Splunk experienced a sales slowdown amid the COVID-19 pandemic, with revenue in the fiscal year ended Jan. “We are fortunate to have a leader of Graham’s caliber to help ensure Splunk continues executing its strategy and creatin value for our stockholders.” “As a long-tenured director with significant experience in scaling cloud businesses, Graham has the expertise and acumen to lead Splunk as we conduct a search for the company’s next CEO,” Newberry said in a statement. As interim CEO, Splunk said Smith will focus on investments and priorities that ensure continued customer and cloud transformation success. Smith has server as a member of Splunk’s board since 2011, was promoted to chair in 2019, and will retain his chair responsibilities while serving as interim CEO, with ex-Lam Research CEO Steve Newberry becoming Splunk’s new lead independent director. “That said, we do not think the news this morning is overly surprising given the multiple business model changes at SPLK over the last 2+ years and the recent (June ’21) investment by PE firm Silver Lake.” “We think the CEO transition will likely pressure shares near term as the headline of an interim CEO … adds a new layer of uncertainty to the story,” BTIG analysts wrote in a report issued Monday. That beat analyst firm BTIG’s quarterly revenue projection of $640 million. The company also stated preliminary third quarter results Monday, with year-over-year revenue projected to increase 19 percent to $660 million. Splunk’s stock plummeted $31.83 (18.97 percent) to $136.08 per share in trading Monday afternoon, which is the lowest the company’s stock has traded since July 19. “In particular, the Board is focused on identifying a leader with a proven track record of scaling operations and growing multi-billion dollar enterprises.” “As the Board and I considered how to best position Splunk for long-term success and continued growth, we determined now is the right time to transition to our next phase of leadership,” Merritt said in a statement. Merritt joined Splunk in 2014 as senior vice president of field operations, was promoted to CEO 19 months later, and will remain in an advisory role to ensure a smooth transition. The San Francisco-based vendor tapped longtime Salesforce CFO and current Splunk board chairman Graham Smith to serve as the company’s interim CEO as the board begins its search for Splunk’s next permanent chief executive. This parameter supports prefix patterns with substitutions.Doug Merritt resigned Monday as Splunk’s president and CEO effective immediately less than five months after Silver Lake invested $1 billion into the data platform giant. prefix Syntax: string Description: The prefix to use in the object keys of the generated Amazon S3 objects. If you activate your pipeline before creating the bucket specified in the bucket argument, or specify a bucket that has a period ( . ) in its name, the pipeline fails to send data to Amazon S3 and restarts indefinitely. Make sure that the destination bucket exists in your Amazon S3 instance, and that the bucket name doesn't include any periods ( . ). Example in Canvas View: my-amazon-s3-connection bucket Syntax: string Description: The name of the destination bucket in Amazon S3. Required arguments connection_id Syntax: string Description: The Amazon S3 connection ID. If you activate your pipeline before creating the bucket specified in the bucket argument, or specify a bucket that has a period ( . ) in its name, the pipeline fails to send data to Amazon S3 and restarts indefinitely.įunction input schema collection> This function takes in collections of records with schema R. For information about creating a bucket, search for "How do I create an S3 Bucket?" in the Amazon Simple Storage Service Console User Guide. Don't include any periods ( . ) in the bucket name.
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