Tableau Software Inc. (DATA – Free Report) released its third quarter fiscal 2016 financial results, posting earnings of a loss of 40 cents per share and revenues of $206.1 million. DATA is a Zacks Rank #4 (Sell), and is down 12.85% to $43.15 per share in after-hours trading shortly after its earnings report was released.
Missed earnings estimates. The company reported earnings of 40 cents per share, missing the Zacks Consensus Estimate of a loss of 35 cents per share.
Missed revenue estimates. The company saw revenue figures of $206.1 million, lagging behind our consensus estimate of $215 million but growing 21% year-over-year.
License revenue increased to $116.7 million, up 7% year-over-year. Maintenance and services revenue increased 46% to $89.4 million, up from $61.4 million in the third quarter of 2015.
Tableau added over 3,600 new customer accounts during Q3, and it closed 360 transactions greater than $100,000, up 22% year-over-year.
“During the third quarter, we generated our highest quarterly revenues and expanded our customer base to over 50,000 customer accounts worldwide. But our results were impacted by extended sales cycles on large deals in the US and softness in EMEA,” said Christian Chabot, Chairman and Co-Founder of Tableau.
Here’s a graph that looks at Tableau Software’s price, consensus, and EPS surprise:
TABLEAU SOFTWAR Price, Consensus and EPS Surprise
TABLEAU SOFTWAR Price, Consensus and EPS Surprise | TABLEAU SOFTWAR 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.
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