logo
Share SHARE
FONT-SIZE Plus   Neg

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

Business analytics software provider Tableau Software, Inc. (DATA) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A California man has filed a lawsuit against McDonald's alleging that the fast food giant is defrauding customers by cramming its mozzarella sticks with filler instead of real cheese. Chris Howe is seeking at least $5 million in damages on behalf of consumers in 42 states and the District of Columbia. The... Jeep, the 4x4 vehicles, which has developed a strong bond with its masters, is aggressively on an expansion mode in its 75th anniversary year. Its fans have always been in love with the famous tag "Go Anywhere, Do Anything." Meat products maker Tyson Foods Inc. (TSN) reported a profit for the first-quarter that increased 49% from last year. It raised its profit outlook for fiscal year 2016 ,but it cut its annual sales guidance.
comments powered by Disqus
RELATED NEWS
Trade DATA now with 
Follow RTT