Splunk Announces Fiscal Second Quarter 2016 Financial Results 

SAN FRANCISCO, Calif., Aug. 28 -- Splunk Inc., provider of the leading software platform for real-time Operational Intelligence, today announced results for its fiscal second quarter ended July 31, 2015.

Second Quarter 2016 Financial Highlights

• Total revenues were $148.3 million, up 46% year-over-year.
• License revenues were $88.0 million, up 42% year-over-year.
• GAAP operating loss was $65.6 million; GAAP operating margin was negative 44.2%.
• Non-GAAP operating income was $4.8 million; non-GAAP operating margin was 3.2%.
• GAAP loss per share was $0.44; non-GAAP earnings per share were $0.03.
• Operating cash flow was $13.6 million with free cash flow of $10.8 million.

“We are pleased with our quarterly results and thrilled to cross the 10,000 customer mark worldwide,” said Godfrey Sullivan, Chairman and CEO. “We have extended our position as the leading platform for machine data with two acquisitions focused on machine learning. With Metafor, we added world-class IT anomaly detection, and with Caspida we will provide data science-driven behavioral analytics for security. Our continuing investments in product innovation will help our customers realize even greater value from our solutions across a wide range of use cases.”

Second Quarter 2016 and Recent Business Highlights

Customers:

• Signed more than 500 new customers, ending the quarter with more than 10,000 customers worldwide.
• New and Expansion Customers Include: AFLAC, Barnes & Noble, Blue Coat Systems Inc., City of San Diego, Covered California, Deutsche Bahn (Germany), Experian (United Kingdom), Gatwick Airport (United Kingdom), GEICO, Infospace, Materialise NV (Belgium), Maxim’s Caterers (Hong Kong), Pernod Ricard (France), Samsung Semiconductor (South Korea), Sharp Healthcare, Staples, State of Missouri, Texas Roadhouse, Unify Solutions (Australia), United States Marine Corp, U.S. Securities and Exchange Commission and Yelp.

Product:

• Released the new version of the Splunk App for Stream, with functionality that simplifies configuration while increasing administration flexibility.
• Announced the winners of Splunk Apptitude App Contest.
  • Fraud / Insider Threat app winner: Hyperthreat
  • Social Impact app winner: Energy Scan
  • Innovation app winner: PRI Capacity

Acquisitions:

• Announced the acquisition of Caspida, extending Splunk’s security analytics leadership by adding Behavioral Analytics and machine learning to better detect advanced and insider threats.
• Acquired Metafor Software, an anomaly detection and machine learning company.

Strategic and Channel Partners:

• Splunk technology partner, Kepware Technologies, awarded the 2015 IoT Evolution Product of the Year Award, from IoT Evolution Magazine, for its Industrial Data Forwarder for Splunk plug-in.

Recognition:

• Splunk named a Leader in the 2015 Gartner Magic Quadrant for Security Information and Event Management and is the only company to improve on completeness of vision.
• Splunk won first prize at the Deutsche Bahn Internet of Things Hackathon.
• Splunk won Computing’s Vendor Excellence Award for “Big Data Innovation”, referencing Splunk’s work to democratize big data.

Events:

• Hosted SplunkLive! events in cities around the world, including: Boston, Chicago, Hamburg, London, New York, Osaka, Philadelphia, San Francisco, Singapore, Sydney, Tokyo, Toronto and Vienna. Presentations can be found on the SplunkLive! website.

Financial Outlook

The company is providing the following guidance for its fiscal third quarter 2016 (ending October 31, 2015):

• Total revenues are expected to be between $158 million and $160 million.
• Non-GAAP operating margin is expected to be between 1% and 2%.

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

• Total revenues are expected to be between $628 million and $632 million (was $610 million to $614 million per prior guidance provided on May 28, 2015).
• Non-GAAP operating margin is expected to be between 2% and 3%.

About Splunk Inc.

Splunk Inc. provides the leading software platform for real-time Operational Intelligence. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. More than 10,000 enterprises, government agencies, universities and service providers in more than 100 countries use Splunk software to deepen business and customer understanding, mitigate cybersecurity risk, prevent fraud, improve service performance and reduce cost. Splunk products include Splunk Enterprise, Splunk Cloud, Hunk, Splunk Light, Splunk MINT and premium Splunk Apps. To learn more, please visit http://www.splunk.com/company.

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Source: Splunk Inc.