Seeking Alpha

Tableau +14.2% AH after trouncing estimates on 93% license growth

  • Tableau's (DATA) Q4 revenue and EPS ($81.5M and $0.20) respectively beat consensus forecasts by $14.5M and $0.20. Y/Y revenue growth accelerated to 95% from Q3's 90%.
  • License revenue (71% of total revenue, drives future maintenance revenue) grew 93%, up from Q3's 90%. Maintenance revenue (29% of total) doubled to $23.4M after growing 91% in Q3.
  • The data visualization/analytics upstart added 1,800+ customers and closed 179 $100K+ deals in seasonally strong Q4, up from 1,500+ and 119 in Q3. The company's deferred revenue balance rose 28% Q/Q to $69.2M.
  • Like many fast-growing enterprise software names, Tableau continues to invest aggressively: sales/marketing spend rose 73% Y/Y to $40.1M, and R&D spend 76% to $18.4M.
  • Rival QLIK +1.3% AH. The company reports on Feb. 20. Tableau's license numbers stands in stark contrast to the Y/Y license revenue decline rival Tibco (TIBX) reported for its Spotfire analytics platform for the November quarter.
  • CC at 5PM ET. Q4 results, PR.
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Comments (1)
  • ianwaring
    , contributor
    Comments (37) | Send Message
     
    Beautiful software wins. Well done, Tableau!
    4 Feb 2014, 04:56 PM Reply Like
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