Splunk Announces CFO Transition
26 Setembro 2022 - 5:30PM
Business Wire
Jason Child Stepping Down to Join Leading
Semiconductor Company
Reaffirms Third Quarter and Full Year Fiscal
2023 Financial Outlook
Splunk Inc. (NASDAQ: SPLK), the data platform leader for
security and observability, today announced that Jason Child,
Splunk’s CFO since 2019, has accepted a position at a leading
pre-IPO semiconductor company. He will remain with Splunk until
early November.
Splunk has commenced a search for its next CFO with the
assistance of a leading executive search firm. Splunk has
established an Office of the CFO to oversee its financial strategy
and execution and ensure continuity during the search. The Office
of the CFO is comprised of Splunk’s head of FP&A, Chief
Accounting Officer, and head of Treasury & Investor Relations.
The Office of the CFO will report to President and CEO Gary
Steele.
“Jason is a talented leader and has been a valued colleague
during my first six months at Splunk,” said Steele. “He has played
an integral role in our ambitious cloud transformation strategy,
helped Splunk navigate through an unprecedented global pandemic,
and built a world-class finance team. We thank Jason for his
contributions and extend our congratulations to him on his next
role.”
Steele continued, “With talented leaders representing key
disciplines in our Office of the CFO, Splunk remains well
positioned to advance our key objectives while we take time to
identify our next finance chief. During this period, all of us at
Splunk remain focused on delivering on our customer-centric growth
strategy and advancing our innovative portfolio of products and
solutions.”
Child said, “Splunk is a remarkable company, and it’s been a
privilege to have been part of its success working alongside such a
talented team. Since Gary joined Splunk earlier this year, we have
enhanced our focus on driving durable growth and profitability over
the long-term. I believe Splunk is well positioned to achieve its
goals and look forward to watching its continued success and
industry leadership in the coming years.”
Reaffirming Third Quarter and Full Year Fiscal 2023 Financial
Outlook
The Company today reaffirmed its outlook for the third quarter
and full year fiscal 2023, as provided on August 24, 2022.
For its fiscal third quarter 2023 (ending October 31, 2022):
- Total revenues are expected to be between $835 million and $855
million.
- Non-GAAP operating margin is expected to be between 6% and
8%.
For its fiscal year 2023 (ending January 31, 2023):
- Total revenues are expected to be between $3.35 billion and
$3.4 billion.
- Non-GAAP operating margin is expected to be approximately
8%.
- Total ARR is expected to be approximately $3.65 billion; Cloud
ARR is expected to be approximately $1.8 billion.
- Operating cash flow is expected to be at least $420
million.
- Free cash flow is expected to be at least $400 million.
Safe Harbor Statement
This press release contains forward-looking statements that
involve risks and uncertainties, including statements regarding
Splunk’s growth and transformation strategies, its goals and
long-term prospects, including growth and profitability, as well as
Splunk’s guidance for revenue and non-GAAP operating margin targets
for the company’s fiscal third quarter 2023 and Total ARR, Cloud
ARR, revenue, non-GAAP operating margin, operating cash flow and
free cash flow for the company’s fiscal year 2023. There are a
significant number of factors that could cause actual results to
differ materially from statements made in this press release,
including those described in the company’s Quarterly Report on Form
10-Q for the fiscal quarter ended July 31, 2022, which is on file
with the U.S. Securities and Exchange Commission (“SEC”) and
Splunk’s other filings with the SEC. Splunk does not assume any
obligation to update the forward-looking statements provided to
reflect events that occur or circumstances that exist after the
date on which they were made.
About Splunk Inc.
Splunk Inc. (NASDAQ: SPLK) helps organizations around the world
turn data into doing. Splunk technology is designed to investigate,
monitor, analyze and act on data at any scale.
Splunk, Splunk>, Data-to-Everything and Turn Data Into Doing
are trademarks and registered trademarks of Splunk Inc. in the
United States and other countries. All other brand names, product
names, or trademarks belong to their respective owners. © 2022
Splunk Inc. All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20220926005793/en/
Media Contact Mara Mort Splunk Inc. press@splunk.com
Investor Contact Ken Tinsley Splunk Inc.
ir@splunk.com
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