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Exam Code: SPLK-2002 Practice test 2022 by Killexams.com team
SPLK-2002 Splunk Enterprise Certified Architect

A Splunk Enterprise Certified Architect has a thorough understanding of Splunk Deployment Methodology and best-practices for planning, data collection, and sizing for a distributed deployment and is able to manage and troubleshoot a standard distributed deployment with indexer and search head clustering. This certification demonstrates an individual's ability to deploy, manage, and troubleshoot complex Splunk Enterprise environments.

The prerequisite courses listed below through Data and System Administration are highly recommended, but not required for candidates to register for the certification exam.

All candidates who wish to access the test must be Splunk Enterprise Certified Admin and complete the Architecting Splunk Enterprise Deployments, Troubleshooting Splunk Enterprise, Cluster Administration, and Splunk Enterprise Deployment Practical Lab courses.

Splunk Enterprise Certified Architect
Splunk Enterprise study help
Killexams : Splunk Enterprise study help - BingNews https://killexams.com/pass4sure/exam-detail/SPLK-2002 Search results Killexams : Splunk Enterprise study help - BingNews https://killexams.com/pass4sure/exam-detail/SPLK-2002 https://killexams.com/exam_list/Splunk Killexams : Splunk: Super Earnings With Huge Cloud Growth
Cloud Computing, Data Center, Server Rack, Connection In Neural Network, Technology

Just_Super

Splunk (NASDAQ:SPLK) is a leader in IT Oberservability for hybrid cloud environments. The company is poised to benefit from secular growth trends across Big Data, Hybrid Cloud, Cybersecurity and more. The Big Data industry alone was valued at $163 billion in 2021 and is forecasted to grow at a rapid 11% compounded annual growth rate to $273.3 billion by 2026. With many connected devices and "exabytes" of data being produced, analyzing it all is necessary and that's where Splunk's platform helps. The company produced strong financial results for the third quarter of fiscal year 2023, as it beat both revenue and earnings growth estimates. In this post I'm going to break down these financial results in granular detail, let's dive in.

Chart
Data by YCharts

Strong Third Quarter Financials

Splunk reported strong financial results for the third quarter of fiscal year 2023. Revenue was $930 million which increased by a rapid 40% year over year and beat analyst expectations by $83 million.

This revenue growth was driven by strong term license demand from existing customers, which resulted in account expansion to Splunk's larger platform, which I will discuss next.

Revenue

Revenue (Q3, FY23 report)

Cybersecurity Expansion

Splunk is a Gartner Magic Quadrant leader in Security Information and Event Management (SIEM) category. The platform is basically used to monitor, analyze and search through data produced by IT systems. Data is often produced in silos across public cloud providers, on-premises data centers, and Internet of Things [IoT] devices. Splunk's mission is to turn this "data into doing", via two main functions "Observability" with its dashboards and "Security". Splunk was ranked number one in IDC market share rating for IT operation and analytics software. The company has also expanded the security product of the business which now includes the ability to use machine learning to track the "security posture" of cybersecurity companies and help to stop threats.

Splunk Platform

Splunk Platform (Splunk)

Over the past couple of years, Splunk has gradually transformed its business model from a premium "ingest base" pricing model to a workload-based, pay-as-you-use model. In the legacy model, all data was charged at the same rate, and thus even low-value data can cost a business customer lots of money. However, in a workload-based model, the pricing is tailored to specific use cases. I believe this is a positive change as tailored consumption-based models are popular with customers and rapidly growing technology providers such as Amazon (AMZN) Web Services [AWS]. In related news, Splunk has also announced a five-year extension of its collaboration agreement with the world's largest cloud infrastructure provider AWS.

Financials Continued

Back to the Financials, Splunk reported Cloud Annual Recurring Revenue [ARR] of $3.5 billion at a rapid 69% compounded annual growth rate. Splunk has positioned itself as a key partner for companies such as the Nasdaq which are transforming to the cloud. The beauty of Splunk's platform is it secures companies that operate with a hybrid cloud model extremely well. This is great news given one study indicates that 96% of enterprises are pursuing a hybrid cloud model for digital transformation.

Cloud ARR

Cloud ARR (Q3,FY23 report)

The company has also continued to grow "upmarket" as it increased its Customers with ARR over $1 million by 19% YoY to 754. A notable win was a 3-year multimillion-dollar contract with a department of the U.S federal government, related to national defense. Splunk's Annual Government Summit each year in Washington D.C as the business focuses on drumming up new government customers.

In the third quarter, Splunk also signed a multimillion-dollar renewal and expansion agreement with a major telecommunications company based in Japan. In addition, the company expanded its account with a top Fortune 100 retailer.

Customers with ARR over $1 million

Customers with ARR over $1 million (Q3,FY23 report)

Splunk has a super high dollar-based net retention rate of 127% which means its customers are finding the platform "sticky" and spending more.

Retention Rate

Retention Rate (Q3,FY23 report)

The company also reported solid free cash flow of $287 million in the trailing 12 months, up substantially from the negative $57 million reported in the prior year.

Free cash flow

Free cash flow (Q3,FY23)

This free cash flow was driven by strong revenue growth and expense reductions. In Q3, FY23 Splunk reported a super high Gross margin of 82% which has increased from 76.6% in the prior year. This was driven by ongoing efficiency improvements with its cloud infrastructure partners such as AWS.

The business also reported a solid Non-GAAP operating margin of 21% which has increased substantially from the negative 10% reported in the prior year. Non-GAAP EPS was $0.83 which beat analyst estimates by $0.58. So far the business has reported a $30 million sequential decrease in total Operating expenses and a year-over-year decrease of 2%. This was driven by a reduction in customer-facing travel, hiring efficiency improvements, and office space consolidation.

Operating Margin

Operating Margin (Q3,FY23)

Splunk has a robust balance sheet with $1.757 billion in cash and short-term investments. The company does have fairly high long-term debt of ~$3 billion but just $775 million of this is short-term debt.

Advanced Valuation

In order to value Splunk I have plugged the latest financials into my advanced valuation model which uses the discounted cash flow method of valuation. I have forecasted a conservative 20% revenue growth for next year, which is slower than the prior growth rate of 40%. I am being prudent with this estimate given the macroeconomic environment and the number of account expansion wins as opposed to new customer wins in the quarter. However, in years 2 to 5, I have forecasted revenue growth to accelerate to 26% per year.

Splunk stock valuation 1

Splunk stock valuation 1 (created by author Ben at Motivation 2 Invest)

To increase the accuracy of the valuation I have capitalized R&D expenses which has lifted net income. In addition, I have forecasted growth in the operating margin to 23% over the next 9 years.

Splunk stock valuation 2

Splunk stock valuation 2 (created by author Ben at Motivation 2 Invest)

Given these factors I get a fair value of $110 per share, the stock is trading at $91 per share and thus is 17% undervalued.

As an extra data point Splunk trades at a Price to Sales ratio = 4.29 which is 51% cheaper than its 5-year average. The stock trades at a similar valuation to close competitor New Relic (NEWR), but is substantially cheaper than industry peer Datadog (DDOG).

Chart
Data by YCharts

Risks

Longer Sales Cycles/Recession

The high inflation and rising interest rate environment has caused many analysts to forecast a recession. Therefore I am expecting longer sales cycles as business decision-makers become more cautious and budgets are slashed.

Final Thoughts

Splunk is a tremendous company that has continued to produce solid financial results despite the macroeconomic headwinds. The platform is poised to benefit from the growth in the cybersecurity industry and the stock appears undervalued intrinsically.

Fri, 02 Dec 2022 03:51:00 -0600 en text/html https://seekingalpha.com/article/4562038-splunk-super-earnings-with-huge-cloud-growth
Killexams : Where Splunk Stands With Analysts

Analysts have provided the following ratings for Splunk (NASDAQ:SPLK) within the last quarter:

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 9 4 0 0
Last 30D 1 3 0 0 0
1M Ago 1 3 2 0 0
2M Ago 0 3 1 0 0
3M Ago 0 0 1 0 0

According to 15 analyst offering 12-month price targets in the last 3 months, Splunk has an average price target of $104.93 with a high of $130.00 and a low of $86.00.

Below is a summary of how these 15 analysts rated Splunk over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock

price target chart

This current average has decreased by 11.2% from the previous average price target of $118.17.

Stay up to date on Splunk analyst ratings.

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Thu, 01 Dec 2022 01:25:00 -0600 en text/html https://markets.businessinsider.com/news/stocks/where-splunk-stands-with-analysts-1031948142
Killexams : Expert Ratings for Splunk

Within the last quarter, Splunk (NASDAQ:SPLK) has observed the following analyst ratings:

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 9 4 0 0
Last 30D 1 3 0 0 0
1M Ago 1 3 2 0 0
2M Ago 0 3 1 0 0
3M Ago 0 0 1 0 0

These 15 analysts have an average price target of $104.93 versus the current price of Splunk at $86.75, implying upside.

Below is a summary of how these 15 analysts rated Splunk over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock

price target chart

This current average has decreased by 11.2% from the previous average price target of $118.17.

Stay up to date on Splunk analyst ratings.

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Thu, 01 Dec 2022 03:28:00 -0600 en text/html https://markets.businessinsider.com/news/stocks/expert-ratings-for-splunk-1031948395
Killexams : Earnings Outlook For Splunk

Splunk SPLK is set to deliver its latest quarterly earnings report on Wednesday, 2022-11-30. Here's what investors need to know before the announcement.

Analysts estimate that Splunk will report an earnings per share (EPS) of $0.25.

Splunk bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.44, which was followed by a 12.0% drop in the share price the next day.

Here's a look at Splunk's past performance and the resulting price change:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate -0.35 -0.74 -0.19 -0.50
EPS Actual 0.09 -0.32 0.66 -0.37
Price Change % -12.0% 9.54% 6.01% 4.67%
Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate -0.35 -0.74 -0.19 -0.50
EPS Actual 0.09 -0.32 0.66 -0.37
Price Change % -12.0% 9.54% 6.01% 4.67%

Stock Performance

Shares of Splunk were trading at $76.48 as of November 25. Over the last 52-week period, shares are down 31.42%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

To track all earnings releases for Splunk visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Tue, 29 Nov 2022 18:21:00 -0600 text/html https://www.benzinga.com/news/earnings/22/11/29887820/earnings-outlook-for-splunk
Killexams : Splunk Inc. (SPLK) Q3 2023 Earnings Call Transcript

Splunk Inc. (NASDAQ:SPLK) Q3 2023 Results Conference Call November 30, 2022 4:30 PM ET

Company Participants

Ken Tinsley - Corporate Treasurer, VP of IR

Gary Steele - President, CEO

Conference Call Participants

Brad Zelnick - Deutsche Bank

Brad Sills - B&A Securities

John DiFucci – Guggenheim

Kash Rangan - Goldman Sachs

Matt Hedberg - RBC Capital Markets

Mike Cikos - Needham & Company

Raimo Lenschow – Barclays

Steve Koenig – SMBC

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Splunk Inc. Third Quarter 2023 Financial Results Conference Call.

I would now like to turn the call over to Ken Tinsley, Corporate Treasurer and Vice President of Investor Relations. Please go ahead.

Ken Tinsley

Great. Thank you, Mandeep, and good afternoon. With me on the call today is Gary Steele. After market closed today, we issued our earnings press release, which is also posted on our Investor Relations website, along with supplemental material. This conference call is being webcast live, and following the call, an audio replay will be available on our website.

On today's call, we will be making forward-looking statements, including financial guidance and expectations, including our long-term growth and profitability and expense reduction efforts, forecasts of our fourth quarter and full year fiscal 2023 and our future expectations of revenues, total ARR, cloud ARR, operating margin and free cash flow as well as trends in our markets and our business, our strategies, our expectations regarding our business, acquisitions products, technology, customers and demand.

These statements are subject to risks and uncertainties and based on our assumptions as to the macroeconomic environment and reflect our best judgment based on factors currently known to us. actual events or results may differ materially. Please refer to documents we file with the SEC, including our Form 10-K and 10-Qs as well as the Form 8-K filed with today's press release. These documents contain risks and other factors that may cause our actual results to differ from those contained in our forward-looking statements.

These forward-looking statements are being made as of today, and we disclaim any obligation to update or revise these statements. If this call is reviewed after today, the information presented during the call may not contain current or accurate information.

We will also discuss non-GAAP financial measures, which are not prepared in accordance with generally accepted accounting principles. A reconciliation of GAAP and non-GAAP results is provided in the press release and on our website. The format for today's call will be a little different with the CFO position open and the search underway, Gary will provide our prepared remarks, including an overview of results, highlights in the quarter and the outlook for the remainder of the year.

We'll then move to a brief question-and-answer session. Just a reminder that most of our financial and operating metrics are provided in the supplemental slides, which are available on our IR website. And unless otherwise noted, financial comparisons made on this call are on a year-over-year basis.

So with that, let me turn it over to Gary.

Gary Steele

Thanks, Ken. Good afternoon, everyone, and thank you for joining today's call. I'm pleased to report that we delivered solid third quarter results, demonstrating progress in our disciplined approach to deliver long-term durable growth and profitability. We grew total revenues by 40% year-over-year to $930 million, and cloud revenues, 54% to $374 million.

Our top line outperformance was driven by strong term license demand from existing customers, underscoring the value our customers continue to gain from Splunk's mission-critical security and observability solutions powered by our one-of-a-kind data platform. That said, as noted last quarter, we continue to see caution from customers on the timing of their cloud migrations and expansions setting ongoing macro concerns.

In addition to our top line results, we made good progress on our expense controls, which I'll detail in a moment. Our revenue outperformance and expense reductions were key contributors to delivering a nearly $350 million improvement in free cash flow on a trailing 12 month over a trailing 12-month basis. I'd like to thank the entire Splunk team for their commitment and execution throughout the quarter.

Q3 results illustrate 1 of the core reasons I joined Splunk in the first place. Splunk is the leader within a massive and growing market opportunity. And in the current macro environment, we believe the prioritization of IT budgets is benefiting platforms like ours. Splunk helps the world's largest and most innovative organizations be more resilient, so they can adapt to, respond to and recover from threats, disruption and attacks faster and more efficiently.

Within today's economic environment, the evolving cybersecurity landscape and the ongoing demand for digital transformation, Splunk provides unparalleled capabilities at scale and the partnership that organizations need to keep their system secure, reliable and performing.

Our differentiated technology is deeply appreciated by our customers who are continuing to invest in the Splunk solutions they need to drive faster insights and actions across security, IT and DevOps. Only Splunk delivers a highly scalable and extensible platform organizations required to gain end-to-end visibility of all their data across on-prem, hybrid and multi-cloud environments. Consider our leadership in security.

In October, Gartner named Splunk a leader for the ninth consecutive year in its Sim Magic Quadrant. We are again among the identified companies in terms of ability to execute and completeness of vision. And that's just 1 measure of our success. We hear time again from CISOs that the breadth and depth of Splunk security solutions are critical for security teams and underpin their security operation centers.

Turning to IT operations and DevOps. Our portfolio of enterprise grade observability solutions provides customers with full fidelity monitoring and visibility across our IT infrastructures, applications and customer-facing digital experiences. Splunk has been recognized for leading the market in AI Ops and in cloud observability by GigaOm, Research in Action and Constellation Research. Splunk was recently rated first in IDC's market share ratings for the IT operations analytics software market. We were also the market share leader by revenue in Gartner's 2021 market share report for all software markets worldwide in the health and performance analysis of software market subsegment.

Today, our comprehensive product portfolio delivers incredible value to our customers across our core markets. As we look ahead, we are continuing to innovate. Early next year, we plan to roll out an enhanced unified security console, further helping organizations modernize their stock with a unified security operations experience to detect, investigate and respond to threats from 1 common work service.

We're also planning to enhance Splunk Observability Cloud with new features to help customers identify long-tail issues before they grow into they grow and impact multiple users and with new tools to collaborate more effectively to resolve those issues faster with deep insights into Kubernetes and cloud-based networks. Our security and observability offerings will also be bolstered by continued innovation in our underlying platform.

To that end, we're focused on increasing access to a wider range of data sources and providing greater control over the redaction filtering and routing of data in motion with edge processor and ingest action technology. In addition, enhanced federated search capabilities will enable customers to access data stored in third-party data lakes, all from 1 Splunk search bar.

Our performance in Q3 underscores the value customers place in Splunk as well as the focus of our team, particularly given the uncertain macro environment. As we shared on last quarter's call, we continue to see a slower pace of cloud migrations and expansions as customers remain cautious with their budgets and reprioritize their investments. This caution was evident in our cloud DBNRR, which remained strong, but ticked down slightly in Q3 to 127% as we expected.

We remain committed to partnering with our customers to support moving their workloads to cloud on their time line. While as the cost and resource intensive undertaking, most of our customers continue to acknowledge long-term value and transitioning to the cloud. In the meantime, given the flexibility of our hybrid deployment model, many are continuing to support their complex architectures on-prem. So while we did not see any meaningful change in the pace of cloud expansions and migrations in Q3, customer engagement remains [indiscernible] and overall demand for Splunk was good. RPO bookings were $1.1 billion in the quarter, up 37% year-over-year. Total ARR was $3.47 billion, up 23% and Cloud ARR was up 46% to $1.62 billion.

Let's turn to our customers. Splunk partners with some of the world's largest and most innovative organizations, including more than 90 of the Fortune 100. I meet with customers every week, and I'm hearing over and over about their passion for Splunk and the mission-critical role we play in driving their overall business resilience.

During the quarter, we are pleased to earn 6 distinct Best Of awards from TrustRadius, the results of which were determined entirely by customer reviews. We had many compelling customer wins during the quarter that demonstrate the breadth of our offering as well as our expertise. I'd like to share a few examples with you today.

One of the world's top investment banking and securities firms renewed its on-prem Splunk platform agreement and signed a new 3-year agreement with both Splunk Cloud and Splunk Observability Cloud to drive innovation and continuously Boost credit card operations. This customer processes billions of dollars in credit card transactions annually and requires fast-paced, resilient operational efficiencies. They turned to Splunk because alternatives would have been too risky and require years to implement with 5 or 6 IT staff.

Our cloud-based approach and observability technology will help ensure this team can be up and running in a matter of days with just 2 or 3 of their staff. Department of the U.S. federal government signed a 3-year multimillion dollar agreement to expand their use of Splunk Enterprise Security with additional professional service business Splunk Education. This department supports our nation's defenses, and we've collaborated with them for more than 5 years to help ensure they have access to data-driven insights to combat threats, avoid disruptions and mitigate risk across multiple locations.

Splunk is deeply committed to supporting our nation's government agencies, and I'm looking forward to connecting with many of our public sector customers and partners at Splunk Annual Gov Summit event on December 14 in Washington, DC. We also signed a multiyear, multimillion dollar renewal and expansion agreement with a major telecommunications company in Japan. With data volume growing at an exponential rate, this telco leader was struggling with the cost effectiveness of its existing on-prem data analytics model used in SIM, IT operations, analytics and DevOps. We've continued to earn the customers' trust not only because of our unfailing support over the years, but also through the flexible pragmatic cloud upgrade strategy we develop.

We bundled Splunk Cloud and Splunk Observability into the solution to ensure a smooth and stable transition to the cloud. We also advised the customer to switch from an ingest-based to a workload-based license, enabling them to manage their environment without limiting the amount of data they send into Splunk.

Finally, this quarter, we expanded our footprint with a top Fortune 100 retailer. We worked as a trusted adviser with this company for several years. And last year, we took them from on-prem to the cloud with a 3-year multimillion dollar deployment of Splunk Cloud.

Fast forward this quarter when we displaced 1 of our SIM competitors with cloud-based Splunk Enterprise Security. Ultimately, the competitor lack that requires scale and couldn't keep pace in today's rapidly evolving security landscape. Only Splunk could provide the capabilities and partnership they need to keep their digital systems resilient.

As we move forward in this uncertain economic environment, we are focused on managing the business with a balanced approach to growth and profitability. The combination of our business transformation plus the operational efficiencies that we're continuing to unlock is leading to good results.

On the gross margin side, we've made excellent progress managing direct costs over the past several years. During the quarter, we continued to deliver steady cloud gross margin expansion driven by ongoing optimization actions, working with our cloud service provider partners as well as engineering and cloud delivery improvements that allow us to better align infrastructure requirements to our customers' needs.

As a result, I am pleased to share that cloud gross margin surpassed 72% in Q3, our highest ever, up 8 percentage points over Q3 last year and hitting the 70% milestone that we've previously targeted and sooner than expected. Our sharply higher cloud gross margin drove a stronger total gross margin of 82% in Q3 and of 5 points over last year.

Turning to our operating expense reduction efforts. We're also making good progress in the 4 areas we've identified on last quarter's call. Contingent labor, travel and expenses, hiring and real estate. We began taking actions to reduce our total labor cost by utilizing contingent labor for only the most business-critical projects. Over time, we think there is substantial cost savings here.

For T&E, we continue to limit spend on customer-facing travel and support only, and our customers and our employees have adjusted to an ongoing culture of expense reduction and efficiency. Our measured and deliberate approach to hiring has allowed us to drive efficiencies across our entire business while still expanding overall sales capacity.

For example, we recently realigned the parts of our sales teams that are focused on security and observability product areas in favor of single seller model. This chain aligns the change aligns directly to feedback from our customers who are increasingly asking for solutions across our unified security and observability platform and to deliver outcomes across security, IT and DevOps use cases. As a result, we're continuing to hire more quota carriers while ensuring sellers have access to the right technical and industry expertise. We've also begun to focus more of our engineering hiring outside of the U.S., affording us greater access to diverse cost-efficient talent.

Finally, we continue to evaluate our global facilities footprint to identify opportunities to reduce or consolidate office base where possible. For example, in San Francisco, we recently consolidated operations from 2 buildings into 1 and will not renew the lease on 1 side. This action will result in more than $15 million of cost savings. It typically takes time to realize cost efficiencies from real estate changes, but we expect to pursue several additional opportunities over the near term, which could result in meaningful savings as early as next year.

Beyond these 4 areas of focus, there are many other opportunities to streamline operations and increase profitability. This 1 example is a more expansive approach on transacting in multiple currencies globally. Historically, we've denominated all customer contracts in U.S. dollars and have relied on partners to absorb foreign exchange risk in exchange for a discount. As we continue to enhance our international execution capabilities by denominating contracts in local currencies, we can assume the FX risk, hedge it ourselves and capture higher gross value of the underlying contracts.

Overall, through our discipline and prioritization, we're making significant progress on cost initiatives, which contributed to a $30 million sequential decrease in total OpEx in the quarter and a year-over-year decrease of 2%. We are pleased with our progress on expense control and remain confident we can continue to drive operating leverage from high-impact cost efficiencies going forward.

We are simultaneously investing in differentiated technology and leadership that are driving long-term growth opportunities. Since joining as CEO in April, I've been laser-focused on accelerating innovation from our product organization. In Q3, we welcomed Tom Casey, our new SVP and GM of platform as well as Jason Lee, our new [indiscernible]. Both Tom and Jason are highly regarded in the industry and known for their ability to execute while staying very close to customer needs and feedback. We're already feeling the difference of having these leaders on board, engaging with customers and leaning in with our organizations and our product road map.

On the M&A side, earlier this month, Splunk acquired Twin Wave, a cybersecurity startup with unique technology that automatically follows and analyzes complex a cat change that would otherwise require cumbersome manual workflows for security analysts. Twin Wave Founder and CEO, Mike Corn is now serving as SVP and GM of Splunk Securities Team. Bringing in this key talent and technology is further bolstering our world-class technical teams, and I'm excited about what we'll deliver together in FY '24.

In September, we welcomed a new partner leader, Gretchen O'hara as VP of Worldwide Channels and Alliances. Gretchen brings decades of experience leading channel ecosystems, building alliances and developing strong teams. Within weeks of joining, Gretchen and her team signed a 5-year extension to our strategic collaboration agreement with Amazon Web Services. And just this week, AWS named Splunk the 2022 ISV Partner of the Year for North America.

We also welcomed the new Chief People Officer, Cheryl Givens. Cheryl has a proven track record of successfully developing and leading people-centric strategies at public companies and technology startups. I've worked with Cheryl for a long time, and I'm confident she brings not only the expertise we need to scale as a global business with a hybrid and geographically distributed workforce, but also that she is a great fit within Splunk unique culture.

And while on the syllabu of executive hiring, we are making good progress on our CFO search. As you'd expect, for a company with our profile and opportunity, interest in the role has been high, and we've had a great slate of high-caliber candidates. We are taking the time needed to choose the right CFO to help Sears plans through our next chapter.

Looking forward towards the end of the year, we're confident in our execution plan and are reaffirming our full year total ARR target of $3.65 billion. We remain cautious on the pace of cloud migrations and expansions given the challenging macro environment. So we're moving to a range for Cloud ARR of between $1.775 billion and $1.8 billion versus our prior point estimate of $1.8 billion, primarily due to continued uncertainty of cloud mix.

For Q4, we expect total revenues of between $1.055 billion and $1.085 billion with a non-GAAP operating margin of between 23% and 26%, reflecting expense reduction efforts and continued profitability improvement. For the full year, we're increasing our outlook for total revenues to between $3.45 billion and $3.485 billion, reflecting our Q3 outperformance. We're also upping our total op margin expectation from 8% to between 12% and 13%. We expect higher free cash flow of $420 million from expense savings in the back half of this year.

As I wrap up, I want to reiterate my appreciation to our global Splunk team and for their discipline and execution during Q3. Since I joined in April, I've been constantly impressed not only by the caliber of our talent, but also the deep customer post mindset across our business.

I also want to thank the tens of thousands of global customers who trust us with their complex mission-critical workloads. We will continue to deepen our relationships to support customer security and observability needs across on-prem, cloud and hybrid architectures.

Finally, as I mentioned, the demand environment is strong, and we are reaffirming our total ARR target for the full year. As our guiding principle, we're committed to maintaining a disciplined approach to optimizing costs and improving efficiency and profitability while continuing to invest in future growth opportunities that we expect will drive long-term value.

Thank you again, and I look forward to your questions.

Question-and-Answer Session

Operator

[Operator Instructions] Our first question comes from the line of Raimo Lenschow from Barclays.

Raimo Lenschow

Gary, like could you speak to the dynamic in terms of cloud versus the old -- not the old, but the people staying on-premise and doing it themselves. How do you see that dynamic play out, especially in this environment as well, where you kind of might kind of buttoned down the hatches and just kind of continue to do what you do versus kind of doing new projects and moving to the cloud?

And how are you standing as a company towards that? Is that kind of something you want to push a little bit more? Are you happy with where customers are -- can you speak to that, please?

Gary Steele

Yes, you bet. So as we indicated last quarter, we did see because of macro conditions, we saw some cloud migrations and expansions move out. and it was very consistent through Q4 where we saw the same behavior on buying. We did not see, however, we didn't see any less loyalty to renewal. Our renewal rate stayed incredibly high. And so I think what's happening is customers definitely see the value of cloud.

They know they're going there, but they will pace their migration. And they will pace their migration when they are ready to make that move. And I think we've done a good job of clarifying with our customers as well that we are very supportive of a hybrid model where customers embrace on-prem in addition to cloud. And we think that's a strategic differentiator for the company as well. So while cloud migrations have slowed down. We don't necessarily see that as a big negative in our business.

Operator

Our next question comes from the line of Kash Rangan from Goldman Sachs.

Kash Rangan

Gary and team, 1 of the key investor issues with Splunk has been despite the great growth, will it make cash flows. And finally, I think you delivered unbelievable cash flow, so congratulations on that. And my question is not going to be about cash flow only, but I just wanted to understand, Gary, what is the -- what are the chances that the growth in cash flows is a more sustainable thing?

And what were the things I think you did a great job outlining the operating margin levers and free cash flow levers. I think some of us are positive [indiscernible] price how quickly this came to fruition. Can you maybe help us understand how philosophically this gearing towards free cash flow is more of a longer-term thing. And 1 of the levers that we could expect from the company as you deliver us more cash flows in the future.

And then second, more of a technology or product-related question. If the economic environment does clarify, do you think the cloud business can get back to better growth rate? And that we'll have less -- the markets [indiscernible]

Gary Steele

Great. Kash, I'll answer your second question first. So the second question, if the economic environment improves, do we think cloud migrations accelerate, we do believe that. Because I think these are projects that customers absolutely want to do. I think there's tremendous demand, but they're being thoughtful on their timing based on macro conditions. So should macro conditions change, I think we will see cloud migrations accelerate.

Going to your first question on cash flow, there's 2 things going on here. One, I think there's sometimes some confusion with our model. One of the very powerful, very cool aspects of our model is cash flow mirrors ARR cash flow mirrors ARR simply because whether you're a term license customer or whether you're a cloud subscription customer, you're paying us annually. So there's lots of vendors in the industry that bill upfront for multiple years. We stopped doing that several years ago.

So again, I want to reiterate that 1 of the strengths in our model is the fact that cash flow mirrors what happens with ARR. And so that provides long-term durability on cash flow, which personally I am super excited about. And I think it can deliver incredible value to investors over the coming years as we've now gotten out of this transition from the upfront billing to the annual billing.

And then coupled with that, as we've talked about, we've had some very focused expense initiatives as we've outlined in the prepared remarks, in 4 categories. We've been at this -- I've now been with the company about 7 months, and we've made tremendous progress, and I'm really proud of what the team has accomplished, but we have a lot more that we can do.

There's more efficiency that can be gained. And I think at the end of the day, we'll be we will be better able to serve customers with that efficiency. So I think it's very much aligned to what customers want to see as well. So I'm super encouraged about the opportunity with cash flow. And I think at the end of the day, the power of this business model will be proven out with our free cash flow results.

Operator

Our next question comes from the line of Matt Hedberg from RBC Capital Markets.

Matt Hedberg

Gary, could you talk -- you mentioned some of the challenges from a macro perspective. A little bit more color on how the quarter played out. Was the demand environment fairly stable? Or did things get little bit more challenging towards the end of the quarter? And then secondarily, how is the U.S. Fed business for you all this quarter?

Gary Steele

Yes. So first on macro conditions, we first started seeing a macro change in July. And so what we did see over the course of the quarter was pretty consistent behavior. So we didn't see more intense macro issues as we got to the close of the quarter. It was very consistent throughout. And I think because we had started in July, it felt very consistent to us through that entire period. And it was really focused again around cloud migrations, which typically are big projects. or associated cloud expansion. That's really where we felt it.

Now I'll reiterate, as I said before, we saw great consistency to on renewals. We saw no issue getting customers to renew it was really much more around cloud where the macro conditions play a role. And then to your question on the public sector business, we were very pleased with the results that our public sector team delivered. We had very good execution in the quarter. Really proud of what the team put up for us. We still think there's a tremendous opportunity there. We have new leadership in our public sector team that's really helping us drive execution. So super excited about that as well.

Operator

Our next question comes from the line of John DiFucci from Guggenheim.

John DiFucci

Gary, margins were really strong, right? So I'm just curious, though, is when we think about that sort of conflict sometimes between growth and margins. Is that something that we should think a little bit more about if margins continue to be strong? In other words, is a focus on margins in any way inhibiting growth? Or is there just simply room for efficiency gains here while still investing for ample growth?

Gary Steele

Yes. I do not think at all that we're inhibiting our ability to grow with the cost initiatives that we put in place. And I actually believe what we're doing is creating a more efficient business that can scale more effectively that can better deliver for customers. So I do not believe anything that we're doing is inhibiting our ability for the business to grow.

Operator

Our next question comes from the line of Brad Sills from B&A Securities.

Brad Sills

I wanted to double-click on the efforts to drive efficiencies in sales and marketing. It sounds like single seller approach is the direction you're heading. Could you just explain a little bit kind of where you're coming from, why this might be productivity enhancement in the sales and marketing area?

Gary Steele

Yes. No, great question. So historically, what we had were distinct sellers for security and observability working in conjunction with core sales reps. And it actually wasn't great from a customer experience because you'd have multiple reps needing to interact with customers. And so the single seller model supported by the right level of expertise and knowledge is a more efficient way to handle the customers' use cases and help drive the opportunities.

And so it's just much, much simpler. It's more -- it's simpler for Splunkers and it's actually simpler for customers. And it ultimately results in nice cost efficiency as well. So it has multiple benefits to it.

Operator

Our next question comes from the line of Brad Zelnick from Deutsche Bank.

Brad Zelnick

Congrats on the strong execution in the quarter. Gary, we're clearly in an environment where customers are wanting to do more with less. And with some of the changes that you're enacting as we think about the go-to-market and having this single sales point of contact. I'm just thinking in what ways can Splunk ensure that you're the platform of choice for customers to consolidate requirements? And is that part of what's inspiring the changes that you're making in the field as well?

Gary Steele

No, that’s exactly right because 1 of the things that we do see to your exact point is we see customers wanting to find ways to consolidate suppliers, they want to find ways to simplify their environment because it ultimately will be more cost efficient to run. And so we see that even today, and I would even go back to 1 of the examples that we provided in our prepared remarks, where existing customer took out competitive solution that had been using someone else’s SIM solution and moved to Splunk SIM solution. I do think that this creates an environment with this revised selling model to capture more of that consolidation.

Operator

Our next question comes from the line of Steve Koenig from SMBC.

Steve Koenig

Gray, thanks for getting me on here. I'll ask a multipart question, it's pretty short. So the first part is, can you deliver us a little color on the big revenue beat this quarter? Was it -- to what extent was deal duration factor here? And then secondly, you are doing an awful lot as 1 person here, and the shift seems to be stabilizing how are you spending your time? How have you been spending your time? And how do you expect that to change over the next 12 months? What things are you focused on?

Gary Steele

Thanks, Steve. So to answer the first part of the question on the beat, the beat came in 2 forms. So 1 was we obviously saw less cloud mix -- and that was -- that came in at 56%. And so that was slightly down from our expectations. And so you had more term that obviously drives revenue up. And then the contract term was slightly up as well. So the combination of those 2 things then provided for that broader revenue beat.

And then going to the second part of your question, where am I spending time. Obviously, I'm spending time on driving these cost efficiencies. That's a priority because I think at the end of the day, all of you will want to value the company on the amazing free cash flow that we will deliver. And so clearly, focused on that side of things. But I continue to spend a lot of time with customers and being in market with our sales team to really understand how people are thinking about buying and making sure that I'm understanding the role that Splunk is playing in their future plans. So that's another critical element.

And then obviously, the third big area for me is to continue to recruit a world-class team, and I'm super encouraged by what we're seeing on the CFO front and look forward to announcing someone soon.

Operator

Our final question comes from the line of Mike Cikos from Needham & Company.

Mike Cikos

I did want to circle up very quickly on the cloud migrations and those expansions that we're talking about. And I just wanted to see I know that we're talking about the single seller model and you guys supporting customers in this hybrid environment. But is there anything that Splunk can do or is doing to get in front of customers and help them with these migration plans kind of to support those cloud ARR metrics that you guys are moving towards?

Gary Steele

Yes. Really good question. So we continue to encourage customers to move to cloud. That's clearly a focus of our sellers. And while we were -- our mix wasn't exactly what we expected going into the quarter. We're still pleased with the results. There's still really good cloud momentum. And I think the place where we're seeing opportunity is where we can provide some level of incentive around professional services and things like that, that help incent customers to move more quickly. Those are things we continue to explore with our sales team.

Mike Cikos

And one other, if I could. Great to see the cloud gross margins come in, I guess, north of that 70% that we should be looking at.

Gary Steele

It was a big milestone, frankly. That was a big milestone for us. I'm really proud of the team and the work that was done to get there ahead of time, frankly.

Mike Cikos

So I guess my question is -- and I just wanted to stress test this, but was there anything onetime there? And then the follow-up is, is this 70% thought of as being more of a milestone, there's more room to push that higher over time?

Gary Steele

Yes. No, great question. This is not a one time thing. This is durable, and we can go farther. What you will see, though, it will take more work to move those numbers. So you'll see smaller incremental moves, but you'll continue to see gross margin move up. And as you would expect, we've taken down the low-hanging fruit, and that's what's really driven us at this point and not that it wasn't a lot of work, but we've gotten those through the low-hanging fruit. And now getting that incremental improvement in gross margin, we'll just take more effort. And so you'll see it continue to improve, but you'll see the smaller increments.

Operator

I would now like to turn the call over to Gary Steele for closing remarks.

Gary Steele

I want to thank everyone for your time today and joining us. Our approach to balancing durable growth and profitability is delivering, as you can see in our cash flow and our momentum is there as they’re as strong as we close the year and set up for a strong next year. I’m especially appreciative of all Splunkers for their ongoing commitment and execution and for their close partnership with our customers around the world, particularly through this uncertain economic time. Thank you, again, and have a great day.

Operator

Thank you, ladies and gentlemen. That does conclude today's call. Thank you for your participation. You may now disconnect.

Wed, 30 Nov 2022 19:45:00 -0600 en text/html https://seekingalpha.com/article/4561588-splunk-inc-splk-q3-2023-earnings-call-transcript
Killexams : Why Splunk Stock Is Worth a Look

These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or recommendations of Barron’s. Some of the reports’ issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.

Splunk SPLK-Nasdaq
Outperform • Price $77.68 on Nov. 30
by RBC Capital Markets
Splunk [which makes software that allows customers to, among other things, analyze data for decision-making] delivered a stable [fiscal-2023 third] quarter, with revenue and margin outperformance. Revenue of $930 million was up 40% [year over year], resulting in a 9.8% beat. Management noted that customers continue to see the value of the cloud, but are pacing migration to it.

Fri, 02 Dec 2022 12:10:00 -0600 en-US text/html https://www.barrons.com/articles/why-splunk-stock-is-worth-a-look-51670024401
Killexams : Why Splunk Stock Popped Today No result found, try new keyword!Shares of Splunk (NASDAQ: SPLK) were climbing today after the data-monitoring software company crushed estimates in its third-quarter earnings report. The stock was up 11% as of 11:46 a.m. ET. Wed, 30 Nov 2022 10:00:00 -0600 text/html https://www.nasdaq.com/articles/why-splunk-stock-popped-today Killexams : Splunk Earnings Spark Software

During down markets, investors tend to transition from a capital appreciation mindset to capital preservation mode. Like most bear markets, 2022 has followed that playbook which can be illustrated by the mass exodus from aggressive growth-oriented stocks toward lower-octane, large-cap value stocks. For example, at the time of this writing, a traditional value stock like Coca-Cola KO is merely off its all-time high by 5%. Meanwhile,like most high-valuation industry groups in 2022, the Internet – Software Group has been punished over the past year. Year-to-date, the Internet Software Industry Group is lower by nearly 60% - racking up losses equating to more than four times that of the S&P 500 Index. As investors look ahead to 2023, they should ask themselves: “Is the Internet – Software Group a victim to general market circumstances, or is the poor price action representative of group-specific problems?”

Splunk Earnings: A Turning Point for Software?

Thursday’s action in the Software Group seemed to point to the former. Several stocks saw strong price and volume action after reporting surprisingly profitable earnings, led by Splunk.

Splunk SPLK develops software that enables organizations to gain insights into their business by accessing, managing, and analyzing data in real-time. Late Wednesday, the beaten-down software firm reported quarterly earnings of $0.83 per share, handily beating Zack’s Consensus Estimates of $0.23 per share by 97% when adjusted for non-recurring items. Top-line numbers also surprised, beating Zacks Consensus Estimates by 9.91%. Splunk’s revenues came in strong at $929.77 million, a healthy increase of 40% year-over-year. Thursday, investors rewarded the growth accordingly, sending shares higher by nearly 18% on volume turnover, equating to nearly three times the norm.

Beyond the robust earnings reported for the current quarter, management provided a rosy outlook. Despite the current macroeconomic headwinds, the company upped its guidance for 2023. Previously, total revenues for the full year 2023 were expected to be between $3.35 billion and $3.4 billion; however, now the company is anticipating total revenue to be between $3.455 billion and $3.485 billion. Though top-line numbers impressed, perhaps the most significant surprise came from efficiency and cost savings expectations. Non-GAAP operating margins are expected to grow to 12% from 8%. Splunk President and CEO Gary Steele said, “In addition to our strong top-line results, we also made good progress on our expense reduction during the quarter. As a result, we are increasing our full-year outlook for total revenues, profitability, and free cash flow.”

Box Punches its way to a Profit

Box Inc BOX is a software platform that allows companies to manage internal and external data, content and store files in the cloud. Since the Covid Crash, Box has been an elite performer, rallying from a spike low of $8.64 to over $29 presently. While most tech stocks bottomed in October with the Nasdaq, Box saw its lows back in July and never looked back – a subtle sign of strength. Like Splunk, the outperformance can be traced to the company’s ability to produce a profit in a shaky macroeconomic climate. In fact, in some ways, the turbulent economic times may be working in the company’s favor. In the Q3 conference call, CEO and co-founder Aaron Levie stated that “As companies prioritize strategic IT initiatives that allow them to efficiently lower IT expenses, the Box Content Cloud enables enterprises to streamline their businesses, drive up productivity, reduce risk, and lower costs. With our industry-leading platform, Box is very well-positioned to execute through these dynamic times. As we continue to build an enduring business for the long run, we remain hyper-focused on driving growth and even greater profitability.”

Box’s third-quarter numbers back up the CEO’s point. Earnings for the quarter came in at $0.31 per share, marking a 40.9% jump on a fiscal basis and surpassing Zacks Consensus Estimates by 3.3%. While total revenues missed consensus estimates by a hair, the company grew its top line by 11.6% year over year. Customer acquisition and retention also drove results. Thursday, shares leaped 6.45% on double the average trading volume. After years of price consolidation, Box is now attempting to break out over its IPO price high. Box has registered double-digit revenue growth for seven straight quarters and double-digit EPS growth for three quarters in a row. The consistent growth, high expectations for the future, and relative price strength make Box a top option for investors looking to gain exposure to the Internet – Software Group.

Asana Punished as Losses Widen

Asana Inc ASAN is another member of the Zacks Internet – Software Group. The company provides a software platform that enables management teams to coordinate projects and employee tasks. Since last year, shares have seen quite the fall from grace, cratering from a high of over $145 to under $20 presently. After the close Thursday, Asana reported Q4 loss of $0.26 versus the Zacks Consensus Estimate of a loss of $0.32. Revenues jumped to $141.44 million from $100.34 million last year, coming in line with Zacks Consensus Estimates. Despite the revenue growth, investors punished the stock by 14% on Friday morning. Asana has yet to turn a profit as a public company.

Profitability is Paramount

In 2011 Silicon Valley legend Marc Andreesen correctly predicted that “Software is eating the world.” Since then the market has rewarded software investors with a plethora of multi-bag moves in the space. With that said, the software space has matured, and the macroeconomic climate has worsened. The exact batch of Internet – Software earnings has sent a clear message to prospective software investors: now is not the time to be throwing darts. The market is rewarding profitability and bottom-line growth. Prospective investors should be gravitating toward quality software names such as Splunk and Box that are able to turn the “profit spigot” on while avoiding riskier, unprofitable names such as Asana. The Zacks Internet – Software Group is  currently ranked in the top 22% of industries.

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CocaCola Company The (KO) : Free Stock Analysis Report

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Fri, 02 Dec 2022 06:16:00 -0600 en-US text/html https://finance.yahoo.com/news/splunk-earnings-spark-software-163904274.html
Killexams : Splunk Extends Strategic Collaboration Agreement with AWS

Security and observability leader releases a public preview of Splunk Add-on for Amazon Security Lake; Awarded 2022 Regional and Global AWS Partner Award

SAN FRANCISCO & LAS VEGAS, December 01, 2022--(BUSINESS WIRE)--AWS re:Invent 2022 – Splunk Inc. (NASDAQ: SPLK), the data platform leader for security and observability, today announced a five-year extension of its Strategic Collaboration Agreement (SCA) with Amazon Web Services, Inc. (AWS). During this week’s AWS re:Invent 2022, Splunk was also named the ISV Partner of the Year in North America at the 2022 Regional and Global AWS Partner Awards and revealed a public preview of the Splunk Add-on for Amazon Security Lake.

"Together with AWS, Splunk is committed to enabling joint customers to innovate with confidence, migrate and modernize existing environments, and safely scale without limits," said Gretchen O’Hara, vice president, Worldwide Partners and Alliances, Splunk. "For 10 years we have been better together, and we look forward to helping organizations worldwide solve their most significant business data challenges. This work would not have been possible without the long-standing strategic collaboration between our organizations. We are honored to be recognized as the ISV Partner of the Year in North America winner as well."

Announced during a Partner Awards Gala at AWS re:Invent 2022, the Regional and Global AWS Partner Awards recognize a wide range of AWS Partners, whose business models have embraced specialization, innovation, and cooperation over the past year. The Regional and Global AWS Partner Awards recognize AWS Partners whose business models continue to evolve and thrive on AWS as they work with customers. This regional award spotlights Splunk’s dedication and commitment to customer obsession.

"The strength of our collaboration with Splunk is amplified by our commitment to co-innovation and exceptional, data-driven outcomes for our joint customers," said Ruba Borno, vice president, Worldwide Channels and Alliances at AWS. "The focus of our collaboration is fueled by supporting our customers’ cloud migration journey, sustainability initiatives and strategies that expedite digital transformation and drive success."

Splunk Announces Amazon Security Lake Support

Splunk has released a public preview of the Splunk Add-on for Amazon Security Lake to the Splunkbase content marketplace. Announced at AWS re:Invent 2022 earlier this week, Amazon Security Lake allows customers to build a security data lake from integrated cloud and on-premises data sources as well as from their private applications. With support for the Open Cybersecurity Schema Framework (OCSF) open standard, Amazon Security Lake helps reduce the complexity and costs for customers to make their security solutions data accessible to address a variety of security use cases such as threat detection, investigation, and incident response. With Splunk Add-on for Amazon Security Lake, customers can use Splunk to easily ingest the OCSF-compliant data in Amazon Security Lake data to address security use cases, enabling security teams to more easily use this data to Boost threat detection, investigation and response. Splunk is an early supporter of Amazon Security Lake and a leading contributor to the community implementing the OCSF open standard that benefits the broader cybersecurity community.

Joint Splunk and AWS customers can benefit significantly from this support as it delivers benefits of OCSF, namely the simplification of sharing and analyzing disparate security data by eliminating the step of normalizing the data first. By storing data in OCSF-compliant format, Amazon Security Lake helps simplify the work customers must perform to ingest and analyze security data with Splunk by being a single feed of security data to manage versus customers needing to manage multiple services coming from AWS or other security solutions.

For more information on Splunk and AWS, visit the Splunk website or visit AWS Marketplace. AWS re:Invent attendees can also visit Splunk’s AWS re:Invent 2022 page and visit the Splunk booth #3516.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties, including but not limited to statements regarding Splunk’s strategic collaboration with AWS and any anticipated benefits, capabilities, results and future opportunities that the strategic collaboration can bring to us and our customers; and statements regarding our products, technology and ongoing product development. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release. Additional information on potential factors that could affect Splunk’s financial and other results and the forward-looking statements in this press release is included in the company’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2022, which is on file with the U.S. Securities and Exchange Commission ("SEC") and Splunk’s other filings with the SEC. Splunk does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

About Splunk Inc.

Splunk Inc. (NASDAQ: SPLK) helps organizations around the world turn data into doing. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.

Splunk, Splunk>, Data-to-Everything and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. © 2022 Splunk Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221201005393/en/

Contacts

Media Contact
Gabrielle Jasinski
Splunk Inc.
press@splunk.com

Investor Contact
Ken Tinsley
Splunk Inc.
ir@splunk.com

Thu, 01 Dec 2022 00:53:00 -0600 en-US text/html https://www.yahoo.com/lifestyle/splunk-extends-strategic-collaboration-agreement-130000545.html
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