Splunk IPO Doubles on Day One

HomeTrends
Datamation Staff
By Datamation Staff

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.

Previous article
Time Magazine Readers Name Anonymous ‘Most Influential Person’
Next article
How Microsoft Office Tops LibreOffice: 11 Features

Similar articles

Get the Free Newsletter!
Subscribe to Data Insider for top news, trends & analysis
This email address is invalid.
Get the Free Newsletter!
Subscribe to Data Insider for top news, trends & analysis
This email address is invalid.

Latest Articles

Datamation is the leading industry resource for B2B data professionals and technology buyers. Datamation’s focus is on providing insight into the latest trends and innovation in AI, data security, big data, and more, along with in-depth product recommendations and comparisons. More than 1.7M users gain insight and guidance from Datamation every year.

Advertisers

Advertise with TechnologyAdvice on Datamation and our other data and technology-focused platforms.

Advertise with Us

Menu

Our Brands

Property of TechnologyAdvice.
© 2023 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.