Tableau Q1 strong as visualization software lures enterprise

Tableau's first quarter came in better than expected as rival Qlik made a bevy of moves recently.
Written by Larry Dignan, Contributor

Tableau reported first quarter results that was well ahead of expectations as the company added 3,500 new customers.

The visualization software company reported a net loss of $45.6 million, or 62 cents a share, on revenue of $171.7 million, up 32 percent from a year ago. On a non-GAAP basis Tableau broke even on a per share basis.

Wall Street was looking for a non-GAAP loss of 10 cents a share on revenue of $164 million.

Tableau said in a statement that it closed 268 transactions more than $100,000. License revenue was up 14 percent compared to a year ago and international sales were $48.1 million, up 52 percent from a year ago.

The results come as rival Qlik also reported strong earnings. Visualization software is turning out to be a hot area for enterprises.

Qlik reported a first quarter loss of $24.8 million, or 29 cents a share, on revenue of $138 million, up 15 percent from a year ago. The non-GAAP loss for Qlik in the first quarter was 9 cents a share.

In addition, Qlik projected second quarter growth of 12 percent to 15 percent as well as 2016 sales between $704 million to $714 million.

Qlik recently acquired data prep firm Industrial Codebox and formed a partnership with Host Analytics. Qlik also rolled out Qlik Sense Enterprise 3.0 and a cloud version.

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