Tableau's Q2: Data discovery darling beats estimates, revenue up 82 percent

Summary:Tableau's business intelligence and data discovery platform made significant sales gains for the quarter, with more than 2,200 new customer accounts added.

Business intelligence and analytics player Tableau Software delivered strong second quarter earnings results Thursday after the bell.

The company reported a second quarter net loss of $4.1 million, or 7 cents a share, on revenue of $90.7 million. That's an 82 percent increase year-over-year. The non-GAAP net loss was 5 cents a share (statement).

Wall Street was expecting a loss of 4 cents a share on revenue of $79 million.

Tableau attributes its fifth consecutive quarter of positive earnings to several factors, including the launch of Tableau 8.2 — which brought support for Apple's Mac OS X — and the closing of 157 deals worth more than $100,000.

The company also added more than 2,200 new customer accounts in the second quarter and increased its international revenue by a whopping 100 percent from the year prior.

License revenues were also up, reaching $60.4 million, an 80 percent increase over the same period last year.

"We continued our momentum in the second quarter with over 80% revenue growth," said Christian Chabot, CEO and president, in prepared remarks. "With the new Tableau 8.2 release, we brought Tableau to the Mac and enabled our customers to tell stories with data in a new way."

Screen Shot 2014-07-31 at 4.50.12 PM

 Tableau's stock price jumped 3.9 percent in after-hours trading following the strong results.

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Topics: Big Data, Cloud, Enterprise Software

About

Natalie Gagliordi is a staff writer for CBS Interactive based in Louisville, Kentucky, covering business technology for ZDNet. She previously worked as the editor of Kiosk Marketplace, an online B2B trade publication that focused on interactive self-service technology, while also contributing to additional websites that covered retail tec... Full Bio

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