logo
Share SHARE
FONT-SIZE Plus   Neg

Correction: Qlik Technologies Loss Widens; Lifts FY13 Outlook

Qlik Technologies Inc. (QLIK) 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
Concept drawings for a giant U-shaped skyscraper in the New York City were released this week, which is deemed to be the longest building in the world. The concept, which is called Big Bend, would be a skinny, curved structure. The glass-lined tower would be in the shape of an upside U and will be running 4,000-feet-long from end to end on Billionaire's Row. Alaska Air Group Inc., which completed its $2.6 billion acquisition of Virgin America last year, said that the combined company will adopt Alaska Air's name and logo. The Virgin America name will be retired, "likely sometime in 2019," the airline added. Apple Inc. has agreed to acquire Workflow, an iOS app for automating tasks, as well as its development team for an undisclosed sum. Workflow is a personal automation tool that enables the user to drag and drop combination of actions to create workflows for the iPhone, iPad and Apple Watch.
comments powered by Disqus
Follow RTT