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February 2, 2017

Tableau Reports Fourth Quarter and Full Year 2016 Financial Results

Feb. 2 — Tableau Software, Inc. (NYSE: DATA) today reported results for its fourth quarter and full year ended December 31, 2016.

Fourth Quarter 2016 Financial Results:

  • Total revenue grew to $250.7 million, up 24% year over year.
  • License revenue grew to $152.2 million, up 14% year over year.
  • Added more than 4,000 new customer accounts.
  • Closed 589 transactions greater than $100,000, up 42% year over year.
  • Diluted GAAP net loss per share was $0.28; diluted non-GAAP net income per share was $0.26.
  • Repurchased 446,517 shares of outstanding Class A common stock for $20.0 million.

Full Year 2016 Financial Results:

  • Total revenue grew to $826.9 million, up 27% year over year.
  • License revenue grew to $481.7 million, up 14% year over year.
  • Added more than 15,000 new customer accounts.
  • Closed 1,549 transactions greater than $100,000, up 30% year over year.
  • Diluted GAAP net loss per share was $1.92; diluted non-GAAP net income per share was $0.43.

“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. Our enterprise customers are making Tableau a mission-critical platform as data becomes more and more essential to their success.”

Financial Results for the Fourth Quarter Ended December 31, 2016

Total revenue increased 24% to $250.7 million, up from $202.8 million in the fourth quarter of 2015. License revenue increased 14% to $152.2 million, up from $133.1 million in the fourth quarter of 2015. Maintenance and services revenue increased 41% to $98.4 million, up from $69.6 million in the fourth quarter of 2015.

GAAP operating loss for the fourth quarter of 2016 was $16.9 million, compared to a GAAP operating loss of $7.1 million for the fourth quarter of 2015. GAAP net loss for the fourth quarter of 2016 was $21.1 million, or $0.28 per diluted common share, compared to a GAAP net loss of $41.3 million, or $0.57 per diluted common share, for the fourth quarter of 2015.

Non-GAAP operating income, which excludes stock-based compensation expense and expense related to amortization of acquired intangible assets, was $30.9 million for the fourth quarter of 2016, compared to a non-GAAP operating income of $30.1 million for the fourth quarter of 2015. Non-GAAP net income, which excludes stock-based compensation expense, expense related to amortization of acquired intangible assets and non-GAAP income tax adjustments, was $20.7 million for the fourth quarter of 2016, or $0.26 per diluted common share, compared to a non-GAAP net income of $26.0 million, or $0.33 per diluted common share, for the fourth quarter of 2015.

During the fourth quarter ended December 31, 2016, Tableau repurchased 446,517 shares of the Company’s outstanding Class A common stock for a total of $20.0 million. As of December 31, 2016, the Company was authorized to repurchase a remaining $180.0 million of its Class A common stock under the previously authorized repurchase program.

Financial Results for the Full Year Ended December 31, 2016

Total revenue increased 27% to $826.9 million, up from $653.6 million in 2015. License revenue increased 14% to $481.7 million, up from $423.8 million in 2015. Maintenance and services revenue increased 50% to $345.3 million, up from $229.8 million in 2015.

GAAP operating loss for 2016 was $139.6 million, compared to a GAAP operating loss of $52.0 million for 2015. GAAP net loss for 2016 was $144.4 million, or $1.92 per diluted common share, compared to a GAAP net loss of $83.7 million, or $1.17 per diluted common share, for 2015.

Non-GAAP operating income, which excludes stock-based compensation expense and expense related to amortization of acquired intangible assets, was $46.5 million for 2016, compared to a non-GAAP operating income of $67.4 million for 2015. Non-GAAP net income, which excludes stock-based compensation expense, expense related to amortization of acquired intangible assets and non-GAAP income tax adjustments, was $34.0 million for 2016, or $0.43 per diluted common share, compared to a non-GAAP net income of $48.1 million, or $0.62 per diluted common share, for 2015.

Recent Business Highlights

  • Delivered new data connectors including JSON, Anaplan, Eloqua and Marketo.
  • Announced that Tableau’s software-as-a-service (“SaaS”) product, Tableau Online, is now available to deploy via Amazon Web Services (“AWS”)
  • More than 13,000 customers and partners attended Tableau’s sold out customer conference in November.
  • Appointed Hilarie Koplow-McAdams to Tableau’s Board of Directors.
  • Appointed Dan Miller as Executive Vice President, Worldwide Field Sales, Services and Support.

About Tableau

Tableau (NYSE: DATA) helps people see and understand data. Tableau helps anyone quickly analyze, visualize and share information. More than 54,000 customer accounts get rapid results with Tableau in the office and on-the-go. Hundreds of thousands of people have used 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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