In today’s briefing:
- 1QFY23 Revenue Growth Accelerated As Cloud-Driven Transformation Goes Well
1QFY23 Revenue Growth Accelerated As Cloud-Driven Transformation Goes Well
- Splunk Inc (SPLK US) , a leading American provider of machine-generated data platform and established software vendor, announced strong 1QFY23 earnings results.
- Total revenues grew to $674M, up 34% YoY, the highest revenue growth rate for the last 3 years. Cloud revenues jumped by 66%, reflecting customer adoption of the cloud platform.
- WSJ reported that Cisco made a $20B+ takeover offer for Splunk. However, no deal was on the table, but if talks resume, Cisco could pay $20B+, according to The NYT.
Before it’s here, it’s on Smartkarma
