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Tableau Software’s 4Q15 Revenues and Earnings Beat Estimates

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Revenues rise 42% YoY in 4Q15

On February 4, 2016, Tableau Software (DATA) announced its 4Q15 results. Tableau reported revenues of $202.8 million, a rise of 42% YoY (year-over-year) compared to 4Q14. Its diluted GAAP (generally accepted accounting principles) net loss per share for 4Q15 was $0.57, whereas its non-GAAP EPS (earnings per share) stood at $0.33.

For 2015, shares of Tableau Software rose 58% YoY to $653.6 million. The company’s diluted GAAP net loss per share for 2015 was $1.17, whereas its non-GAAP EPS (earnings per share) stood at $0.62. Analysts expected the company to post earnings of $200.8 million with EPS of $0.16. Tableau Software comfortably beat these estimates due to a one-time valuation allowance.

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International and license revenues

In 4Q15, Tableau’s international revenues grew 63% YoY to $53.7 million, whereas its license revenues grew 31% YoY to $133.1 million. It added more than 3,600 new customer accounts in the last quarter. Tableau closed 414 transactions greater than $100,000, an increase of 36% YoY in 4Q15.

In 2015, Tableau’s international revenues grew 75% YoY to $164.3 million, whereas its license revenues grew 51% YoY to $423.8 million. It also added more than 12,500 new customer accounts in the last year. Tableau closed 1,192 transactions greater than $100,000, an increase of 53% YoY in 2015.

“In Q4, a record 3,600 new customer accounts chose Tableau, bringing our total to more than 39,000 worldwide. This speaks to the immense popularity of Tableau’s products and continued strong demand from customers around the world,” said Christian Chabot, CEO of Tableau. “I remain optimistic that Tableau is best positioned to address the large and growing market opportunity for self-service visual analytics.”

Tableau’s share price fell by 49% to $41.33 on February 5, 2016, on bleak earnings guidance for 2016. Shares of peer companies Splunk (SPLK) and Salesforce (CRM) also fell by 23% and 13%, respectively. Last week, shares of internet giant LinkedIn (LNKD) fell by 47% due to its weak guidance for 2016.

Tableau accounts for 1.1% of the iShares North-American Tech-Software ETF (IGV).

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