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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

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