Splunk stock calls8/3/2023 Using the rifle charts on the weekly and daily time frames provides a precision view of the landscape for SPLK stock. The Company expects cloud bookings to grow to 70% for fiscal full year 2023. Nearly all new cloud revenues were based on workload pricing. ![]() He noted that cloud represents 62% of total bookings, up from 50% in fiscal 2021 and 35% in fiscal 2020. Gary's software and cybersecurity expertise, deep understanding of recurring revenue models, operational focus and unwavering commitment to driving innovation and customer success will be invaluable to Splunk on our path of $5 billion and beyond." Smith elaborated on notable customer wins and expansions in the quarter including Box, The National Health Service in the U.K., and one of Japan's largest auto manufacturers bolstering its use of the Splunk Enterprise platform to boost efficiency by over 90% in problem detection and impact investigation to minutes from hours. Over the past two decades, he's led Proofpoint's growth from an early-stage startup to a leading security-as-a-service provider to some of the world's best-known organizations. Gary has over 30 years of experience and a track record of successfully scaling SaaS operations and growing multibillion-dollar global enterprises. Interim CEO Smith introduced the new CEO Gary Steele as the new CEO effective April 11, 2022, "In addition to a great Q4, I'm equally excited to announce the appointment of Gary Steele, a Visionary Technology executive and Founding CEO of Proofpoint, as the next CEO of Splunk effective April 11. Cloud ARR is expected to be at least $2 billion with total ARR around $3.9 billion with non-GAAP operating margin between 0% to 2%. The Company sees fiscal full-year 2024 revenues between $3.25 billion to $3.30 billion versus $3.03 billion analyst estimates. Splunk raised it fiscal Q1 2023 revenue guidance to come in between $615 million to $635 million versus $608.87 million estimates. Our team delivered across our platform, observability, and security businesses as organizations around the world turned to Splunk to monitor and secure their business-critical infrastructure and applications." ![]() Splunk Interim CEO Graham Smith commented, "Q4 was an excellent finish to a strong year for Splunk. Customer with over $1 million cloud ARR rose 70% YoY to 317 and customers with total ARR over $1 million rose 32% to 675 customers. Cloud revenues rose 69% YoY to $289 million. Revenues grew 20.9% year-over-year (YoY) to $901 million, beating analyst estimates for $776.38 million. The Company reported earnings-per-share (EPS) profits of $0.66 versus a loss of (-$0.20) consensus analyst estimates, an $0.86 beat. On March 2, 2022, Splunk released its fiscal fourth-quarter 2022 results for the quarter ended January 2022.
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