logo
Share SHARE
FONT-SIZE Plus   Neg

Correction: Qlik Technologies Loss Widens; Lifts FY13 Outlook

Qlik Technologies Inc. (QLIK: Quote) posted first-quarter net loss of $13.2 million or $0.15 per share, wider than the net loss of $7.5 million or $0.09 per share in the year-ago quarter.

Non-GAAP net loss for the first quarter widened to $8.2 million or $0.09 per share from $2.6 million or $0.03 per share in the comparable quarter last year. On average, 19 analysts polled by Thomson Reuters expected the company to report a loss of $0.12 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue rose 22 percent to $96.55 million from $79.16 million last year, while 17 analysts had consensus revenue estimate of $91.26 million for the quarter.

Looking ahead to the second quarter, QlikTech expects non-GAAP results to be between a loss per share of $0.02 and profit per share of $0.00 and total revenue to be in the range of $104.0 million to $108.0 million. Analysts currently expect the company to report second quarter loss per share of $0.02 on revenue of $104.82 million.

QlikTech expects 2013 non-GAAP net income per share to be in the range of $0.41 to $0.44 and total revenue to be in the range of $471.0 million to $481.0 million. Analysts expect the company to report fiscal 2013 profit per share of $0.40 on revenue of $471.90 million.

Earlier, the company expected non-GAAP net income per share to be in the range of $0.39 to $0.42 and total revenue to be in the range of $465.0 million to $475.0 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Online retail giant Amazon.com Inc. (AMZN) is reportedly in talks to buy luxury online fashion retailer Net-a-Porter. The news of acquisition was first reported by Women's Wear Daily, which said the deal would be completed for about 2 billion euros, indicating the biggest acquisition yet by Amazon.... Tim Cook, the CEO of tech giant Apple Inc., in an interview said he intends to give away all his wealth to charity. Cook, in an interview to Fortune, said he plans to donate all his wealth to philanthropic projects after paying for his 10-year old nephew's college education. According to Fortune,... Is it a 'personal life crisis' that led the Germanwings' co-pilot Andreas Lubitz to deliberately lowering the plane carrying 149 people to French Alps mountain? Police is investigating to find evidences to prove this suggestion.
comments powered by Disqus
RELATED NEWS
Trade QLIK now with 
Follow RTT