Splunk Enjoys Strong Customer Growth

Splunk (SPLK) has maintained strong customer growth, driven by higher IT (information technology) spending and data proliferation buoyed by increased demand for machine learning across different industries. The company’s strategic alliances with Amazon (AMZN) Web Services and Accenture (ACN) may continue to support the company’s customer growth. In the last five years, Splunk has added 10,200 new customers to its account at an average of ~2,040 clients per year.