How Splunk’s Different Segments Contribute to Its Business

Splunk’s (SPLK) license segment, which contributes more than 50% of its total business, has seen strong growth thanks to the company’s ability to rapidly provide insights into collected data sets, strong product portfolio, and innovative product launches. In the last five years, Splunk’s license business has grown at a compound annual rate of 37%. The graph above shows how Splunk’s license segment and maintenance and service segment revenue has grown by double digits.