SAN FRANCISCO and .conf21 – October 19, 2021 – Splunk Inc. (NASDAQ: SPLK), a data platform leader, today announced the latest enhancements to Splunk Cloud Platform and Splunk Enterprise, propelling Splunk’s 20,000+ customers into the next wave of digital transformation. Splunk is equipping organizations with the solutions they need to manage and thrive throughout their cloud journeys, leaning into Splunk’s unified data platform to become resilient, secure and innovative in their increasingly complex multi-cloud and hybrid environments.
“Over the past eighteen months, the transformative power of data moved to the forefront of how organizations have been reinventing themselves and their customer experiences. In an unpredictable world, organizations with a strong data foundation thrived despite unforeseen changes,” said Shawn Bice, President of Products and Technology, Splunk. “As we enter this next era of opportunity, we understand the responsibility and partnership with our customers, and Splunk is committed to their success. Data is everywhere - public clouds, on-premises data centers, the edge, apps, third party tools - and Splunk will be right there with our customers to help them turn data into doing.”
Splunk Cloud Platform Helps Overcome Complexity in Organizations’ Cloud Journeys
Splunk has the unique ability to help customers make radical data transformations to further accelerate their cloud-driven initiatives. Moving to the cloud provides organizations with greater resilience and agility, but may also add more complexity, which is why Splunk is crucial for helping customers manage their data and thrive throughout every stage of their cloud journey.
“For organizations that aspire to make cloud-centric IT their de facto operating model and a primary infrastructure strategy, they need a platform to access all data, search and get quick answers about the health, security, costs and performance of their hybrid cloud environments to deliver consistent user experiences,” said Archana Venkatraman, Associate Research Director, Cloud Data Management, IDC Europe. “The data platform organizations choose should be cloud-centric and ingest data from multiple hybrid cloud sources effectively, at scale, and in an automated way. More organizations and service providers are demanding the ability to adopt cloud in their own terms and pace. This means transparency, flexibility and choice around cost models, experience, and infrastructure are also key factors.”
With the enhanced Splunk platform, customers gain the latest innovations as well as increased flexibility and reliability in how they do business. At the annual user-conference, .conf21 , Splunk introduced features and updates that allow customers to customize Splunk’s solutions for their unique needs, improve end-to-end visibility, enhance investigation, and drive faster actions. Platform enhancements include:
Additionally, both Splunk partners and customers can leverage Splunk’s data innovation platform across every Intel-based architecture from the edge to the cloud. With more than 83% of the world’s cloud instances powered by Intel technology, Splunk and Intel are enabling customers to achieve faster insights and greater deployment flexibility, at lower costs. Splunk’s partnership with Intel delivers a high performance data innovation engine to accelerate the development of new solutions across infrastructure and business operations.
Strengthening Customer Value with Increased Flexibility, Scalability and Data Investments
As the types, sources and volume of data organizations need to analyze continually grows, having a trusted data platform is imperative for business success. Splunk’s workload pricing allows customers to buy based on infrastructure used to deliver services. It is now available for all Splunk Cloud Platform customers, making it easier than ever before for customers to get more from their data.
“The move to workload pricing has given us the freedom to pace our efforts with less worry about approaching data ingest limits,” said Trina McGhie, Chief Information Security Officer, Co-Operators. “Since we made the move to Splunk Cloud Platform and workload pricing, our highly skilled and innovative security team has nearly doubled our bandwidth of data with Splunk, our security posture has improved, and the ability to use Splunk to measure and monitor our organization’s posture has been invaluable.”
For more information on Splunk solutions, visit the Splunk website.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding Splunk’s products and services, including Splunk Cloud Platform and Splunk Enterprise, data transformation, platform enhancements, our partnerships and information about Splunk’s roadmap outlines and general product direction. We undertake no obligation either to develop the features or functionalities described (in preview or beta, which are used interchangeably) or to include any such feature or functionality in a future release. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: risks associated with Splunk’s rapid growth, particularly outside of the United States; Splunk’s inability to realize value from its significant investments in the company’s business, including product and service innovations and through acquisitions; Splunk’s shift from sales of licenses to sales of cloud services which impacts the timing of revenue and margins; a shift from generally invoicing multi-year contracts upfront to invoicing on an annual basis, which impacts cash collections; Splunk’s transition to a multi-product software and services business; Splunk’s inability to successfully integrate acquired businesses and technologies; Splunk’s inability to service its debt obligations or other adverse effects related to the company’s convertible notes; the emergence of new COVID-19 variants such as the Delta variant, the impact of new variants such as the Delta variant and related public health measures on our business, as well as the impact of new variants such as the Delta variant on the overall economic environment, including customer buying capacity, urgency and patterns; and general market, political, economic, business and competitive market conditions.
Additional information on potential factors that could affect Splunk’s financial results is included in the company’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2021, which is on file with the U.S. Securities and Exchange Commission (“SEC”) and Splunk’s other filings with the SEC. Splunk does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
Splunk Inc. (NASDAQ: SPLK) helps organizations around the world turn data into doing. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.
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