Fusion Research
Research analyst, oil & gas, tech, mid-cap

Qlik Technologies: Why You Should Hold This Stock

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 a...

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