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Splunk: P R E S S R E L E A S E

The following excerpt is from the company's SEC filing.

Splunk Inc. Announces Fiscal Third Quarter 2016 Financial Results

Total Revenues Grew 50%; Company Increases Full Year Outlook

, 2015

Splunk Inc. (NASDAQ: SPLK), provider of the leading software platform for real-time Operational Intelligence,

today announced results for its fiscal third quarter ended October 31, 2015.

Third Quarter 2016 Financial Highlights

Total revenues were $174.4 million, up 50% year-over-year.

License revenues were $104.2 million, up 45% year-over-year.

GAAP operating loss was $72.3 million; GAAP o perating margin was negative 41.5%.

Non-GAAP operating income was $6.6 million; non-GAAP operating margin was 3.8%.

GAAP loss per share was $0.57; non-GAAP earnings per share were $0.05.

Operating cash flow was $36.4 million with free cash flow of $21.1 million.

“We are excited about our performance in Q3 and pleased to welcome more than 500 new customers to the Splunk family,” said Godfrey Sullivan, Chairman and CEO. “Our customers at .conf2015 shared inspiring new use cases and their innovation continues to guide our investments in Cloud, IT, Security and Business Analytics solutions. We made an impressive set of announcements including new premium solutions for IT Service Intelligence and User Behavior Analytics, and new releases of Splunk Enterprise and Enterprise Security.”

Third Quarter 2016 and Recent Business Highlights


Signed more than 500 new enterprise customers.

New and Expansion Customers Include:

CenterPoint Energy, China Merchants Bank, Cisco, Creative Artists Agency - (CAA), Dubai Smart Government, Fairfax County (Virginia), Getty Images, Groupon, Hong Kong Marine Department, Independent Health, Jabil Circuit, NASDAQ, NetEnt (Sweden), Northwestern Mutual, NTT DOCOMO (Japan), Pernod Ricard Asia (Hong Kong), State of Arkansas, State of Maine, Surfdome (United Kingdom), Synchrony Financial, University of Pittsburgh Medical Center, U.S. Department of Energy, U.S. Pharmacopeial Convention, United States Postal Service, University of Macau (China), Wüstenrot & Württembergische (Germany), Yodlee, Zillow.


Announced the general availability (GA) of Splunk Enterprise 6.3, the latest version of the award-winning platform for machine data, to deliver double the performance and lower total cost of ownership (TCO).

Announced the GA of Splunk IT Service Intelligence, a new IT monitoring and analytics solution that delivers immediate value to IT with advanced analytics and powerful visualizations.

Announced the GA of Splunk Enterprise Security (ES) 4.0 to help organizations track attackers’ actions with streamlined ad hoc analyses and event sequencing.

Announced the GA of Splunk User Behavior Analytics (UBA), delivering out-of-the-box capabilities driven by machine learning and advanced analytics to help detect advanced cyberattacks and insider threats.

Made Splunk Light available as a cloud service, delivering the power of Splunk to small IT environments.

Announced the GA of Hunk 6.3, a full-featured, integrated analytics platform used to interactively explore, analyze and visualize big data in Hadoop and Amazon S3. This allows Splunk users to further drive down TCO by archiving historical data from Splunk Enterprise.

Released the latest version of Splunk App for Amazon Web Services (AWS) to provide easy-to-use dashboards with comprehensive security, compliance and operational insights into AWS environments.

Splunk Inc. |

Strategic and Channel Partners:

Announced a strategic alliance with Booz Allen Hamilton to deliver predictive security analytics and operationalize threat intelligence.

Verizon Enterprise Solutions announced the launch of its Data Breach Investigations Report (DBIR) App for Splunk, providing actionable security intelligence for enterprises.


Splunk CTO Snehal Antani named to Computerworld’s 2016 Premier 100 Technology Leaders.

Splunk Enterprise won Network World Asia Readers’ Choice Awards for ‘Best Big Data Solution’ in 2015.

Splunk won the Platinum award from Security Insider in the “SIEM” category and the Gold award from Big Data Insider in the “Big Data Management and System Tools” category during the 2015 IT-Awards.

Splunk named to Deloitte’s North American Technology Fast 500.

Splunk ES and Splunk UBA named to Ventana Research’s Technology Innovation Award Winners for 2015.

Splunk named one of the Big Data 50 by Database Trends and Applications.

Announced the winners of the Splunk Revolution Awards at .conf2015.


Hosted a record number of customers and partners at .conf2015, the 6th Annual Splunk Worldwide Users Conference.

Hosted inaugural GovSummit with more than 1,000 attendees.

Hosted SplunkLive! events in cities around the world, including: Amsterdam, Auckland, Austin, Denver, Nashville, Sao Paolo, Seoul, Shanghai, Stockholm, Taipei, Warsaw and Wellington. Presentations can be found on the SplunkLive! website.

Financial Outlook

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

Total revenues are expected to be between $200 million and $202 million.

Non-GAAP operating margin is expected to be between 5% and 6%.

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

Total revenues are expected to total approximately $650 million (was $628 million to $632 million per prior guidance provided on August 27, 2015).

Non-GAAP operating margin is expected to be approximately 3% (was previously between 2% and 3% per prior guidance provided on August 27, 2015).

The company is providing the following guidance for its fiscal year 2017 (ending January 31, 2017):

Total revenues are expected to be approximately $850 million.

All forward-looking non-GAAP financial measures contained in this section “Financial Outlook” exclude estimates for stock-based compensation expenses, employer payroll tax expense related to employee stock plans, amortization of acquired intangible assets, acquisition-related costs and ground lease expense related to a build-to-suit lease obligation.

While a reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis, the company has provided a reconciliation of GAAP to...