Splunk, Inc. (NASDAQ:SPLK) Q1 2019 Earnings Conference Call - Preliminary Transcript

May 24, 2018 • 04:30 pm ET


Splunk, Inc. (NASDAQ:SPLK) Q1 2019 Earnings Conference Call - Preliminary Transcript


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Good day, ladies and gentlemen, and welcome to the Splunk Incorporated First Quarter 2019 Financial Results Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to introduce your host for today's conference, Mr. Ken Tinsley, Corporate Treasurer and Vice President of Investor Relations. Sir, you may begin.

Ken Tinsley

Great. Thank you, Bruce, and good afternoon, everyone. Thanks for joining me. With me on the call are Doug Merritt and Dave Conte. We issued a press release after close of market today and it is posted on our website. Additionally, this conference call is being broadcast live via webcast and following the call an audio replay will be available on the website.

On this call, we will be making forward-looking statements, including financial guidance and expectations, including our forecast for our second quarter and full-year of fiscal 2019 and our expectations for fiscal 2020. Trends and expectations regarding partners, customers, markets, strategies and deal size as well as trends and expectations regarding revenue mix, planned investments and trends in our operating model resulting from our investments and our expectations regarding our acquisitions, products and technologies.

These statements reflect our best judgment based on factors currently known to us and actual events or results may differ materially. Please refer to documents we file with the SEC, including the Form 8-K filed with today's press release. Those documents contain risks and other factors that may cause our actual results to differ from those contained in our forward-looking statements.

These forward-looking statements are being made as of today, and we disclaim any obligation to update or revise these statements. If this call is reviewed after today, the information presented during this call may not contain current or accurate information.

We will also discuss non-GAAP financial measures, which are not prepared in accordance with Generally Accepted Accounting Principles. A reconciliation of GAAP and non-GAAP results is provided in the press release and on our website.

So with that, let me turn it over to Doug.

Doug Merritt

Thank you, Ken. Hello, everyone, and welcome to the call. Q1 was a solid start to the year in terms of both field execution and product innovation. We delivered $312 million in total revenue, up 37% over last year. We also announced a series of product developments that expand the capabilities of our portfolio. At the recent RSA Conference, I had the opportunity to meet with many of our customers and partners.

What came out of our discussions is a continued validation of Splunk's role as a nerve center for security, and the importance that our platform and solutions bring to CSOs, CIOs and their teams through Splunk's ability to leverage their data no matter where it's sitting, in the cloud, on-prem or both and simultaneously use that data to solve a variety of use cases in Security, ITOps and DevOps.