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May 6, 2016

Tableau Reports First Quarter 2016 Financial Results

May 6 — Tableau Software, Inc. (NYSE: DATA) has reported results for its first quarter ended March 31, 2016.

Total revenue grew to $171.7 million, up 32% year over year.

  • License revenue grew to $96.4 million, up 14% year over year.
  • International revenue grew to $48.1 million, up 52% year over year.
  • Added more than 3,500 new customer accounts.
  • Closed 268 transactions greater than $100,000, up 8% year over year.
  • Diluted GAAP net loss per share was $0.62; diluted non-GAAP net income per share was $0.00.

“Tableau’s ability to deliver great value to customers resulted in a really strong quarter for new customer growth. In Q1, we added more than 3,500 new customer accounts, the second highest quarterly addition in our history,” said Christian Chabot, Chief Executive Officer of Tableau. “Customers are turning to Tableau for fast, agile, visual analytics that provide people with the ability to ask and answer their own questions, while providing IT with the governance, performance, security and reliability they require.”

Financial Results

Total revenue increased 32% to $171.7 million, up from $130.1 million in the first quarter of 2015. License revenue increased 14% to $96.4 million, up from $84.4 million in the first quarter of 2015. International revenue grew to $48.1 million, up 52% from $31.7 million in the first quarter of 2015.

GAAP operating loss for the first quarter of 2016 was $46.4 million, compared to a GAAP operating loss of $13.8 million for the first quarter of 2015. GAAP net loss for the first quarter of 2016 was $45.6 million, or $0.62 per diluted common share, compared to a GAAP net loss of $10.0 million, or $0.14 per diluted common share, for the first quarter of 2015.

Non-GAAP operating loss, which excludes stock-based compensation expense and expense related to amortization of acquired intangible assets, was $1.2 million for the first quarter of 2016, compared to a non-GAAP operating income of $8.4 million for the first quarter of 2015. Non-GAAP net income, which excludes stock-based compensation expense, expense related to amortization of acquired intangible assets and related income tax adjustments, was $0.4 million for the first quarter of 2016, or $0.00 per diluted common share, compared to a non-GAAP net income of $5.8 million, or $0.08 per diluted common share, for the first quarter of 2015.

Highlights

During the quarter, Tableau 9.3 was launched, bringing faster data analysis, sharing and collaboration to its suite of products. New features include the new “always connected” Tableau Desktop, improved global map coverage, faster ways to prepare data for analysis, more governance features and easier administration. In addition, Tableau announced a direct, live connection to the Snowflake Elastic Data Warehouse, a cloud data warehouse.

Also during the quarter, Tableau announced the acquisition of HyPer, a high-performance main-memory database system initially developed as a research project at the Technical University of Munich (TUM). HyPer’s main-memory database system is being integrated into Tableau’s product lines to provider faster data analysis, enhanced data integration, transformation and data blending, richer analytics and expanded support for big data. Tableau also announced the opening of a development office in Munich to leverage the talent from TUM to drive further innovation for Tableau.

In other news:

  • Tableau announced a new technology agreement with leading electronic medical records (EMR) provider Epic to empower healthcare professionals to transform clinical data into actionable performance improvements using Tableau.
  • The Tableau Europe, Middle-East and Africa (EMEA) partner award winners were announced in recognition of excellent performance and contributions to Tableau’s business growth. Awards were given to Javelin Group, Sotec Software Entwincklungs GmbH, Biztory, Accenture, System Mechanics, InterWorks Europe, SoftCat and The Information Lab.

About Tableau

Tableau (NYSE: DATA) helps people see and understand data. Tableau helps anyone quickly analyze, visualize and share information. More than 42,000 customer accounts get rapid results with Tableau in the office and on-the-go. Over 175,000 people use Tableau Public to share data in their blogs and websites. See how Tableau can help you by downloading the free trial at www.tableau.com/trial.


Source: Tableau

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