Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Tableau Software Q3 Profit Rises, Tops View: Shares Up 8%

RELATED NEWS
Trade DATA now with 

Business analytics software provider Tableau Software, Inc. (DATA: Quote) reported Monday a profit for the third quarter that increased from last year, reflecting a near three-digit revenue growth. Adjusted earnings per share for the quarter also topped analysts' expectations.

"Tableau delivered an exceptional quarter across all fronts. We're excited about the momentum we're seeing in the market and look forward to extending our market leadership," President and CEO Christian Chabot said in a statement.

The Seattle, Washington-based company reported net income of $2.44 million or $0.03 per share for the third quarter, compared to $0.37 million or breakeven per share in the prior-year quarter.

Excluding stock-based compensation expense, adjusted net income for the latest quarter was $5.55 million or $0.08 per share, compared to $1.42 million or $0.03 per share in the year-ago quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report a loss of $0.09 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter nearly doubled to $61.08 million from $32.13 million in the same quarter last year.

License revenues nearly doubled to to $42.0 million, and maintenance and service revenues also nearly doubled to $19.1 million from the year-ago quarter.

Separately, the company revealed in a regulatory filing that certain stockholders intend to raise up to $450 million in a secondary offering of its common stock. The company said in the Form S-1 filed with the U.S. Securities and Exchange Commission that it will not receive any of the proceeds from the sale of shares to be offered by the selling stockholders.

The company said it is an "emerging growth company" as that term is used in the Jumpstart Our Business Startups Act of 2012 and, as such, have elected to comply with certain reduced public company reporting requirements.

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead joint book-running managers for the offering. Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC are acting as book-running managers. UBS Securities LLC is acting as lead manager, and JMP Securities LLC and Pacific Crest Securities LLC are acting as co-managers.

DATA closed Monday's regular trading session at $63.21, down $0.45 or 0.71% on a volume of 0.67 million shares. However, the stock surged $5.28 or 8.35% in after-hours trading.

Register
To receive FREE breaking news email alerts for Tableau Software Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
South Korea announced a $11.4 billion stimulus plan to stimulate the economy, which logged its slowest growth in more than a year on weak private spending. The finance ministry announced policy financing support for small businesses and to boost household income. The ministry increased the lending ceiling for businesses to $15 billion from $10 billion. European stocks are seen flat to slightly lower on Thursday amid a lack of cues to sustain two days of gains. Geopolitical concerns remain and the earnings season is picking up pace, rendering investor mood cautious. In economic releases, investors eye PMI reports from major European economies and... Social networking giant Facebook, Inc. said Wednesday after the markets closed that its second quarter profit more than doubled from last year, as revenue surged 61% amid strong growth in mobile advertising. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.