What Are The Most Popular Use Cases For Splunk?

Billion Dollar Unicorn Splunk (Nasdaq: SPLK) recently announced its third-quarter results that outpaced guidance for the 27th consecutive quarter. Splunk may have initially been launched as a machine-generated data analytics platform, but today it has expanded into several diverse areas. It remains focused on becoming “the ubiquitous machine data platform, the standard in every organization” in the field of IT operations and application delivery, security compliance, fraud management, business analytics, and the Internet of Things.

Photo Credit: Ted Striker/Flickr.com

Splunk’s Financials

Revenues for the third quarter grew 40% over the year to $481 million, significantly ahead of the market’s expectations of $432.3 million. It ended the quarter with a net loss of $55.7 million and an adjusted EPS of $0.38. The Street was looking for an EPS of $0.31 for the quarter.

By segment, Splunk’s software revenues grew 49% to $325 million. Maintenance and services revenues grew 35% to $201.4 million. During the quarter, Splunk added more than 500 new enterprise customers including names like Jabil, Norfolk Southern, Japan’s Softbank, and Australia’s Department of Home Affairs.

For the current quarter, Splunk expects revenues of $560 million, compared with the market’s estimate of $553.1 million. It expects to end the current fiscal with revenues of $1.74 billion, compared with $1.69 billion estimated a quarter ago. Splunk also released its fiscal 2020 guidance, forecasting revenues of $2.15 billion for the year.

Splunk’s Product Upgrades

After a series of acquisitions announced earlier last year, during the last quarter, Splunk focused on improving its product releases and upgrades. Among the new releases, it announced Splunk Next, an evolving series of beta technologies that offers experimental, pre-release features or products to a limited number of customers for feedback. It includes its AI, machine learning, and natural language processing capabilities as part of the Next service. Some of the additional services on Next include the Splunk Data Fabric Search that allows organizations to perform search at a massive scale and Splunk Data Stream Processor that helps evaluate, transform, and perform analytics on data in motion.

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Disclaimer: More investigation and analysis of Unicorn companies can be found in my latest Entrepreneur Journeys book, Billion ...

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