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The Cloud Remains Key for Splunk’s Software Business

The Cloud Remains Key for Splunk’s Software Business

Splunk’s (SPLK) software business has maintained strong growth momentum, driven by demand for better data insights across the industry. Splunk, which is offering its software licenses in the cloud, has formed a strategic alliance with cloud leader Amazon Web Services (AMZN) to boost software sales. The company’s strong product portfolio targeting enterprises of all sizes is also contributing to its software business.