Investors have a big appetite for Big Data. Splunk, which helps companies turn data into usable information via A.I. and machine learning, has seen its stock rise an impressive 108% since its low in March. The company, which counts 91 of the Fortune 100 as clients, recently conducted a survey that found 57% of respondents fear that the volume of data is growing faster than their organizations’ ability to keep up. No wonder Splunk’s annual recurring revenue from its cloud subscription business was up 89% in the most recent fiscal quarter.
Courtesy of Splunk
As of 6/5/23
Market Value ($M)
Figures are for fiscal year ended Jan. 31, 2023. Market value as of March 31, 2023.
Future 50As of 12/3/20
|Year||Revenues ($M)||Profits ($M)|