Splunk Inc (Splunk) provides a cloud and software services. The company’s product portfolio includes the Splunk Platform, Splunk Observability, Splunk Security and Customer and Partner Solutions. Its solutions find application in the areas of aerospace and defense, communications, energy and utilities, financial services, healthcare, and education, manufacturing, retail and public sectors.

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The company’s R&D arm focuses on development of new end market specific solutions and apps, conduction of software and quality assurance testing and improvement of existing products and solutions. The company also focuses on cloud services offerings to provide the optimized delivery model. In FY2023, the company incurred expense of US$997.1 million on R&D, which as a percentage of revenue, stood at 27.2%.