Splunk Inc. (NASDAQ: SPLK), the leading software platform for real-time operational intelligence, today announced results for its fiscal fourth quarter and full year ended January 31, 2013.
“We are thrilled to cross the 5,000 customer mark worldwide by adding another 400-plus new Enterprise customers,” said Godfrey Sullivan, Chairman and CEO. “It is gratifying to see our customer relationships evolve to enterprise-wide deployments as organizations choose to standardize on the Splunk platform for their machine-generated data.”
Fourth Quarter 2013 Financial Highlights
- Total revenue was $65.2 million, up 51% year-over-year.
- License revenue was $46.8 million, up 43% year-over-year.
- GAAP operating loss was $5.9 million; GAAP operating margin was negative 9.1%.
- Non-GAAP operating income was $3.2 million; non-GAAP operating margin was 5.0%.
- GAAP loss per share was $0.06; non-GAAP income per share was $0.03.
- Operating cash flow was $24.8 million with free cash flow of $21.4 million.
Full Year 2013 Financial Highlights
- Total revenue was $198.9 million, up 64% from prior year.
- License revenue was $135.9 million, up 54% from prior year.
- GAAP operating margin was negative 11.1%; non-GAAP operating margin was negative 0.7%.
- Operating cash flow was $46.6 million with free cash flow of $37.6 million.
- Released the Splunk App for Enterprise Security 2.2 to take advantage of Splunk Enterprise 5 features, enabling improved scalability for large deployments, faster performance and easier third-party threat intelligence feeds. It also contains new and improved technology add-ons and is more tablet-friendly.
- Released the Splunk App for VMware 2.0 to enable deep operational visibility into granular performance metrics, logs, tasks, events and topology from hosts, virtual machines and virtual centers.
- Released the Splunk App for Palo Alto Networks 3.0 to enable users to leverage their machine-generated big data to analyze risk, improve security posture and compliance and address a number of additional operational and regulatory concerns.
- Announced the general availability (GA) of new software development kits (SDKs) for Java and Python. The Splunk SDK for PHP is in public preview.
- Released the GA version of Splunk DB Connect to deliver real-time integration between Splunk Enterprise and relational databases.
- Released Splunk Shuttl to give customers several backend options to archive their data, whether in Amazon S3, Hadoop HDFS or NFS. It allows data to move automatically and, via the user interface, locate and restore data with just a few clicks.
- Fast Company named Splunk one of the World's Most Innovative Companies. Splunk is ranked fourth overall for “bringing big data to the masses.” Fast Company also ranked Splunk the number one innovator in Big Data.
- Splunk Enterprise won the gold medal for the Best Security Product in the “2012 Editors' Best Awards” by Penton Media's Windows IT Pro. Splunk Enterprise was also awarded the silver medal for Best Free Tool and the bronze medal for Best Systems Monitoring Product.
- Named the 2012 Big Data Winner by Enterprise Strategy Group.
- Announced Tim Mather as the company’s first Vice President of Security and Compliance Markets and Chief Information Security Officer (CISO).
- Launched the Federal Election Commission Campaign Contribution Explorer to examine who gives the most to political campaigns by occupation, location and other criteria.
- Partnered with Rock the Vote to help young voters, who get a majority of their news via social media, better follow and understand the online conversation around the 2012 U.S. election campaign. Rock the Vote and Splunk4Good worked together to build a visualization that displayed sets of real-time political data to build a unique social media view to track the issues that young voters were discussing online.
- Selected to participate in the FEMA Innovation Think Tank to deliver social media metrics around the impact of Hurricane Sandy.
- Total revenue is expected to be between $52 million and $54 million.
- Non-GAAP operating margin is expected to be between negative 10% and negative 12%.
- Total revenue is expected to be between $260 million and $270 million.
- Non-GAAP operating margin is expected to be approximately zero.
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