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NetSuite, Juniper, Marketo report solid Q3 results, Qlik stumbles

Qlik results disappoint, but NetSuite, Juniper and Marketo fare well in the third quarter.
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Written by Larry Dignan, Contributing Editor on

Tech earnings were strong overall, but visual analytics player Qlik missed estimates. NetSuite, Juniper and Marketo also reported.

NetSuite reported a third quarter net loss of $37.3 million, or 47 cents a share, on revenue of $192.8 million, up 34 percent from a year ago. On a non-GAAP basis, NetSuite reported a profit of 3 cents a share.

Wall Street was looking for earnings of 2 cents a share on revenue of $193.4 million.

Juniper Networks reported third quarter earnings of $197.7 million, or 51 cents a share, on revenue of $1.25 billion, up 11 percent from a year ago. Non-GAAP earnings for the quarter were 57 cents a share.

The results were better-than-expected.

As for the outlook, Juniper projected revenue of $1.29 billion with non-GAAP earnings of 57 cents a share and 60 cents a share for the fourth quarter.

Qlik, a visual analytics player, reported a third quarter net loss of $16 million, or 17 cents a share, on revenue of $141.2 million, up 8 percent from a year ago. Qlik took a big hit on currency fluctuations. In constant currency, Qlik's revenue would have been up 20 percent from a year ago.

The company reported third quarter non-GAAP earnings of 2 cents a share. Wall Street was looking for earnings of 2 cents a share on revenue of $143.4 million.

As for the outlook, Qlik said sales will be between $206 million to $211 million in the fourth quarter with non-GAAP earnings of 36 cents a share to 39 cents a share. For 2015, Qlik sees revenue between $613 million and $618 million with non-GAAP earnings of 29 cents a share to 31 cents a share.

Marketo reported a third quarter net loss of $18.2 million, or 43 cents a share, on revenue of $54.9 million, up 40 percent from a year ago. Non-GAAP loss for the quarter was 12 cents a share.

Wall Street was looking for a loss of 18 cents a share for the quarter on sales of $54.7 million.

For the fourth quarter, Marketo expects revenue to be between $57.5 million to $58.5 million with a non-GAAP loss of 22 cents a share to 24 cents a share. For 2015, Marketo projected revenue between $209 million and $210 million.

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