Splunk Inc Q2 2024 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst : Gary and the whole team, congrats on the results, really, really good to see the momentum on both the top line and certainly the bottom line. It looks to me like you grew net new ARR really for the first time in a couple of years. Obviously, great to see. When you think about momentum in the second half and even next year, how do you expect to build on this success? And I guess specifically, outside of macros, which remain -- it feels like it's stable here, what are the most important things that we should think about that could perhaps apply further acceleration as we look out into the second half and into next year? 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 23, 2023 / 8:30PM, SPLK.OQ - Q2 2024 Splunk Inc Earnings Call

Question: Jacob Roberge - William Blair & Company L.L.C., Research Division - Analyst : Congrats again on the great quarter. Helpful commentary on the Cribl lawsuit and what you're doing with your Edge Processor to maybe help combat some of those potential competitive threats. I'm curious what you've seen on the adoption front for that product from your existing base, just given it's free for cloud customers and kind of how they're parsing out the data distribution with that product?

Question: Pinjalim Bora - JPMorgan Chase & Co, Research Division - Analyst : Congrats on the quarter. I just wanted to ask you about the renewal portfolio overall. Maybe talk about the performance. I think you said renewals rate improved year-over-year. Was that for the whole portfolio or just cloud only? And any comments on kind of sequential improvement in renewal rates?