Splunk Delivers Steady Third Quarter as Cloud Adoption Continues to Gain Traction
Splunk’s third-quarter results were modestly ahead of our expectations, as the company continues to see multifaceted adoption of its machine log analytics platform. Security and IT operations remain among the most popular use cases, but Splunk continues to see heightened demand for cloud-based delivery of its products. As we have highlighted in recent quarters, investors should be mindful that the increasing mix of ratable billings can create near-term headwinds, though these effects can be smoo...Splunk provides software solutions that enable users to investigate, monitor, analyze and act on machine data. The company's main product is Splunk Enterprise, a machine data platform, comprised of collection, indexing, search, reporting, analysis, alerting, monitoring and data management capabilities. The company's Splunk Cloud delivers the capabilities of Splunk Enterprise as a service, while Splunk Light provides log search and analysis for information technology environments. The company also provides services that include maintenance and customer support, training services to its customers and channel partners, as well as consulting and implementation services to customers through its services team.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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