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17 November 2011

News - 95% Quarterly revenue growth for Splunk


By Ben Turner @ 06:44 :: 1329 Views :: 3 Comments :: Article Rating
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Software provider Splunk today reported year-over-year quarterly revenue growth of 95 percent for the quarter ending 31st October 2011. The company also announced that, with the addition of more than 350 new paid licence customers, its customer base extends to over 3,200 organisations, in more than 75 countries including more than half the Fortune 100 companies.

“At the core of every business is data that can provide a powerful competitive advantage. Every company is a data company. Splunk is delivering software that enables companies to derive game changing insights from their machine data,” said Godfrey Sullivan, president and CEO of Splunk.

Q3 FY 2012 Highlights:

• Added more than 350 new paid licence customers for a total of more than 3,200 customers in more than 75 countries including:
-- Europe and Middle East: The American University in Cairo, Carrefour, Vodafone Group Services GmbH, Sporting Index and Play.com

Company

• Achieved 95 percent year-over-year Q3 revenue growth
• Surpassed 430 employees, with eight offices worldwide

This week, Splunk also announced the appointment of PayPal President Scott Thompson to its Board of Directors. He brings to this role more than 20 years of experience in the electronic payments and financial services industries.

“The need for companies to be able to organise, understand and act on their data is more important than ever,” said Thompson. “Splunk is providing business with the ability to get valuable new insights from machine data in a way that I believe no one else is today. I’m honored to take on this opportunity.”

Splunk neither reaffirms its prior outlook or goals regarding revenues, new customers and new developers for fiscal 2012 nor does it provide any new outlook regarding anticipated future results.

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