Splunk Stock Price, News & Analysis

Splunk Inc. (SPLK), a leader in cybersecurity and observability, reported a strong fiscal fourth quarter for 2023 with total revenues reaching $1.251 billion, a 39% increase year-over-year. This marks the first time quarterly revenues exceeded $1 billion. GAAP net income stood at $269 million, with GAAP EPS at $1.44. For the fiscal year, total revenues were $3.654 billion, up 37% year-over-year, and cloud revenue grew by 54%. The company expects total revenues for Q1 2024 to be between $710 million and $725 million, and annual recurring revenue (ARR) to reach approximately $3.7 billion.

Splunk Inc. (NASDAQ: SPLK) will participate in the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA, on March 6, 2023. The discussion hosted by President and CEO Gary Steele and CFO Brian Roberts will start at 12:55 p.m. PT. Interested parties can access a live webcast of the event via the Splunk Investor Relations website.

Splunk provides a powerful data platform that helps organizations analyze and act on data at any scale, enhancing security and observability.

Splunk Inc. (NASDAQ: SPLK) will report its fourth quarter and full year financial results for the period ending January 31, 2023, on March 1, 2023, after market close. This announcement includes a press release with comprehensive financial information. Investors can engage in a conference call at 1:30 PM PT (4:30 PM ET) to discuss the results and business highlights. Access to the call is available via a dedicated phone number or through a live audio webcast on Splunk's Investor Relations website.

Splunk Inc. (NASDAQ: SPLK) has appointed Brian Roberts as the new Chief Financial Officer (CFO), effective immediately. Reporting to CEO Gary Steele, Roberts brings 30 years of financial expertise from notable companies like Lyft, Microsoft, and Walmart. His previous experience includes significant growth achievements, notably at Lyft, where he managed a 70-fold increase in annual revenue. Roberts expressed enthusiasm for Splunk's innovative platform and potential for strong financial performance, aiming to support the company's balance of durable growth and profitability.

Splunk Inc. (NASDAQ: SPLK) has unveiled its 2022 Global Impact Report, highlighting advancements in social impact, ethical growth, data responsibility, and environmental sustainability. The company allocated over $1 million for nonprofit partners and its employees contributed over $3.5 million to various charities. Key initiatives include establishing a Cybersecurity & Data Responsibility Committee and committing to net zero emissions by 2050. Splunk emphasizes purpose-led work as essential for business success.

Splunk Survey highlights significant challenges faced by public sector organizations in utilizing data for cybersecurity. The survey reveals that 63% of public sector entities struggle with data leveraging compared to 49% in the private sector. Additionally, two-thirds (66%) of public agencies find it tough to mitigate cybersecurity incidents.

Both sectors identify a need for improved intelligence sharing to enhance visibility and response capabilities. Planning for future investments includes monitoring, threat intelligence, and security assessments.

Splunk Inc. (NASDAQ: SPLK) has announced a five-year extension of its Strategic Collaboration Agreement with Amazon Web Services (AWS) during AWS re:Invent 2022. The company was recognized as the ISV Partner of the Year in North America at the Regional and Global AWS Partner Awards. Splunk also unveiled a public preview of the Splunk Add-on for Amazon Security Lake, enabling customers to simplify security data management and improve threat detection through OCSF compliance. This collaboration aims to facilitate business data challenges and accelerate cloud migration for joint customers.

Splunk Inc. (NASDAQ: SPLK) reported a strong fiscal third quarter with total revenues increasing 40% to $930 million, while cloud revenue surged 54% to $374 million. The company achieved a GAAP EPS of $(0.20) and a Non-GAAP EPS of $0.83. Splunk raised its full-year revenue outlook to between $3.455 billion and $3.485 billion, alongside a projected free cash flow of at least $420 million. The Cloud Dollar-Based Net Retention Rate stood at 127%, signaling strong customer loyalty.

Splunk Inc. (NASDAQ: SPLK) will announce its financial results for the third quarter ended October 31, 2022 on November 30, 2022. The results will be published after market close and available on the Splunk Investor Relations website. Additionally, a conference call will be held at 1:30 p.m. PT to discuss these results and business highlights. Shareholders can join the call by dialing (800) 715-9871 in the U.S. or (646) 307-1963 internationally, using conference ID 5441433.