http://www.morningstar.com/earnings/49163004-splunk-inc-splk-q4-2013.aspx

Splunk Inc SPLK
Q4 2013 Earnings Call Transcript

Transcript Call Date 02/28/2013

Operator: Good day, ladies and gentlemen, and welcome to Splunk Fourth Quarter 2013 Financial Results Conference Call. At this time, all participants are in a listen-only mode and later, we will conduct a question-and-answer session and instructions will follow at that time. As a reminder, this conference call is being recorded.

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

Ken Tinsley - IR: Great. Thank you, Bethany, and good afternoon, everyone. With me on the call today are Splunk's CEO, Godfrey Sullivan and CFO, David Conte. As a reminder, today’s conference call is being broadcast live via webcast and an audio replay of the call will be available on our website.

By now, you should have received a copy of our press release which was distributed this afternoon. If you have not, it is available on the Investor Relations section of our website.

Before we begin, I’d like to remind you that during today's call, we will be making forward-looking statements including our guidance for fiscal 2014 first quarter and full year, expanded use of our software by our existing customs, the size of our license purchases, our investments and our sales capacity, field operations and vertical markets and our product enhancements. We caution you that such statements reflect our best judgment based on factors currently known to us and that actual events or results could differ materially. Please refer to documents we file from time to time with the SEC, including the form 8-K filed with today's press release.

Those documents contain important risks and other factors that may cause our actual results to differ from those contained in our forward-looking statements. Forward-looking statements made during today's call are being made as of today. If this call is replayed or reviewed after today, the information presented during the call may not contain accurate or current information. Splunk disclaims any obligation to update or revise any forward-looking statements to reflect events that occur or circumstances that exist after today. We will provide guidance on today's call, but we’ll not provide on today's call, but we'll not provide any further guidance or updates on our performance during the quarter unless we do so in a public forum.

During the call, we will also discuss non-GAAP financial measures. These measures are not prepared in accordance with generally accepted accounting principles. A reconciliation of the GAAP and non-GAAP results is provided in today's press release and on the Investor Relations section of our website. The projections regarding our non-GAAP operating margin that we provide today exclude stock-based compensation expense and payroll taxes related to employee stock transactions which cannot be determined at this time and then therefore not reconciled in today's press release.

With that, let me turn it over to Godfrey.

Godfrey R. Sullivan - Chairman and CEO: Thank you, Ken. Hello everyone, welcome to the call. Q4 was strong. Revenue for our fiscal fourth quarter was $65.2 million, up 51% compared to Q4 last year. License revenue was $46.8 million, up 43% compared to the same quarter last year. We finished the full fiscal year at a $198.9 million, up 64% over last year. We added more than 400 new customers including DuPont, Poste Italiane, Siemens Energy and University of South Australia and the Department of Homeland Securities, Emergency Readiness Team.

Read our Earnings Call Transcript disclaimer.
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