How Different Geographies Contribute to Splunk’s Business

Splunk’s (SPLK) US business has grown solidly over the last five years, at a compound annual rate of 41%, buoyed by robust demand for data services across industries, large contract wins, and higher customer adoption of Splunk products. As shown in the graph above, in fiscal 2018, Splunk’s US revenue rose 29% YoY (year-over-year) to ~$937 million. Strong global IT spending driven by an improving economy and the shift of databases to the cloud boosted Splunk’s international revenue.