Splunk had about 5,200 customers
and less than 800 employees at the beginning of the year in 2012. Since then,
they have enjoyed an extremely high revenue growth rate.
The CEO of Splunk, Godfrey
Sullivan said, “Our investors are encouraging us to continue to run at a
breakeven pace so that we can capture fast moving market opportunities.” Previously,
Sullivan was the head of the Data Analytics firm Hyperion Solutions, which was
later bought out by Oracle Corp for $4.5 Billion in 2007.
Godfrey is
planning to make Splunk just as successful as Hyperion and quoted, “[our
clients] are pretty pleased. You see that reflected in the stock price.” In
fact, shares of this small San Francisco-based company debuted at $17 on NASDAQ
and have more than doubled since its IPO made a splash in April of 2012.
Splunk’s software indexes and
manages machine data from computers, mobile devices, and servers. It also uses
an interface similar to Google’s that makes it is easy to search and navigate
through each company’s database.
These are some of the reasons why
Splunk is avalanching towards success. There
are dedicated people running the company that care about the quality of their data analytics and log storage product and service. They realize the
importance that data found from this software can bring to a company. With the right data, a company can analyze
ways to improve their business to be more successful by being more productive.
Splunk’s CEO Sullivan concluded
his speech saying, “Now just like we make it easy for you to look at your
server traffic, we can also show you your web traffic or mobile traffic and you
can analyze that just as easily.”0020x`
Splunk really is Avalanching
towards success by providing valuable analyzing tools. Sullivan says that
“Splunk is the next generation of business analytics” and I believe him.
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