1/4/2024 0 Comments Splunk revenue 2018We are on track to overtake Splunk and be the next SIEM market leader.” As Exabeam CEO Nir Polak said, “The new funding will allow us to invest heavily in our new cloud solutions and reach even more enterprises around the world. Meanwhile Exabeam expects to displace Splunk. As Gouw said, “It’s clear from the large increase in replacement wins with customers like ADP, Hulu, Safeway, Union Bank that Exabeam is consistently delivering industry-leading technology." Theresia Gouw, co-founder of cybersecurity investor Aspect Ventures, was happy about Exabeam's success at replacing incumbents. Exabeam says it growing fast - though the rate is slowing down. In 2016, it grew 300% in 2017 it spurted 250% and it expects to "more than double" in 2018. San Mateo-based Exabeam raised $50 million from Lightspeed Venture Partners and others claiming that its Security Intelligence Platform (SIP) is propelling rapid growth. Meanwhile, its challengers say they're eating Splunk's lunch.Įxabeam raked in a $50 million Series D and expects to overtake Splunk Splunk will report its second quarter 2019 earnings on August 23. Its non-GAAP loss of 7 cents per share was a "couple of cents wider than the Zacks Consensus Estimate as well as the year-ago quarter figure." Revenues rose 37.4% to $311.6 million nearly $14 million above the Zacks Consensus Estimate. On May 25 Splunk reported revenue that was greater than expected and a bigger-than-expected loss. In the first quarter of fiscal 2019, Splunk gave a mixed performance. Since going public in April 2012, its stock price has gone up and down - but as of August 15, its shares had risen 27.7% in 2018 yielding a market capitalization of $14.8 billion. Between fiscal 20, its revenues have grown at a 44.9% compound annual rate from $300 million to nearly $1.3 billion it has reported a net loss every year - in 2018 it lost $259 million and its free cash flow has soared at a 45.2% annual rate to $242 million, according to Morningstar. Splunk has been growing rapidly, losing lots of money - though generating positive cash flow and has enjoyed a nice rise in its stock price over the last five years. Revenues derive from a combination of software licenses and Splunk Cloud, its SaaS platform which are used for application management, IT operations and security. One raised $50 million in August 2018, another landed a $25 million cash injection from from Kleiner Perkins and others in June 2018, and that same month a third hauled in a $25 million Series C round.īefore getting into those upstarts, let's take a look at San Francisco-based Splunk - which specializes in machine log analysis. Splunk is facing some serious competition from three startups.
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