![]() And you can instead launch a new application much more quickly with a much lower load on the company and your personnel. And again, cloud is- when you don't have to rack servers, you don't have to hire personnel to actually administer those servers, you don't have to physically expand your data floorspace in the real estate market to get that done. ![]() And so many companies have so far to go to really be digital-first. So I think that the continued online presence will be a strong push for organizations. But a lot of the meetings that I used to travel thousands of miles for can probably be done over Zoom or Teams or any of the other great collaboration products. I can't wait to get back in offices and be face-to-face with folks. I think we've all learned that face-to-face is important. But it feels to me like they accelerated existing trends, a lot of remote everything, telehealth, telework, et cetera.Īnd I don't think that that is going to peel back anytime soon. ![]() How does that business evolve as we start to go back to the office?ĭOUG MERRITT: I think this- when I look at the macro trends with COVID, everyone's throwing darts to see what they think will really happen. So a lot of that understanding of we have the ability, certainly with cloud, to get to consumer-facing or company-wide-facing applications, interfaces much more quickly than we have in the past is a good boost for most of us, as long as we're focused on cloud.īRIAN SOZZI: Your cloud business, that growth rate has accelerated. But it was awesome to see how rapidly they're able to go online and what a big impact that was, certainly for Tesco, but what a big impact it was for the UK citizens as well. So it was part of why we were talking about them. Companies that were able to rapidly pivot- in our earnings report, I talked about Tesco Stores, a very classic UK-based brick and mortar retailer. The consistent tailwinds is we've seen the companies that have pivoted to be digital-first in any industry did super well and. The benefit is in the headwind-tailwind category. Any reasonable CFO, given so much volatility, is going to put an extra two or three cycles on, certainly, any meaningful purchase. But overall, what we have seen, for sure, is a higher level of scrutiny. What are you hearing from CEOs in your circle? Are you still sensing that they're scrutinizing these big dollar tech purchases, even though they are helpful?ĭOUG MERRITT: Again, it really depends on the organization. And when you're seeing revenues under severe pressure and some of these industries, they've got to be thoughtful on how much can they afford to get on tech, even though it's absolutely mission critical for them to get there.īRIAN SOZZI: Doug, these tech purchases, Splunk, you name a lot of your competitors too, they're big dollar purchases. But overall, as we all know, tech is a percentage of revenues. So tech spending and certainly cloud spending has been pretty consistently up over the course of the year. And it really depends on the sector in general because everyone is trying to get to the cloud and trying to get to more of a software footprint, whether it's retail, travel, hospitality, or more classic manufacturing or certainly high-tech industries. We've been talking so much about the transition to a reopening economy, right? How is that playing out for you guys? Are you seeing your clients pull back on spending at all?ĭOUG MERRITT: It's been a mixed year if I go back over the past four quarters. I know you gave that first quarter forecast. And Doug, I'm really curious what your visibility is on enterprise spending this year. He is the Splunk CEO to talk us through some of the numbers. It does not store any personal data.Let's bring in Doug Merritt now. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. ![]() The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.
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