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splunk > Splunk Announces Fiscal Second Quarter 2022 Financial Results August 25 , 2021 Cloud ARR Up 72 % Expects Total ARR of $ 3.1 Billion by Fiscal Yea End SAN FRANCISCO -- ( BUSINESS WIRE ) -- Aug . 25 , 2021-- Splunk Inc. ( NASDAQ : SPLK ) , provider of the Data - to - Everything Platform , today announced results for its fiscal second quarter ended July 31 , 2021 . Second Quarter 2022 Financial Highlights • Cloud ARR was $ 976 million , up 72 % year - over - year . • Total ARR was $ 2.63 billion , up 37 % year - over - year . • Cloud revenue was $ 217 million , up 73 % year - over - year . • Total revenues were $ 606 million , up 23 % year - over - year . • 234 customers with Cloud ARR greater than $ 1 million , up 100 % year - over - year . • 582 customers with Total ARR greater than $ 1 million , up 47 % year - over - year . " Our team delivered another strong quarter , validating the high strategic value we deliver to the world's largest and most dynamic organizations , " said Doug Merritt , President and CEO of Splunk . " We doubled the number of customers with Cloud ARR of $ 1 million dollars or more as workloads and data continue to shift to cloud . Our second quarter execution was broad - based with each of our major geographic regions exceeding our own expectations as more and more customers around the world rely on Splunk and our market - leading data platform and cloud - based capabilities . " " We delivered another quarter of high growth with Total ARR of $ 2.63 billion dollars , up 37 % year - over - year , " said Jason Child , Chief Financial Officer , Splunk . " We outperformed in the first half of the year and are well - positioned heading into the second half . We expect $ 1.3 billion of Cloud ARR and Total ARR of well over $ 3 billion by fiscal year end as we help our customers accelerate their digital transformations . " Business Highlights : New and Expansion Customers Include : Arlo , Chartis Group LLC , Fujitsu , Hiscox Underwriting Group Services Limited , Intel Corporation , N - able Technologies , Inc. , Norwegian Labour and Welfare Administration ( NAV ) , and Rover Group , Inc. • New Cloud - based Platforms Help Customers Maximize the Value from their Data : Splunk launched the Splunk Observability Cloud , Splunk IT Cloud , and Splunk Security Cloud to help organizations safely conquer complexity and fast - track cloud transformation . In addition , Splunk completed the acquisition of TruSTAR , a cloud - native security company offering a data - centric intelligence platform . • Silver Lake Investment : Silver Lake Partners , a global leader in technology investing , made a $ 1 billion investment in Splunk senior notes to support the continued transformation of Splunk's business and management of the company's capital structure , including Splunk's $ 1 billion share buyback program . Kenneth Hao , Chairman and Managing Partner of Silver Lake , was also appointed to Splunk's Board of Directors . • Splunk Ranks First in Both IT and Security Market Share Reports By Gartner , Inc .: Splunk leads IT Operations Management ( ITOM ) Performance Analysis and Security Information and Event Management ( SIEM ) market share rankings for the second and third consecutive year in 2020 reports . * • Splunk Expands Executive Bench and Technical Leadership : Splunk welcomed Shawn Bice as president of Products and Technology and appointed executives to the positions of Chief Cloud Officer , Chief Marketing Officer , and Chief Product Officer . • Splunk Delivers State Observability and Security Reports : Global research reveals that IT lers ' early investments in observability lead to improvements in performance , customer experience and bottom line . As well , security strategy evolution is necessary to address the increasing complexity of hybrid , multicloud infrastructures as supply chain attacks and remote work continues . Financial Outlook The company is providing the following guidance for its fiscal third quarter 2022 ( ending October 31 , 2021 ) : • Cloud ARR is expected to be between $ 1.10 billion and $ 1.11 billion . • Total ARR is expected to be between $ 2.8 billion and $ 2.825 billion . • Total revenues are expected to be between $ 625 million and $ 650 million . • Non - GAAP operating margin is expected to be between negative 15 % and negative 20 % .