Splunk Announces CEO Transition - Seite 2

“As a long-tenured director with significant experience in scaling cloud businesses, Graham has the expertise and acumen to lead Splunk as we conduct a search for the company’s next CEO,” said Steve Newberry, Splunk’s newly appointed Lead Independent Director of the Board. “The Board, Doug and Splunk’s management team are committed to ensuring a successful transition, and we are fortunate to have a leader of Graham’s caliber to help ensure Splunk continues executing its strategy and creating value for our stockholders.”

Preliminary Third Quarter 2022 Results

Splunk today announced preliminary results for its third quarter ended October 31, 2021. Based on preliminary unaudited financial information, the company expects to report the following for its fiscal third quarter ended October 31, 2021, all of which are within or above previously provided guidance:

• Cloud ARR will be approximately $1.105 billion, representing 75% year over year growth.
• Total ARR will be approximately $2.825 billion, representing 37% year over year growth.
• Total revenues will be approximately $660 million, representing 19% year over year growth.
• Non-GAAP operating margin will be approximately negative 14%.

“Thanks to our team’s focused execution, we had another excellent quarter and surpassed $1 billion of cloud ARR. We continue to deliver high value to our customers as we see continued momentum in our cloud and business model transformations,” said Jason Child, Splunk Chief Financial Officer.

As previously announced, Splunk will report results and host its fiscal third quarter 2022 conference call on December 1, 2021, after market close.

These preliminary unaudited financial results are based on preliminary unaudited information and management's estimates, and are inherently uncertain and subject to revision in connection with the company's financial closing procedures and finalization of the company’s financial statements for its fiscal third quarter 2022. Actual results for the fiscal third quarter ended October 31, 2021 may differ materially from these preliminary unaudited financial results.

About Graham Smith

Smith has served as a member of Splunk’s Board since 2011 and as Chair since 2019. Smith served in various executive leadership positions at Salesforce, a provider of enterprise cloud computing software, from 2007 to 2015, including as Chief Financial Officer and most recently as Executive Vice President. Prior to joining Salesforce, Smith served as Chief Financial Officer at Advent Software Inc., a portfolio accounting software company, from 2003 to 2007. Mr. Smith has served as a member of the Boards of Directors of BlackLine, Inc., a provider of cloud-based solutions for finance and accounting, since 2015, Procore Technologies, Inc., a provider of cloud-based construction management software, since 2020, and Elliott Opportunity II Corp., a special purchase acquisition company, since 2021. Smith holds a B.Sc. from Bristol University in England and qualified as a chartered accountant in England and Wales.