A live audio webcast of the conference call will be available through Splunk’s Investor Relations website at. or (216) 672-5582 from international locations. Interested parties may access the call by dialing (866) 501-1535 in the U.S. ET) to discuss financial results and business highlights. Splunk’s executive management team will host a conference call beginning at 1:30 p.m. Non-GAAP operating margin is expected to be approximately 2% (was previously between 0% and 2%.) Total revenues are expected to be between $3.3 billion and $3.35 billion (was previously between $3.25 and $3.3 billion.) The company is updating the following guidance for its fiscal year 2023 (ending January 31, 2023): Non-GAAP operating margin is expected to be between negative 8% and negative 11%.
Total revenues are expected to be between $735 million and $755 million. The company is providing the following guidance for its fiscal second quarter 2023 (ending July 31, 2022): Marquee "Best Place to Work" Accolades: Splunk was named one of Fortune’s 100 Best Companies to Work For in 2022 as well as recognized by the Human Rights Campaign Foundation’s 2022 Corporate Equality Index as a best place to work for lesbian, gay, bisexual, transgender and queer (LGBTQ+) equality. Splunk Takes Center Stage at TED2022: James Hodge, Group Vice President and Chief Strategic Advisor for Splunk, was a featured TED2022 speaker and detailed customer McLaren Racing’s data-driven approach to virtual and real-world racing. 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 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.
#Splunk earnings 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.
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