Tableau reports mixed Q1 results

The data visualization company fell short on revenue but reported strong momentum in subscription revenue.
Written by Stephanie Condon, Senior Writer

Tableau published its first quarter financial report on Thursday, beating market earnings expectations but falling short on revenue.

The company reported diluted non-GAAP net income per share of 2 cents on revenue of $282.5 million, up 15 percent year-over-year.

Analysts were expecting a net loss of 1 cent per share on revenue of $286.82 million.

Tableau's annual recurring revenue came to $902 million, up 41 percent year-over-year. Subscription annual recurring revenue was $510.1 million, up 115 percent year-over-year.

"We are seeing more and more customers cultivate a data-driven culture in their organizations due to the ease of use and flexibility of Tableau's end-to-end analytics platform," CEO Adam Selipsky said in a statement.

In the first quarter, the company repurchased 34,986 shares of its outstanding Class A common stock for a total of $4.3 million and was authorized to repurchase a remaining $275.7 million under a previously authorized repurchase program.

Highlights of the quarter include the release of Tableau 2019.1, which includes Ask Data, a natural language processing tool that enables customers to ask questions about their data in plain language. Tableau also expanded its data preparation capabilities with the release of Tableau Prep Conductor.

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