Tableau tops Q4 earnings targets, CFO departing
Tableau on Thursday reported its fourth quarter and year end results that beat market expectations. Tableau shares were up 15 percent during after-market trading.
The Seattle-based data visualization firm reported a net loss of $41.8 million, or 52 cents per share.
Non-GAAP earnings were 12 cents per share on top of $249.4 million in revenue, down 1 percent year over year. Wall Street was expecting 3 cents per share with revenue of $240 million.
Tableau said it had total annual recurring revenue of $596.2 million, up 45 percent year over year. Subscription revenue increased 235 percent to $195.5 million, up from $58.4 million during the same period a year ago.
For its full year, Tableau reported a net loss of $185.6 million, or $2.35 per share. Non-GAAP earnings were 27 cents per share on top of $877.1 million in revenue, up 6 percent over 2016.
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