FY20
Splunk 2020 Annual report and Proxy Statement
About
Splunk Inc. is an American public multinational corporation based in San Francisco, California, that produces software for searching, monitoring, and analyzing machine-generated big data via a Web-style interface.
Highlights
Total Revenue
$in Millions - FYE January 31
Total Stockholder Resturn
FYE January 31
Total revenue of $2.359 billion, up 31% year-over-year
Fiscal 2020 was a year of strong growth, financial performance and execution. Our ongoing prioritization of customer success and adoption led to continued top-line revenue growth. In fiscal 2020, our executive compensation plans emphasized revenue and non-GAAP operating margin metrics to align our compensation incentives with our business strategy of delivering growth with spending discipline and operating leverage, which we believe is consistent with the investment objectives of our stockholders.
Customers
We have over 19,400 customers in more than 130 countries, including over 90 of the Fortune 100 companies, as of January 31, 2020. We exclude users of our trial software and users of VictorOps and SignalFx from our customer count. We provide offerings to customers of varying sizes, including enterprises, educational institutions and government agencies. Noindividual customer represented more than 10% of our total revenues for any of the periods presented.
We have over 19,400 customers!
Our current customer base spans numerous industry verticals, including:
- Media/entertainment
- Industrials/manufacturing
- Retail/ecommerce
- Technology
- Telecommunications
- Cloud and online services
- Education
- Financial services
- Government
- Healthcare/pharmaceuticals
Employees
We had over
5,800
employees!
As of January 31, 2020, we had over 5,800 employees. None of our United States employees is represented by a labor union with respect to his or her employment with us. Employees in certain European countries have the benefits of collective bargaining arrangements at the national level. We have not experienced any work stoppage
Stockholders
A message from the President of the company
I write this letter at a time of crisis unprecedented in living memory. From healthcare professionals
to grocery clerks, the people on the front lines of the COVID-19 pandemic are showing inspiring courage, day after day, as they protect lives and preserve order.
From government offices to corporate situation rooms, leaders are looking for ways to better understand and mitigate a crisis
that is caused by a virus, but exacerbated by shortages of tests and supplies, painful economic imperatives, and simple human contact.
As a software company, Splunk is in many ways in a privileged position. We’re better able than most
to transition to work-from-home. Indeed, our core proposition — valuable and actionable insight from data — is only more critical to the world in this time of crisis.
Director Nominations
Ensuring the Board is composed of directors who bring diverse viewpoints and perspectives, exhibit a variety of skills, experience, and backgrounds, and effectively represent the long-term interests of stockholders is a top priority of our Board and Nominating and Corporate Governance Committee. The Board believes periodic assessment of directors is integral to an effective governance structure and aims to strike a balance between ensuring that we retain directors with deep knowledge of the Company while adding directors who bring a fresh perspective. We have added three new directors since 2017, enhancing the Board’s breadth and depth of experience and diversity, while taking into account the Company’s evolving business model, the macro technology business environment and the changing governance landscape.
Covid-19
EFFECTS ON THE COMPANY
“...the extent to which COVID-19 may impact our financial condition or results of operations is uncertain...”
The worldwide spread of COVID-19 is expected to result in a global slowdown of economic activity which is likely to decrease demand for a broad variety of goods and services, while also disrupting sales channels and marketing activities for a unknown period of time until the disease is contained. At this point, the extent to which COVID-19 may impact our financial condition or results of operations is uncertain, and as of the date of issuance of those financial statements, we are not aware of any specific event or circumstance that would require us to update our estimates, judgments or revise the carrying value of our assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to our financial statements.