First-quarter sales rose 30% versus the prior-year period to $242 million, ahead of our forecast. Maintenance and services revenue (which include cloud contracts) were the primary growth driver, ...

Cisco’s corporate restructuring got off to a solid start with the vendor’s increased focus on artificial intelligence (AI), security, and cloud paving a smooth transition into the networking giant’s ...

Splunk’s latest .Conf focused on machine data, federation, resiliency, and easing the cybersecurity burden. That’s a good start for the cyber giant, but from security leaders’ perspective, work ...

It has been almost a year and a half since Cisco Systems Inc. acquired Splunk Inc. At the time, investors were happy because it was a good financial move. Cisco spent $28 billion and would get back ...

(1) Represents the income tax adjustment using our estimated non-GAAP tax rate of 20%.

Splunk's new CEO is 4 quarters in and has performed well against consensus so far. The company has seen 4 quarters of >30% revenue growth rate while posting quarterly profitability and positive cash ...

Splunk's stock price has jumped around 40% this year after reporting strong Q2 results and raising its guidance for the year. The company continues to grow cloud ARR at a >20% y/y pace, while ...

The AI tools introduced at the company’s .conf2023 include the Splunk AI Assistant, Splunk Machine Learning Toolkit 5.4, Splunk App for Anomaly Detection, and the Splunk App for Data Science and Deep ...

The cloud migration journey has become less of a question of "if" and more of "when" for enterprises. With 94% of organizations now using cloud services, the momentum toward cloud adoption shows no ...