We also delivered substantially higher non-GAAP operating margin for the quarter, driven by our laser focus on balancing growth with profitability,” said Gary Steele, President and CEO of Splunk. “The value we bring customers is evident in our Q2 results, with total revenues growing 32 percent. Total revenues were $799 million, up 32% year-over-year.Ĭloud revenue was $346 million, up 59% year-over-year.Ĭloud Dollar-Based Net Retention Rate was 129%.ħ23 customers with total ARR greater than $1 million, up 24% year-over-year. (NASDAQ: SPLK), the data platform leader for security and observability, today announced results for its fiscal second quarter ended July 31, 2022.
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Increases Full Year Revenue, Profitability and Cash Flow Outlook View source version on businesswire.Total Revenues Grow 32% Cloud Revenue up 59% All other brand names, product names, or trademarks belong to their respective owners. in the United States and other countries. Splunk, Splunk>, and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. Organizations trust Splunk to prevent security, infrastructure and application issues from becoming major incidents, absorb shocks from digital disruptions, and accelerate digital transformation. Splunk helps build a safer and more resilient digital world. Gartner, Magic Quadrant for APM and Observability, Gregg Siegfried, Mrudula Bangera, 5 July 2023
and internationally and are used herein with permission. GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc and/or its affiliates in the U.S. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner research publications consist of the opinions of Gartner’s research and should not be construed as statements of fact. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. To learn more about Splunk’s Observability solutions, please visit here.
To learn more about Splunk’s recognition as a Leader in the 2023 Gartner® Magic Quadrant™ for APM and Observability, please visit here. Splunk is recognized in the Leaders quadrant in the report for the first time. The Gartner® Magic Quadrant™ analyzes vendors on the ability to execute and completeness of vision.
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Gartner defines the APM and Observability market as software that enables the observation and analysis of application health, performance and user experience. “We’re honored by this recognition, and believe it affirms our commitment to deliver observability solutions that are OpenTelemetry-native and provide full-stack visibility, so customers can resolve issues quickly and more effectively.” “Our customers seek complete business visibility across any environment and stack, full data control and flexible consumption and faster detection and root cause analysis to resolve problems faster,” said Spiros Xanthos, SVP and GM of Splunk Observability. This recognition follows Splunk’s ninth consecutive recognition as a Leader in the 2022 Gartner® Magic Quadrant™ for Security Information and Event Management, positioning Splunk as a vendor recognized by Gartner in both reports. (NASDAQ: SPLK), the cybersecurity and observability leader, today announced it has been named a Leader in 2023 Gartner® Magic Quadrant™ for Application Performance Monitoring (APM) and Observability. Analyst firm evaluates Splunk based on its completeness of vision and ability to execute
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