Tableau +6.2% AH after guiding above consensus

|About: Tableau Software (DATA)|By:, SA News Editor

Tableau (DATA) guides on its Q1 CC for Q2 revenue of $75M-$80M, above a $72.6M consensus. Full-year guidance has been raised to $340M-$350M from $320M-$325M; the consensus is at $329M.

After getting clobbered over the last two months along with other richly-valued enterprise software names, shares are rallying thanks to the guidance and Tableau's solid Q1 numbers.

License revenue (65% of total revenue) rose 83% Y/Y in Q1 vs. 95% in Q4. Over 1,800 new customers were added, even with seasonally strong Q4. 120 $100K+ deals were closed, down from 179 in Q4. 1K+ customers are now using the cloud-based Tableau Online analytics platform.