Department of Defense Designates Carahsoft $833M Core Enterprise Technology Agreement for Splunk’s Products and Services
Splunk to provide the DoD with asset management and cybersecurity software, maintenance support and training
RESTON, Va., April 14, 2021 (GLOBE NEWSWIRE)
Carahsoft Technology Corp., The Trusted Government IT Solutions Provider® today announced that its
Blanket Purchase Agreement (BPA) for Splunk Inc. solutions has been designated a
Core Enterprise Technology Agreement (CETA) by the Department of Defense (DoD). The CETA designation, valued at $833M in potential spend over 10 years, is part of the DoD’s Enterprise Software Initiative (ESI) to ensure technical dominance across defense agencies, intelligence communities and Coast Guard. To fulfill this initiative and accelerate technology innovation and adoption, Splunk will provide asset management and cybersecurity software, software maintenance support, professional services, training and more.
Provided by Business Wire
Splunk Inc. Announces Fiscal Fourth Quarter and Full Year 2021 Financial Results
Cloud ARR Growth Accelerates to 83%; Total ARR up 41%
Splunk Inc. (NASDAQ: SPLK), provider of the Data-to-Everything Platform, today announced results for its fiscal fourth quarter and full year ended January 31, 2021.
Fourth Quarter 2021 Financial Highlights
Cloud ARR was $810 million, up 83% year-over-year.
Total ARR was $2.36 billion, up 41% year-over-year.
Cloud revenue was $171 million, up 72% year-over-year.
Total revenues were $745 million, down 6% year-over-year.
510 customers with ARR greater than $1 million, up 44% year-over-year.
Full Year 2021 Financial Highlights
Cloud revenue was $554 million, up 77% year-over-year.
Total revenues were $2.23 billion, down 5% year-over-year.
GAAP operating loss was $780 million; GAAP operating margin was negative 35%.
Transforming For The Future forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
SHARE
The benefits of adopting cloud are indisputable, but the resulting architectural complexity has obscured the vision of IT professionals. What was on-premises network monitoring has been magnified into a requirement for cloud-native observability across an organization’s information technology stack, from the data center to the edge.
“Where an app used to be run off three different tiers in a data center, now it could be across hundreds of machines and opaque networks, opaque data centers all over the world, and often the only time you see how things come together is on the user’s desktop,” said Craig Hyde, senior director of product management at Splunk Inc.