![]() Total revenues are expected to be at the top-end of our prior range of approximately $3.9 billion (was previously between $3.85 billion and $3.9 billion). Total ARR is expected to be between $4.125 billion and $4.175 billion. The company is providing or updating the following guidance for its fiscal year 2024 (ending January 31, 2024): Non-GAAP operating margin is expected to be between 10% and 12%.įree cash flow is expected to be approximately negative $15 million which implies trailing twelve months free cash flow of $785 million. Total revenues are expected to be between $880 million and $895 million. Total ARR is expected to be approximately $3.825 billion. The company is providing the following guidance for its fiscal second quarter 2024 (ending July 31, 2023): Splunk Board of Directors Appointment: Yamini Rangan, President, CEO and Director of HubSpot, was appointed to the Splunk Board of Directors.Splunk Announces New Chief Technology Officer: Splunk appointed Min Wang as its Chief Technology Officer.Splunk Names New Chief Customer Officer: Splunk appointed Toni Pavlovich as its Chief Customer Officer.State of Security 2023: Splunk released a new research report, The State of Security 2023, featuring insights from over 1,500 security and IT leaders.Splunk Products Win Nine 'Best of' Awards: Resulting from customer reviews on TrustRadius, Splunk SOAR, Splunk Enterprise Security, and Splunk Log Observer were each recognized for Best Feature Set, Best Value for the Price and Best Relationship.Splunk Achieves 'In Process' Status for FedRAMP® High Authorization and ‘Pending’ Status for StateRAMP™ Moderate Authorization: Splunk achieved an “In Process” designation from the Federal Risk and Authorization Management Program ( FedRAMP®) Program Management Office (PMO) and a “Pending” designation from the State Risk and Authorization Management Program (StateRAMP) as it works towards authorization to provide these attested versions of the Splunk Cloud Platform to government entities.The app, which is expected to be available for purchase next month, extends Splunk’s powerful security capabilities to SAP environments. Splunk Security for SAP® Solutions Now an SAP Endorsed App: Splunk announced its Splunk Security for SAP solutions is an SAP endorsed app, and listed on the SAP Store, to help deliver immediate value for security and SAP teams.Splunk® Delivers Unified Security and Observability Innovation: Splunk announced new enhancements to Splunk Mission Control and Splunk Observability Cloud, and the general availability of Splunk Edge Processor to help build safer and more resilient digital enterprises.We remain focused on delivering value to our customers while managing our expenses and increasing profitability.” Notably, we generated nearly half a billion dollars of free cash flow in Q1 and are raising our operating margin and free cash flow outlook for the full year. “We met or exceeded all of our guided metrics. “Q1 was a milestone quarter for Splunk, demonstrating our operating leverage as we generated 16% ARR growth while reducing non-GAAP operating expenses by 1% year-over-year,” said Brian Roberts, CFO of Splunk. Only Splunk has the enterprise scale, unified product portfolio, industry maturity and vision to meet their needs.” ![]() “Customers worldwide gain tremendous value from Splunk as we help make their digital systems more resilient amidst a formidable threat landscape, greater technology complexity and ever-increasing demand for better, faster digital experiences. ![]() “Splunk delivered another solid quarter and once again delivered durable growth with increasing profitability and free cash flow,” said Gary Steele, President and CEO of Splunk. Operating cash flow was $492 million, up 243% year-over-year.įree cash flow was $486 million, up 253% year-over-year.Ĩ10 customers with total ARR greater than $1 million, an increase of 120 year-over-year. GAAP Operating Expenses declined 2% year-over-year non-GAAP Operating Expenses declined 1% year-over-year. Total revenues were $752 million, with Cloud revenue growing 30% to $419 million. Total ARR was $3.725 billion, up 16% year-over-year. (NASDAQ: SPLK), the cybersecurity and observability leader, today announced results for its fiscal first quarter ended April 30, 2023. SAN FRANCISCO-(BUSINESS WIRE)-May 24, 2023. Increases Annual Recurring Revenue 16%, More Than Triples Operating and Free Cash Flow
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |