Splunk: Deal-Closing Rate Rebounded In Fourth Quarter : vima

Splunk: Deal-Closing Rate Rebounded In Fourth Quarter


Splunk: Deal-Closing Rate Rebounded In Fourth Quarter
Company sees continued demand for its big data platform for digital security tasks, says SolarWinds attack highlights the need for “timely detection capabilities.”
By
Rick Whiting March 04, 2021, 03:10 PM EST
A slowdown in deal closings big data software developer Splunk experienced in its fiscal third quarter, which the company attributed to ongoing uncertainty from the COVID-19 pandemic, did not continue into the fourth quarter, company executives said this week in announcing Splunk’s fiscal 2021 fourth-quarter and year-end results.
Splunk CEO Doug Merritt (pictured), during an earnings call with financial analysts, also noted that the fallout from the SolarWinds cybersecurity attack points to the value of the Splunk Enterprise and Splunk Cloud platforms and Splunk Enterprise Security solution for detecting and responding to cybersecurity hacks.

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