![]() Patent and Trademark Office issued Splunk’s 1000th patent, a remarkable milestone and testament to the organization’s commitment to its customers to deliver powerful and leading-edge technology. Splunk’s 1000th Patent Awarded: The U.S.Splunk Recognized as Application Performance Monitoring Leader and Fast Mover: Industry analyst firm, GigaOm, recognized Splunk as a Leader and one of only two Fast Movers within its inaugural GigaOm Radar for Application Performance Monitoring (APM) Report, 2021.*.In addition, Splunk announced today that Shawn Bice, President of Products & Technology, will be stepping down as of June 16, 2022. In March 2022, Splunk appointed Gary Steele Chief Executive Officer and a member of the Board of Directors, effective April 11, 2022. “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)– Splunk Inc. Company Increases Full Year Revenue and Profitability Outlook
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