Tableau sees some softness in spending amid strong Q4

Tableau said it saw some sales softness in the fourth quarter, which was better than expected. New Relic and MobileIron also reported.

Tableau delivered a solid fourth quarter, but cut its outlook for the first quarter and 2016 because it was seeing softer demand in North America.

The company reported a fourth quarter net loss of $41.3 million, or 57 cents a share, on revenue of $202.8 million, up 42 percent from a year ago. Tableau's non-GAAP earnings were 33 cents a share.

Wall Street was looking for earnings of 16 cents a share on revenue of $200.8 million. Shares in afterhours trading were down about 40 percent. Tableau didn't provide an outlook with its statement.

For the year, Tableau reported a net loss of $83.7 million, or $1.17 a share, on revenue of $653.6 million, up 58 percent from a year ago. Non-GAAP earnings were 62 cents a share. On a conference call, Tableau executives said they were seeing a slowdown in adoption.

"Despite our strong metrics, we saw some softness in spending especially in North America. We did see our customers continue to expand their use of Tableau in the organizations but not at the same cadence we historically experienced," said CFO Tom Walker.

For the first quarter, Tableau projected revenue of $160 million to $165 million with a non-GAAP loss between 8 cents a share and 12 cents a share. Wall Street was expecting a non-GAAP profit of 5 cents a share on revenue of $179.5 million.

For 2016, Tableau projected revenue between $830 million to $850 million with non-GAAP earnings of 22 cents a share to 35 cents a share. Wall Street was expecting non-GAAP earnings of 61 cents a share on sales of $871 million.

New Relic reported a fiscal third quarter net loss of $18.2 million, or 37 cents a share, on revenue of $47.7 million, up 64 percent from a year ago. The non-GAAP loss was 22 cents a share.

Wall Street was looking for a non-GAAP loss of 29 cents a share on revenue of $45.8 million.

As for the outlook, New Relic projected a non-GAAP fourth quarter loss between 23 cents a share and 25 cents a share on revenue between $49.8 million and $50.8 million. Wall Street was expecting a loss of 24 cents a share on revenue of $48.88 million.

MobileIron reported a fourth quarter loss of $14.4 million, or 18 cents a share, on revenue of $43.05 million. The non-GAAP fourth quarter loss was 7 cents a share.

Wall Street was looking for a fourth quarter non-GAAP loss of 13 cents a share on revenue of $42 million.

For 2015, MobileIron reported a net loss of $1.07 a share on revenue of $149.3 million, up 13 percent from a year ago.

MobileIron projected first quarter revenue between $38 million and $40 million. For 2016, MobileIron sees revenue between $160 million and $180 million. That outlook was roughly in line with expectations.

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