Sunday, February 5, 2023
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory
  • Login
  • Register
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
No Result
View All Result

Home > Cloud Computing > Splunk announced third quarter financial results

Splunk announced third quarter financial results

Splunk announced the company's financial results for the fiscal third quarter of 2022 which ended October 31.


Erdem Yasar Erdem Yasar
December 2, 2021
2 min read
Splunk announced third quarter financial results

Security and observability platform provider Splunk announced its financial results for the third quarter ended October 31. Splunk’s total revenues were $655 million for the quarter, increased by 19% from the same quarter of the previous year. The company also announced that its executive management team is hosting a conference call to discuss financial results and business highlights.

Financial highlights

  • Cloud ARR was $1.11 billion, up 75% year-over-year.
  • Total ARR was $2.83 billion, up 37% year-over-year.
  • Cloud revenue was $243 million, up 68% year-over-year.
  • Total revenues were $665 million, up 19% year-over-year.
  • 270 customers with cloud ARR greater than $1 million, up 96% year-over-year.
  • 635 customers with total ARR greater than $1 million, up 43% year-over-year.
Graham Smith, interim CEO and chair of Splunk
Graham Smith, interim CEO and chair of Splunk

Graham Smith, interim CEO and chair of Splunk said,

« Q3 marked a significant milestone for Splunk as it was our first billion-dollar cloud ARR quarter, with cloud accounting for a record 68% of our software bookings. Our third quarter results underscore the role Splunk is playing in our customers’ digital transformations and the immense trust organizations have in our data platform and security and observability solutions. »

The company is providing the following guidance for its fiscal fourth quarter 2022 (ending January 31, 2022):

  • Cloud ARR is expected to be between $1.325 billion and $1.350 billion.
  • Total ARR is expected to be between $3.085 billion and $3.135 billion.
  • Total revenues are expected to be between $740 million and $790 million.
  • Non-GAAP operating margin is expected to be between negative 2% and negative 8%.

The company is providing the following guidance for its fiscal year 2022 (ending January 31, 2022):

  • Total revenues are expected to be between $2.51 billion and $2.56 billion.
  • Non-GAAP operating margin is expected to be between negative 15% and negative 17%.
  • Operating cash flow is expected to be approximately $100 million.

See more Cloud Computing News


Tags: Splunk
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Next Post
EdgeConneX expanding its presence in Benelux

EdgeConneX expanding its presence in Benelux

Related News

NTT to add Palo Alto Networks' solution to its portfolio

NTT to add Palo Alto Networks’ solution to its portfolio

February 3, 2023 3:00 pm
Gcore announces partnership with Super Protocol to add new capabilities

Gcore announces partnership with Super Protocol

February 3, 2023 2:30 pm
Gcore introduces per-minute billing for video streaming

Gcore introduces per-minute billing for video streaming

February 1, 2023 5:45 pm
F5 reports first quarter financial results

F5 reports first quarter financial results

February 1, 2023 2:00 pm
Get free daily newsletters from Cloud7 News Get the Cloud7 Newsletter
Select list(s):

Check your inbox or spam folder to confirm your subscription.

By subscribing, you agree to our
Copyright Policy and Privacy Policy

Get the free newsletter

Subscribe to receive the latest IT business updates straight to your inbox.

Select list(s):

Check your inbox or spam folder to confirm your subscription.

Editor's Choice

What’s new in Linux kernel 6.2 rc6?

10 Best Web Hosting Services of 2023

Ubuntu 22.04 LTS is available for download. What is new?

CERN and Fermilab recommend AlmaLinux

7 best hosting control panels of 2023

How to update Linux Kernel without rebooting?

7 best Linux mail servers of 2023

7 best cPanel alternatives for 2023

7 best Linux web browsers for 2023

7 best CentOS alternatives

7 best Linux server distros of 2023

Interview with Igor Seletskiy on AlmaLinux

How to create a VM on VMware Workstation

Recent News

  • Weekly round-up: 30 January – 3 February
  • What is Deep Learning?
  • What is GitHub Copilot?
  • Cloud7 Expert Series: Dennis Kittrell from CloudLinux
  • Best Ubuntu alternatives for desktop of 2023

Cloud7 News
Cloud7 is a news source that publishes the latest news, reviews, comparisons, opinions, and exclusive interviews to help tech users of high-experience levels in the IT industry.

EXPLORE

  • Web Hosting
  • Cloud Computing
  • Data Center
  • Cybersecurity
  • Linux
  • Network/Internet
  • Software
  • Hardware
  • How-Tos
  • Troubleshooting

RESOURCES

  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

Get the Cloud7 Newsletter

Get FREE daily newsletters from Cloud7 delivering the latest news and reviews.

  • About
  • Privacy & Policy
  • Copyright Policy
  • Contact

© 2023, Cloud7 News. All rights reserved.

No Result
View All Result
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

© 2023, Cloud7 News. All rights reserved.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.