The files get indexed into splunk. Splunk (by default...this is configurable) saves the transformed data to the $SPLUNK_HOME/var/log/splunk directory. You will find the compressed version of your data under a directory within $SPLUNK_HOME/var/log/splunk . The directory should have the same name as your index unless you made that index the default index. The data within the index directory will contain subdirectories organized by age, these are called buckets. Your data will be contained within these buckets.
Thanks. Does that mean, it deletes/renames the original uploaded file? For example, in web I see, 'tutorialdata.zip:./www3/access.log' in the 'source' field. But there is no such file 'tutorialdata.zip' on the server, looks like this is just saved as metadata info. Note that it is a test/all-in-one box (SH, indexer).