Open source integration software vendor Talend (Nasdaq: TLND) went public last year. Within the year, the company has delivered a strong IPO, constantly trading above its list price, and has attained a Billion Dollar Unicorn status in the public market.
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Talend’s Financials
Talend was founded in 2006 by Bertrand Diard and Fabrice Bonan who wanted to build a system integration solution that could be simple and flexible to deploy. They wanted to build an open source solution for proprietary ETL/data integration tools of the time. Talend initially expanded into close areas to provide a complete data management platform, and then into the application integration space. Within a few years, Talend began to work in the Big Data space. It now supports traditional data use cases and provides advanced integration platform for Big Data.
Talend recently reported its third quarter results. Revenues grew 40% over the year to $38.9 million, versus analyst estimates of $38.4 million. Net losses for the quarter narrowed down to $5.3 million during the quarter from $6.4 million a year ago.
By segment, subscription revenues grew 41% to $33 million. Professional services brought in the remaining $5.9 million in revenues for the quarter.
For the current quarter, Talend forecast revenues of $41-$42 million with non-IFRS loss from operations of $(9.2)-$(8.2) million. The market was looking for revenues of $41.6 million. The company expects to end the year with revenues of $148.1-$149.1 million and non-IFRS loss from operations of $(21.1)-$(20.1) million.
Talend’s Product Expansion
Talend has been focusing on its product and market expansion activities. Recently, it announced the launch of a new European Data Center that will cater to its expansion in the European market. It also introduced a new Data Governance & Compliance solution to help its customers address the European Union’s new General Data Protection Regulation.
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