Tuesday, May 11, 2021

Splunk IPO Doubles on Day One

The Wall Street Journal: Software vendor Splunk saw its shares climb 109 percent on the first day of trading. That’s the best debut for a technology IPO so far this year, besting Millennial Media’s 92 percent surge on its first day of trading.

Part of the “big data” trend, Splunk’s software harvests machine data–the log data from servers, switches and all other devices that connect to an enterprise’s network–for analysis. The company has 3,700 customers, but has not yet turned a profit. It reported an $11 million loss for the fiscal year ended in January.

Similar articles

Latest Articles

Top 10 Professional Services...

Professional services automation (PSA) software aims to offer service-based companies most of the software they will need to run their businesses in one package....

What is Data Aggregation?

Data aggregation is the process where raw data is gathered and presented in a summarized format for statistical analysis. The data may be gathered...

Dell APEX: Our...

One of the missteps IBM made last century was collapsing their sales model, which was services based, to generate a short-term revenue spike. Up...

Companies that Scaled Technology...

NEW YORK — Companies that “doubled down” on their investment in mostly data-heavy technology during the COVID-19 pandemic have seen their revenue grow five...