Total ARR is expected to be between $2.8 billion and $2.825 billion. The company is providing the following guidance for its fiscal third quarter 2022 (ending October 31, 2021):Ĭloud ARR is expected to be between $1.10 billion and $1.11 billion. As well, security strategy evolution is necessary to address the increasing complexity of hybrid, multicloud infrastructures as supply chain attacks and remote work continues. Splunk Delivers State of Observability and Security Reports: Global research reveals that IT leaders’ early investments in observability lead to improvements in performance, customer experience and bottom line.Splunk Expands Executive Bench and Technical Leadership: Splunk welcomed Shawn Bice as president of Products and Technology and appointed executives to the positions of Chief Cloud Officer, Chief Marketing Officer, and Chief Product Officer.Splunk Ranks First in Both IT and Security Market Share Reports By Gartner, Inc.: Splunk leads IT Operations Management (ITOM) Performance Analysis and Security Information and Event Management (SIEM) market share rankings for the second and third consecutive year in 2020 reports.*. ![]() Kenneth Hao, Chairman and Managing Partner of Silver Lake, was also appointed to Splunk’s Board of Directors. Silver Lake Investment: Silver Lake Partners, a global leader in technology investing, made a $1 billion investment in Splunk senior notes to support the continued transformation of Splunk’s business and management of the company’s capital structure, including Splunk’s $1 billion share buyback program.In addition, Splunk completed the acquisition of TruSTAR, a cloud-native security company offering a data-centric intelligence platform. New Cloud-based Platforms Help Customers Maximize the Value from their Data: Splunk launched the Splunk Observability Cloud, Splunk IT Cloud, and Splunk Security Cloud to help organizations safely conquer complexity and fast-track cloud transformation.New and Expansion Customers Include: Arlo, Chartis Group LLC, Fujitsu, Hiscox Underwriting Group Services Limited, Intel Corporation, N-able Technologies, Inc., Norwegian Labour and Welfare Administration (NAV), and Rover Group, Inc. We expect $1.3 billion of Cloud ARR and Total ARR of well over $3 billion by fiscal year end as we help our customers accelerate their digital transformations.” “We outperformed in the first half of the year and are well-positioned heading into the second half. “We delivered another quarter of high growth with Total ARR of $2.63 billion dollars, up 37% year-over-year,” said Jason Child, Chief Financial Officer, Splunk. Our second quarter execution was broad-based with each of our major geographic regions exceeding our own expectations as more and more customers around the world rely on Splunk and our market-leading data platform and cloud-based capabilities.” “We doubled the number of customers with Cloud ARR of $1 million dollars or more as workloads and data continue to shift to cloud. “Our team delivered another strong quarter, validating the high strategic value we deliver to the world’s largest and most dynamic organizations,” said Doug Merritt, President and CEO of Splunk. Total revenues were $606 million, up 23% year-over-year.Ģ34 customers with Cloud ARR greater than $1 million, up 100% year-over-year.ĥ82 customers with Total ARR greater than $1 million, up 47% year-over-year. Total ARR was $2.63 billion, up 37% year-over-year.Ĭloud revenue was $217 million, up 73% year-over-year. ![]() (NASDAQ: SPLK), provider of the Data-to-Everything Platform, today announced results for its fiscal second quarter ended July 31, 2021.Ĭloud ARR was $976 million, up 72% year-over-year. SAN FRANCISCO-( BUSINESS WIRE)- Splunk Inc.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |