Splunk Inc.'s (SPLK) Q1 2023 Earnings Call Transcript

For the period ending April 30, 2022

May 25, 2022 4:30 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Thank you for standing by, and welcome to Splunk's First Quarter 2023 Financial Results Conference Call. At this time, all participants are in listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] As a reminder, today's program is being recorded.

I would now like to introduce your host for today's program, Ken Tinsley, Corporate Treasurer and Vice President of Investor Relations. Please go ahead, sir.

Ken Tinsley

Thank you, operator, and good afternoon. With me on the call today are Gary Steele and Jason Child.

After market closed today, we issued our earnings press release, which is posted on our Investor Relations website, along with supplemental material. This conference call is being broadcast live via webcast, and following the call, an audio replay will be available on our website.

On today's call, we will be making forward-looking statements, including financial guidance and expectations, including our forecast for our second quarter and full year fiscal 2023 and our expectations of revenues, renewals, operating margin, operating cash flow and rule of 40 scale, as well as trends in our markets and business, our strategies and our expectations regarding our business, products, technology, customers, demand and markets. These statements are subject to risks and uncertainties and based on our assumptions as to the macroeconomic environment and reflect our best judgment based on factors currently known to us. Actual events or results may differ materially.

Please refer to documents we file with the SEC, including the 8-K filed with today's press release. Those documents contain risks and other factors that may cause our actual results to differ from those contained in our forward-looking statements. These forward-looking statements are being made as of today, and we disclaim any obligation to update or revise these statements. If this call is reviewed after today, the information presented during this call may not contain current or accurate information.

We will also discuss non-GAAP financial measures, which are not prepared in accordance with Generally Accepted Accounting Principles. A reconciliation of GAAP and non-GAAP results is provided in the press release and on our website.

So with that, let me turn it over to Gary.

Gary Steele

Good afternoon. I'm thrilled to join my first Splunk earnings call, reconnect with many of you and talk with those of you I haven't met yet. It's been an amazing six weeks for me as I rapidly come up to speed on the business and the opportunities in front of us.