back to article Guess who’s laughing most of the way to the Splunk, despite revenue miss and nervous customers?

Splunk has reported mixed results for its first quarter, while suggesting that the novel coronavirus won’t kill its ambitions for the full FY 2020. Among the nice numbers are annual recurring revenue (ARR) of $1.775 billion, because it is up 52 percent year-over-year. Cloud revenue was up $112 million, an 81 percent jump year- …

  1. Pascal Monett Silver badge
    Stop

    "data being a luxury"

    On what planet does he live again ?

    Data has never been a luxury. The only thing the entire IT industry has ever done is improve how we handle data. The speed and efficiency with which we deal with and transmit data today is because we have had to find ways to do that. Then the Internet came along and it was not long before we adapted to its unique abilities and now we are milking them for all their worth.

    The Cloud may be a luxury, but at the rate companies are stuffing data into it, it will soon become a necessity.

    1. ItWasn'tMe
      Devil

      Re: "data being a luxury"

      With many business IT products moving to only being offered as SaaS, The Cloud may become a necessary evil for some who wish to use such product / services.

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