View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data
November 20, 2015

Splunk CEO resigns on back of strong Q3

News: Big Data software company boosts revenue guidance.

By James Nunns

Godfrey Sullivan has resigned as Splunk CEO.

Sullivan ends his seven year reign in charge of the Big Data software company on the back of its Q3 2015 financial results.

Although he is stepping down as CEO, he will remain nonexecutive chairman, with Douglas Merrit operating as its new president and CEO.

Sullivan said he: "Will continue to work closely with the Board and with Merritt to ensure a smooth transition and implementation of the company’s long-term strategy."

Although the company reported a loss of $73m for the last quarter, compared to $47m a year earlier, it boosted its yearly revenue guidance to around $650m up from $628m.

Revenue sits at $174.4m, up 50% year-over-year. Licensing revenues were $104.2m up 45% year-over-year. The company’s non-GAAP operating income was $6.6m.

Splunk expects revenue for the January quarter to be between $200m and $202m.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.