conf20, Splunk’s Observability Suite combines the power of Splunk’s Data-to-Everything Platform with acquired technologies including SignalFx, Ominition, Streamlio, Plumbr, Rigor and Flowmill. Splunk Launches the World’s Most Comprehensive Observability Suite: Announced at. Across 2020, Splunk’s cloud business represented nearly half of the company’s software bookings, enabling organizations to migrate workloads and applications to the cloud, manage colossal spikes in data volume or increase visibility into cloud security risks. Splunk Customers Go All-In On Cloud: Parallel to Splunk’s significant Cloud products transformation, businesses using Splunk around the world are embracing Splunk Cloud to modernize their data strategies and embrace The Data Age.New updates to Splunk Mission Control helps security teams unify and modernize security operations in the cloud while the latest version of Splunk IT Service Intelligence gives teams end-to-end visibility, operational efficiency and business intelligence so organizations can predict incidents before they impact customers. Splunk’s Industry-Leading IT & Security Platforms Accelerate the Cloud Journey: Splunk announced a series of cloud-centric updates to its market-shaping IT and Security offerings, Splunk IT Service Intelligence (ITSI) and Splunk Enterprise Security.With updates to Splunk Data Stream Processor, Splunk Connected Experiences and Splunk’s Machine Learning Environment (SMLE), organizations around the world can improve the speed, scale and flexibility of Splunk, with new search and mobile capabilities that enable faster cloud transformation. Splunk’s Data-to-Everything Platform Helps Customers Thrive in the Data Age: New enhancements to Splunk Cloud and Splunk Enterprise power Splunk’s Data-to-Everything Platform, allowing customers to bring data to every decision, question and action across IT, Security and Observability.New and Expansion Customers Include: California Pizza Kitchen, Cornerstone OnDemand, Europcar (France), Ghana International Bank, Lockheed Martin Space, Nationwide Building Society ( United Kingdom), NATO Communications and Information Agency ( Belgium), The New York City Fire Department (FDNY), Nvidia, Okta, Shopify, Strava, Tesco ( United Kingdom), Tide, United States Census Bureau “As organizations continue to reinvent towards the cloud, I’m confident that our ability to support them across IT, Security and Developer operations positions Splunk for long-term success.”įiscal Year 2021 & Recent Business Highlights: “With Total ARR growing 41% year-over-year and $810M of Cloud ARR accelerating to 83% growth, we are extremely proud of the team’s execution and the company’s business fundamentals, both of which remain strong,” said Jason Child, chief financial officer, Splunk. At our size, Splunk is one of the fastest growing companies in the history of enterprise software.” “We now have more than 500 customers investing over $1 million annually in our platform and solutions. “The market’s demand for data-driven solutions that enable digital and cloud transformation has never been higher,” Merritt continued. “I’ve been incredibly proud of our progress through our transformation, and this quarter’s performance is no exception.” “Just three years ago, we set out to radically transform Splunk to better help our customers put data at the heart of their own organizations and strategy,” said Doug Merritt, President and CEO, Splunk. Operating cash flow was negative $191 million with free cash flow of negative $228 million. GAAP loss per share was $5.68 non-GAAP loss per share was $0.55. Non-GAAP operating loss was $85 million non-GAAP operating margin was negative 3.8%. GAAP operating loss was $780 million GAAP operating margin was negative 35%. Total revenues were $2.23 billion, down 5% year-over-year. Total revenues were $745 million, down 6% year-over-year.ĥ10 customers with ARR greater than $1 million, up 44% year-over-year.Ĭloud revenue was $554 million, up 77% year-over-year. Total ARR was $2.36 billion, up 41% year-over-year.Ĭloud revenue was $171 million, up 72% year-over-year. (NASDAQ: SPLK), provider of the Data-to-Everything Platform, today announced results for its fiscal fourth quarter and full year ended January 31, 2021.Ĭloud ARR was $810 million, up 83% year-over-year. Cloud ARR Growth Accelerates to 83% Total ARR up 41%
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