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
The International Monetary Fund said strong mutual policy action is needed to lift growth, as transition in China and lower commodity prices pose downside risks to global economic outlook. "Risks are tilted to the downside, and a simultaneous realization of some of these risks would imply a much weaker outlook," the lender said in a note prepared ahead of the G-20 finance ministers meeting. Following the sell-off seen in the previous session, stocks showed a strong move back to the upside during trading on Wednesday. The markets benefited from a positive reaction to the latest batch of economic news. Frontier Airlines has crashed its own website after offering $1 fares from select U.S. markets.
comments powered by Disqus
RELATED NEWS
Trade QLIK now with 
Follow RTT