Splunk sees revenues soar double-digits driven by success in cloud business

The cloud vendor also named a new CEO last week

Kelsey Rees
clock • 2 min read
Splunk sees revenues soar double-digits driven by success in cloud business

Splunk saw its top and bottom lines soar by double-digits in its fiscal fourth quarter and full year results ended January 31, 2022. Revenues for Q4 hiked 21 per cent year on year to $901m, while gross profit climbed 14 per cent to $710m from $595m in the previous year.  Its cloud revenue spiked a massive 69 per cent to $289m for the quarter.  Total revenues across the group for the fiscal full-year came to $2.67bn, up 20 per cent. Gross profit also rose 15 per cent to $1.9bn whil...

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