Qlik Technologies (QLIK) experienced a drastic change in its business as it started engaging with its clients on a more strategic level. The improving results and large deployments are due to both the expansion of its direct sales force, as well as the company's relationship with its partners and system integrators.
It signed 88 $100,000+ deals in the first quarter this year. Deals of more than $250,000 rose from 25 to 32 in the first quarter this year, on a year-over-year basis. Qlik was also awarded three deals worth more than $1 million compared to only one deal of this magnitude in the first quarter of the previous year. This continued momentum shows the company's expansion from...
Only subscribers can access this article, which is part of the PRO research library covering 3,768 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: