Tableau Software Inc. just released its fourth quarter fiscal 2016 financial results, posting earnings of a loss of 28 cents per share and revenues of $250 million. Currently, DATA is a #3 (Hold) on the Zacks Rank, and is soaring 12% to $53.98 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company posted earnings of a loss of 28 cents per share, surpassing the Zacks Consensus Estimate of a loss of 37 cents per share.
Beat revenue estimates. The company saw revenue figures of $250 million, also topping our consensus estimate of $230 million and gaining 24% year-over-year.
License revenue grew to $152.2 million for the quarter, up 14% year-over-year.
Tableau added over 4,000 new customer accounts, and closed 589 transactions greater than $100,000, up 42% year-over-year.
"Our performance this quarter demonstrates Tableau's continued commitment to innovation and our relentless customer focus," said Adam Selipsky, President and Chief Executive Officer of Tableau. "We are seeing strong demand from enterprises that want to deploy Tableau more broadly across their organization, from thousands to tens of thousands of users.”
Here’s a graph that looks at Tableau Software’s price, consensus, and EPS surprise:
Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company's product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington.
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Tableau (DATA) Surges on Q4 Earnings Beat, License Revenue Up 14%
Tableau Software Inc. just released its fourth quarter fiscal 2016 financial results, posting earnings of a loss of 28 cents per share and revenues of $250 million. Currently, DATA is a #3 (Hold) on the Zacks Rank, and is soaring 12% to $53.98 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company posted earnings of a loss of 28 cents per share, surpassing the Zacks Consensus Estimate of a loss of 37 cents per share.
Beat revenue estimates. The company saw revenue figures of $250 million, also topping our consensus estimate of $230 million and gaining 24% year-over-year.
License revenue grew to $152.2 million for the quarter, up 14% year-over-year.
Tableau added over 4,000 new customer accounts, and closed 589 transactions greater than $100,000, up 42% year-over-year.
"Our performance this quarter demonstrates Tableau's continued commitment to innovation and our relentless customer focus," said Adam Selipsky, President and Chief Executive Officer of Tableau. "We are seeing strong demand from enterprises that want to deploy Tableau more broadly across their organization, from thousands to tens of thousands of users.”
Here’s a graph that looks at Tableau Software’s price, consensus, and EPS surprise:
Tableau Software, Inc. Price, Consensus and EPS Surprise
Tableau Software, Inc. Price, Consensus and EPS Surprise | Tableau Software, Inc. Quote
Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company's product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington.
Long-Term Buys You Won't See in the News
The stocks you see in today's headlines may not be in the news tomorrow or next week. If you're looking for profitable long-term investments, you may be interested to see what Zacks Research is recommending to our private members. These moves have double and triple-digit profit potential. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this exclusive information? Click here>>