Splunk Inc


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SKU: SPLK Category:


Splunk managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. Total sales in Q1 were $752 million. Splunk increased total ARR by 16% yearly to $3.725 billion, exceeding its previous forecast by $25 million. In cybersecurity, Splunk expanded its footprint within a worldwide IT services and consulting firm, including the addition of Splunk Enterprise Security. This agreement emphasizes the importance of the company’s ongoing engagement with this organization, as well as the importance of its connections with CISOs. During the quarter, they also made significant headway on foreign expansion, with important customer wins in Security and Observability. They closed a large transaction in Europe for Splunk Cloud and Splunk IT Service Intelligence with a global semiconductor manufacturing company in Q1. Besides, the company launched Splunk Edge Processor to provide its clients more visibility and control over the volume and content of data before it leaves its network. They also opened Splunk Immersive Experience (SIE) center in collaboration with Amazon Web Services to enhance the understanding of cloud-based retail solutions among retailers and other business entities. We give Splunk a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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