"Splunk is doing well, fueled by the need of enterprises to make sense, control and predict the state of things and machines," said Holger Mueller, principal analyst and vice president of Constellation Research Inc. "All eyes are now on the new products, where Splunk is betting on becoming more relevant to the enterprise beyond its strong position with IT. Future quarters will show how successful these products are, or maybe Splunk will break out revenue for these new offerings."