![]() conf22, the market opportunities for Splunk and the role partners will play in leveraging those opportunities. Steele spoke with CRN in a video conference about what he has been focusing on since assuming the President and CEO post, his views on how his work at Proofpoint prepared him for his new role, his expectations for Splunk. conf22 annual user conference in Las Vegas next week, marking the first time many Splunk customers and partners will get to hear from the CEO. The company just recently announced that revenue in its fiscal 2023 first quarter (ended April 30, 2022) was up 34 percent year over year to $674 million. 31) was up 20 percent year over year to $2.67 billion. Today, the company is focused on selling its Splunk Enterprise and Splunk Cloud platforms, along with a number of applications that run on the platforms, for a range of cybersecurity and IT observability tasks.Įarlier this year, Splunk announced that revenue in the company’s fiscal 2022 (ended Jan. And in March of this year private equity firm Hellman & Friedman acquired a 7.5 percent stake in Splunk estimated to be worth $1.4 billion. In February, Cisco Systems reportedly approached Splunk about a $20-billion acquisition deal. On June 22, 2021, global private equity investment giant Silver Lake made a $1 billion investment in publicly held Splunk to strengthen the company’s balance sheet. At the time the company was also working to integrate a number of acquisitions from 20 and was negotiating a transition to subscription pricing and an annual recurring revenue business model. ![]() Splunk’s revenue slowed in the company’s fiscal 2021 during the early days of the pandemic when some businesses – especially those in the hard-hit travel, hospitality and retail sector – hit the pause button on major IT projects. Ledger in September 2020 and CTO Tim Tully in April 2021. Merritt’s departure came following a somewhat turbulent period at San Francisco-based Splunk that included the departure of several top managers including president of worldwide field operations Susan St. ![]() ![]() Steele joined Splunk after serving as the founding CEO of email security vendor Proofpoint for some 20 years before being hired in March to take the top job at Splunk. Gary Steele took the reins as President and CEO of data platform developer Splunk On April 11, filling the vacancy created in November 2021 when then-CEO Doug Merritt abruptly stepped down after more than seven years at the company, including six years as its top executive. ![]()
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