strong customer retention demonstrate, we are the system-of-record for our customers and one that’s deeply embedded within their organization's security and IT operations.” “Splunk is still very early in a massive market opportunity,” Steele continued.

“In this complex and unpredictable world, Splunk has become foundational to keeping organizations secure and resilient so they can drive success and innovate at scale.” “Our first quarter execution was solid, with the team delivering strong top-line growth as the world’s largest organizations continued to place their trust in Splunk,” said Gary Steele, President and CEO of Splunk. Total revenues were $674 million, up 34% year-over-year.Ĭloud revenue was $323 million, up 66% year-over-year.Ĭloud Dollar-Based Net Retention Rate was 130%.ģ29 customers with cloud ARR greater than $1 million, up 62% year-over-year. (NASDAQ: SPLK), the data platform leader for security and observability, today announced results for its fiscal first quarter ended April 30, 2022. SAN FRANCISCO-(BUSINESS WIRE)-May 25, 2022. View source version on businesswire.Total Revenues Up 34% to $674 Million Cloud Revenue Grows 66%Ĭompany Increases Full Year Revenue and Profitability Outlook All other brand names, product names, or trademarks belong to their respective owners. in the United States and other countries. Splunk, Splunk>, and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. Organizations trust Splunk to prevent security, infrastructure and application issues from becoming major incidents, absorb shocks from digital disruptions, and accelerate digital transformation. (NASDAQ: SPLK) helps build a safer and more resilient digital world. These solutions are available in the United States immediately and are expected to be available globally next month.įor more information on today’s announcement and Splunk’s availability in the Microsoft Azure Marketplace, please visit the Splunk website. Thousands of joint global customers will be able to purchase Splunk Enterprise, Splunk Enterprise Security (ES) and Splunk IT Service Intelligence (ITSI) through the Microsoft Azure Marketplace. Splunk customers that are leveraging Microsoft Azure as a cloud platform of choice can now deploy Splunk as part of their cloud strategy. “With Splunk’s differentiated offering built on Azure and Azure AI, we can continue to empower our mutual customers’ transformation journeys while helping them build a foundation for future innovation and growth.” “Embracing digital technologies is critical to creating resilient and secure businesses,” said Judson Althoff, executive vice president and chief commercial officer, Microsoft. Splunk empowers organizations with visibility into all digital systems, surfaces key risks and detects potential issues to enable teams or automation to respond before they become significant incidents. This approach will enable joint customers to innovate with confidence and migrate, modernize and grow environments with end-to-end cloud and hybrid visibility at scale. Within this agreement, Microsoft will collaborate with Splunk to develop a differentiated product offering by leveraging Microsoft Azure for Splunk’s cloud products. We are pleased to offer organizations flexible deployment options as part of our truly hybrid approach.” “Splunk delivers mission-critical solutions to meet customers where they are, and we are dedicated to bringing together the best-in-class security, observability and platform solutions, all powered by Splunk AI. “Splunk and Microsoft’s strategic partnership will provide our joint customers and partners with advanced digital resilience to help them remain secure and up and running at every step of their cloud journey,” said Gary Steele, President and CEO of Splunk. Additionally, for the first time, Splunk solutions will be available for purchase on the Microsoft Azure Marketplace. are partnering to build Splunk’s enterprise security and observability offerings on Microsoft Azure. Splunk Offerings Now Available for Purchase on Microsoft Azure Marketplace

Leaders Collaborate to Build Splunk Cloud Solutions Natively on Microsoft Azure