- Tableau (NYSE:DATA) guided on its earnings call for 2016 revenue of $835M-$855M and EPS of $0.41-$0.61. That's up from prior guidance of $830M-$850M and $0.22-$0.35, and compares with a consensus of $840.3M and $0.34.
- Q2 guidance is for revenue of $190M-$195M and EPS of $0.02-$0.06 vs. a consensus of $192.7M and $0.02.
- Shares are still down 6.8% after hours to $47.53, thanks to Tableau's license growth slowdown - license revenue (drives future services revenue) rose 14% Y/Y in Q1, a much slower pace than Q4's 31% and Q3's 57%. The Q4 figure, along with the guidance provided when it was reported, led Tableau to plunge in February. Concerns about competition in the next-gen business intelligence/analytics software space, particularly from Microsoft's revamped Power BI platform, have often been aired in recent months.
- Tableau's Q1 beat, Q1 details
- Update: Boosting Tableau's EPS guidance: The company has cut its 2016 hiring plans by 50%, after originally planning to hire 1,000 employees this year. Tableau also says it wants to hire a President focused on go-to-market activities by year's end.