Splunk Inc Sales Increase with Greater Demand for Big Data Software

In Data & Analytics, Marketing and Sales, Technology by michelleg

Big Data, Splunk, Analytics, Big Data World Asia, Data

Splunk Inc reported that fiscal first-quarter sales increased 80 percent in its first earnings report since its share sales. It is reported that revenue in the period ended April 30 rose to $34.2 million from $20.6 million last year. However, Splunk's net loss also increased from a loss of $2.25 million to $20.5 million as the company bolstered investment to take advantage of surging demand.

Splunk is a maker of software that helps businesses analyze web data and is one of the first big data companies to go public when it debuted 6 weeks ago.

The current market value of Splunk stands at $3.08 billion (31 May 2012).

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