Splunk Announces More Customers, Acquisitions and Earnings for Q3

December 4, 2013

An article on ZDNet titled Splunk Shares Rise After Hours Thanks to Q3 Revenue Surge, Strong Outlook explains the progress of the San Francisco based software corporation Splunk. After upsetting estimates of losses on shares with the news of a record third quarter, Splunk announced the addition of 450 new customers, making the total 6400 customers internationally.

The article quotes Godfrey Sullivan, CEO of Splunk:

“ “More customers are adopting Splunk software as their enterprise standard. We expanded our product portfolio this quarter with the release of Splunk Enterprise6, Splunk Cloud and Hunk: Splunk Analytics for Hadoop, providing more power, functionality and flexibility for our customers.” For the fourth quarter, analysts were expecting Splunk to deliver non-GAAP earnings of six cents a share on revenue of $86.12 million. Splunk responded with revenue guidance of $88 million and $90 million.”

The upgrades Sullivan mentioned only skim the surface of the increased potential of the latest software. Splunk claims that the Enterprise 6 is 1,000 times faster than old versions. Quarter 3 also included the acquisition of BugSense Inc. and an expanded partnership with Amazon Web Services. Internal changes were also made, with Stephen Sorkin made chief strategy officer and Todd Papaioannou as chief tech officer for C-level appointments.

Chelsea Kerwin, December 04, 2013

Sponsored by ArnoldIT.com, developer of Augmentext

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