Splunk Inc Q2 2022 Earnings Call Summary - Thomson StreetEvents

Splunk Inc Q2 2022 Earnings Call Summary

Splunk Inc Q2 2022 Earnings Call Summary - Thomson StreetEvents
Splunk Inc Q2 2022 Earnings Call Summary
Published Aug 25, 2021
17 pages (9907 words) — Published Aug 25, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of SPLK.OQ earnings conference call or presentation 25-Aug-21 8:30pm GMT

  
Brief Excerpt:

...A. Highlights: Team delivered another strong qtr. 1. Cloud ARR growing 72%. a. 10th consecutive qtr. of 70%-plus growth. i. ii. Over last year, has doubled number of customers with cloud ARR at more than $1m. b. Cloud dollar-based net retention rate remains best-in-class at 129%. c. These results speak high strategic value Co. delivered to world's largest and most dynamic organizations. 2. Outperformance was also broad-based with each major geographic region exceeding plan and validating customers globally are aligned on Co. and its market-leading data platform and cloud-based capabilities. Co. offers most comprehensive data platform in market today powering customer's security, IT and DevOps teams. a. b. 100% focused on enabling them to make sense of and act on their log, metric and trace data to achieve outcomes that matter most to them. 3. (inaudible) organizations rapidly migrate to cloud, sticking more effectively and securely to serve their own customers. Brought together best cloud...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Splunk Inc
Ticker
SPLK.OQ
Time
8:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst : Congrats on the results, first of all. Doug, I want to start with you. It's been a few months since the Silver Lake investment. But I'm curious if you could talk a little bit about what that means to sort of the strategy and really where you're at in this cloud transition and just how that benefits kind of the investment thesis? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 25, 2021 / 8:30PM, SPLK.OQ - Q2 2022 Splunk Inc Earnings Call

Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst : That's great. And then just a quick one for Jason. The $3 billion ARR target is great. I guess from your perspective, when we're coming out of this transition and we're leaning more cloud, how do you think you get more to leverage in the sales force? To me, it feels like there's a great opportunity to see even more leverage there as we progress through the year. So just kind of thoughts on how that might transpire.

Question: Karl Emil Keirstead - UBS Investment Bank, Research Division - Analyst : Maybe 2 for Jason. Jason, if I take your 4Q ARR number of the high end, $3.1 billion to $3.5 billion and I assume a relatively slow decel as Splunk scales, I can arrive at a view that you're actually only going to miss your original $4.5 billion ARR target by, let's say, 2 quarters. I just wanted to ask, is that way off the mark? And when do you think you'd be in a position to offer visibility on the ARR number beyond fiscal '22?

Question: Karl Emil Keirstead - UBS Investment Bank, Research Division - Analyst : Yes. That makes sense, Jason. I think we all appreciate that. And then my follow-up is just on your comment that RPO bookings should accelerate in 3Q, 4Q. I just want to clarify, from a base of 29% that you just did, does that acceleration assume any duration increase? And then if you could also clarify, I think you said on the last call that CRPO should be in the low 20s in the next several quarters. Do you feel -- still feel good about that?

Question: Karl Emil Keirstead - UBS Investment Bank, Research Division - Analyst : It's nice to see Splunk coming back with a good quarter. No drama. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 25, 2021 / 8:30PM, SPLK.OQ - Q2 2022 Splunk Inc Earnings Call

Table Of Contents

Splunk Inc at UBS Global TMT Conference (Virtual) Transcript – 2021-12-06 – US$ 54.00 – Edited Transcript of SPLK.OQ presentation 6-Dec-21 6:00pm GMT

Splunk Inc Q3 2022 Earnings Call Summary – 2021-12-01 – US$ 54.00 – Edited Brief of SPLK.OQ earnings conference call or presentation 1-Dec-21 9:30pm GMT

Splunk Inc Q3 2022 Earnings Call Transcript – 2021-12-01 – US$ 54.00 – Edited Transcript of SPLK.OQ earnings conference call or presentation 1-Dec-21 9:30pm GMT

Splunk Inc at Jefferies Software Conference (Virtual) Transcript – 2021-09-15 – US$ 54.00 – Edited Transcript of SPLK.OQ presentation 15-Sep-21 9:00pm GMT

Splunk Inc Q2 2022 Earnings Call Transcript – 2021-08-25 – US$ 54.00 – Edited Transcript of SPLK.OQ earnings conference call or presentation 25-Aug-21 8:30pm GMT

Splunk Inc at Bank of America Global Technology Conference (Virtual) Transcript – 2021-06-10 – US$ 54.00 – Edited Transcript of SPLK.OQ presentation 10-Jun-21 8:00pm GMT

Splunk Inc Q1 2022 Earnings Call Summary – 2021-06-02 – US$ 54.00 – Edited Brief of SPLK.OQ earnings conference call or presentation 2-Jun-21 8:30pm GMT

Splunk Inc Q1 2022 Earnings Call Transcript – 2021-06-02 – US$ 54.00 – Edited Transcript of SPLK.OQ earnings conference call or presentation 2-Jun-21 8:30pm GMT

Splunk Inc at Truist Securities Technology, Internet & Services Conference (Virtual) Transcript – 2021-03-09 – US$ 54.00 – Edited Transcript of SPLK.OQ presentation 9-Mar-21 10:00pm GMT

Splunk Inc at Morgan Stanley Technology, Media and Telecom Conference (Virtual) Transcript – 2021-03-04 – US$ 54.00 – Edited Transcript of SPLK.OQ presentation 4-Mar-21 6:15pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Splunk Inc Q2 2022 Earnings Call Summary" Aug 25, 2021. Alacra Store. May 21, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2022-Splunk-Inc-Earnings-Call-B14944293>
  
APA:
Thomson StreetEvents. (2021). Splunk Inc Q2 2022 Earnings Call Summary Aug 25, 2021. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2022-Splunk-Inc-Earnings-Call-B14944293>
  
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