Splunk Achieves Year Over Year Q1 Growth of 84%; Adds 186 New Customers
Company Introduces Real-time Search; Expands Field Operations to Meet Global Demand
LONDON – 30th April, 2010 – Splunk, the IT Search company, today announced quarterly results for the period ending March 31, 2010. For Q1 2010, Splunk experienced top line growth of 84% and added 186 new customers, including 74 outside North America. This brings the company's total count to over 1,750 customers located in 68 countries. The company reported significant expansions with existing customers, including T-Mobile USA, LinkedIn and Autodesk, which also contributed to Q1 growth.
“In the first quarter of 2010 we introduced real time in the Splunk 4.1 release, grew our field organization and increased our investment in R&D," said Godfrey Sullivan, president and CEO of Splunk. "As 2010 unfolds, we’ll continue to invest in customer success by building the Splunk team, introducing additional product innovations and expanding our customer support organization.”
In the Americas, Splunk added 112 new customers including Citrix Systems, The Washington Post, Georgetown University and Sutter Health. In EMEA, Splunk added banking group Intesa Sanpaolo in Italy, Mobily, Saudi Arabia's leading telco, and the BBC, among others. In the Federal Market, Splunk added 31 new customers, building its presence at the US Department of Defense, civilian and intelligence agencies. In Asia, key wins included Singtel Optus and Lloyd's International in Australia, Taishin Bank in Taiwan and the China Construction Bank.
Splunk completed the development effort for Splunk 4.1, introducing real-time capabilities. The new release builds on the success of Splunk 4, launched in July 2009. "With real time, we introduced major new product functionality with no significant customer upgrade required," said Erik Swan, co-founder and chief technology officer, Splunk. "By providing one solution for search and monitoring of live, streaming data combined with historical analysis, organizations are no longer forced to make serious tradeoffs due to separate systems with fundamentally different technology architectures."
Splunk also added to its executive team with the appointment of Bill Gaylord as vice president of business development. Bill is responsible for all Splunk business development activities including partnerships, strategic accounts and corporate development. Previously, he was vice president of corporate development at Hyperion and held positions at Oracle as well as several start-up companies.
Key Q1 Accomplishments:
Named a winner - "Best Places to Work", San Francisco Business Times, for the third straight year
Added 31 new government agencies and entered Splunk into the Common Criteria (CC) certification process
Represented at 143 educational institutions worldwide, including 18 new customers in Q1
Invested in the Splunk Community:
- Launched the Splunkbase site – where Splunk customers can contribute and download apps and add-ons that run on the Splunk engine
- Introduced Splunk Answers – a dedicated resource for the Splunk user community to collaborate online and share best practices
- Announced the First Splunk Worldwide Users' Conference, Splunk '10 - August 9-11, 2010 in San Francisco
- Appointed its first Community Director, John Mark Walker
Named finalist – SC Magazine Awards, EMEA, Best Integrated Security Solution
Reviewed in Windows IT Pro® Magazine: "Splunk 4 provides excellent potential to help manage collection and restore logging data to its former usefulness."
Chosen by 40 of the Fortune 100 and 96 of the Fortune 500
