Tableau reports mixed Q1 results
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.