Splunk reveals business performance and new clients

Splunk announced that its revenues fell 5 percent to $492 million for its fiscal second quarter ended July 31, 2020.
Splunk revenue Q2 2020Splunk is providing the revenue guidance of between $600 million and $630 million in fiscal third quarter 2021 (ending October 31, 2020).

# Cloud ARR of $568 million (+89 percent)
# Total ARR of $1.93 billion (+50 percent)
# Cloud revenue of $126 million (+79 percent)
# 396 customers with ARR greater than $1 million

“Splunk’s cloud business continues to accelerate, now representing more than half of our software bookings in the quarter,” said Doug Merritt, president and CEO of Splunk.

“Splunk’s rapid transformation to the cloud has enabled us to reach key milestones ahead of schedule. Cloud ARR growth accelerated to 89 percent, or $568 Million, far exceeding our expectations,” said Jason Child, chief financial officer, Splunk.

New and expansion customers include Atlassian (Australia), California Polytechnic State University – San Luis Obispo, Chicago Public Schools, Costco Travel, DHS Cybersecurity and Infrastructure Security Agency, Financial Industry Regulatory Authority (FINRA), Jemena (Australia), L’Oreal USA, Mars, The Motley Fool, NASA, Transport for London (United Kingdom), University of California, Irvine, United Shore, Yale New Haven Health System

Splunk unveiled new updates to Splunk IT Service Intelligence (ITSI). Splunk ITSI 4.5 delivers a centralized framework for monitoring and investigation in one view, giving organizations enhanced service monitoring and event management features.

Splunk introduced Splunk Machine Learning Toolkit (MLTK) 5.2, which offers a simplified, customizable interface that provides broader access of the tool to less technical users and removes many barriers for machine learning exploration.

Splunk released the latest version of Splunk Data Stream Processor (DSP), a real-time stream processing solution that continuously collects, processes and delivers data to the Splunk platform or other destinations within milliseconds.

Splunk DSP 1.1 gives organizations the ability to collect data into a single unified location for better visibility and leverage advanced streaming capabilities.

Splunk unveiled its Global Restart program, showcasing how data will help the world get back to work. Visit the Splunk website to learn more about how organizations can bring data to their COVID-19 response and build a more resilient workforce with data.

Analyst firm IDC ranked Splunk No. 1 for 2019 market share and market revenue in their latest report that shows 13 percent market share in the ITOM market. IDC evaluated Splunk’s IT offerings including Splunk IT Service Intelligence, Splunk App for Infrastructure, Splunk Cloud, SignalFx Infrastructure Monitoring and SignalFx Microservices APM.

Chicago Public School, the third largest school district in United States, recently expanded on Splunk Cloud to support their shift to remote learning. Chicago Public Schools improved their visibility into remote learning challenges, help to better serve both students and teachers across the Chicago metropolitan area.

California Polytechnic State University, San Luis Obispo, or Cal Poly expanded their use of Splunk Cloud and Splunk Enterprise Security to address phishing activity brought on by COVID-19.

Yale New Haven Health System became a new Splunk customer after trialing Remote Work Insights offering. Yale New Haven Health System can use Splunk Cloud and Enterprise Security to combat threats with advanced analytics.