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Splunk Accelerates, Beats Q4 and Annual 2007 Forecasts

SAN FRANCISCO, Jan. 15 /PRNewswire/ -- Splunk, the IT Search company, today announced results for the fourth quarter and year ended December 31, 2007. The company beat its sales forecast for the quarter by 35 percent and achieved 133 percent of its forecast for the fiscal year. Splunk ended the year with more than 500 enterprise, service provider and government agency customers.

SAN FRANCISCO, Jan. 15 /PRNewswire/ — Splunk, the IT Search company, today announced results for the fourth quarter and year ended December 31, 2007. The company beat its sales forecast for the quarter by 35 percent and achieved 133 percent of its forecast for the fiscal year. Splunk ended the year with more than 500 enterprise, service provider and government agency customers.

During the quarter, Splunk added more than 100 new customers and upgraded 40 customers to higher data indexing levels. The three most active industries contributing to the quarter were financial services, online services, telecommunications and government agencies. New customers include Bear Stearns & Company Inc., Orbitz, AT&T Wireless and the National Oceanic & Atmospheric Administration (NOAA).

Splunk's partner ecosystem continues to account for a growing percentage of the company's business. More than 25 percent of fourth quarter sales were through OEM, system integrator and resale partners. New partners added during the quarter include Radware, Voltage and Penguin Computing.

The fourth quarter also saw the introduction of the Splunk Preview release program giving customers early access to product features and functionality. The goal of the program is to provide an early view of new product and encourage user participation in the product development process. The first two releases included transaction search and change identification, as well as the preview of Splunk for Microsoft Windows. Splunk 3.1 also became available in the fourth quarter.

Major product milestones in 2007 included Splunk 3.0 and Splunk for AIX, both made available for general download in the third quarter. Delivered only 15 months after the last major version, Splunk 3.0 takes IT Search beyond the scope of log management and troubleshooting with interactive reporting of search results, dashboards and personalization, as well as an expanded search language with new statistical and arithmetic operators. Splunk for AIX allows customers running mission critical AIX applications to dig into everything happening at every layer of their AIX systems from one place with Splunk.

"Until now, it made sense to manage data centers in silos — break it down into manageable pieces, get the right point tool for the right job and move through distinct operational areas," said Michael Baum, Splunk's CEO and co-founder. "But tremendous amounts of data, complex Web applications, and virtualization have broken out of the silos, are crashing into compliance and security issues, rendering point tools limited or useless, and merging operational and business considerations that previously stood alone. To solve these problems customers need the ability to integrate any IT data from all their applications, servers and network devices into a broader view — not just to make sense of the data, but transform it into valuable information assets."

About Splunk

Splunk is a Silicon Valley company inventing large-scale, high-speed indexing and search technology for IT infrastructures. The company's freely downloadable software indexes and makes it possible to search and navigate data from any application, server or network device in real time. Logs, configurations, messages, traps and alerts, scripts and metrics. If a machine can generate it — Splunk can eat it. It's easy to download, install and use, and is very powerful. More than 500 enterprises, service providers and government organizations more than 150,000 users are achieving higher availability, investigating security incidents in record time, and meeting compliance requirements at lower costs with Splunk. Download your own free copy at http://www.splunk.com.

SOURCE Splunk

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