Splunk Announces Fiscal Fourth Quarter and Full Year 2015 Financial Results 

Splunk Inc., provider of the leading software platform for real-time Operational Intelligence, today announced results for its fiscal fourth quarter and full year ended January 31, 2015.

Fourth Quarter 2015 Financial Highlights

• Total revenues were $147.4 million, up 48% year-over-year.
• License revenues were $98.1 million, up 43% year-over-year.
• GAAP operating loss was $57.1 million; GAAP operating margin was negative 38.7%.
• Non-GAAP operating income was $11.5 million; non-GAAP operating margin was 7.8%.
• GAAP loss per share was $0.47; non-GAAP income per share was $0.09.
• Operating cash flow was $51.5 million with free cash flow of $48.8 million.

Full Year 2015 Financial Highlights

• Total revenues were $450.9 million, up 49% year-over-year.
• License revenues were $283.2 million, up 42% year-over-year.
• GAAP operating margin was negative 47.9%; non-GAAP operating margin was 2.7%.
• Operating cash flow was $104.0 million with free cash flow of $90.0 million.

“We are proud to welcome more than 600 new customers to the Splunk family, which now includes over 9,000 customers around the world,” said Godfrey Sullivan, Chairman and CEO. “We finished FY15 with strong performance across the board and posted our best quarter yet for both Splunk Cloud and the Splunk App for Enterprise Security. Our investments in cloud and solutions are helping to drive global customer adoption.”

Fourth Quarter 2015 and Recent Business Highlights

Customers:

• Signed more than 600 new enterprise customers, ending the fiscal year with over 9,000 customers worldwide.
• New and Expansion Customers Include: Accor (France), Auchan (France), Bank Gospodarstwa Krajowego (Poland), DATEV (Germany), Gamesys (United Kingdom), ICBC Asia (Hong Kong), Kaspersky Lab (Russia), Lennar Corporation, Macy’s, New York City Metropolitan Transportation Authority, Red Hat, SA Power Networks (Australia), Sephora, theScore (Canada), Tesco (United Kingdom), Toyota Motor Corporation, U.S. Department of State, Walmart Brasil, The Washington Post and Zillow.

Product:

• Introduced the new Splunk App for AWS to deliver real-time security and operational visibility into AWS CloudTrail, Amazon CloudWatch, billing and Amazon S3 data.
• Released the new Splunk Mobile App to support enterprise security requirements such as single sign-on and Mobile Device Management compatibility.
• Introduced the Splunk App for Salesforce, a service available only on Splunk Cloud to analyze adoption and usage data, monitor security threats and detect application delivery issues in Salesforce.
• Released the new Splunk App for Microsoft Exchange with a new Exchange Service Analyzer to give insight into the health of the entire Exchange environment.

Appointments:

• Appointed Adam Bangle, Vice President of EMEA.
• Promoted Anthony Palladino to Vice President of Americas.
• Promoted Bill Cull to Vice President of Worldwide Public Sector.
• Promoted Emilio Umeoka to Vice President of Asia Pacific and Worldwide Partners.

Financial Outlook

The company is providing the following guidance for its fiscal first quarter 2016 (ending April 30, 2015):

• Total revenues are expected to be between $116 million and $118 million.
• Non-GAAP operating margin is expected to be between negative 2% and 4%.

The company is updating its previous guidance for its fiscal year 2016 (ending January 31, 2016):

• Total revenues are expected to be approximately $600 million (was approximately $575 million per prior guidance provided on November 20, 2014).

The company is providing the following guidance for its fiscal year 2016 (ending January 31, 2016):

• Non-GAAP operating margin is expected to be between 2% and 3%.