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Why Tableau Software Has Risen in the Past Month

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Stock rises on impressive results

US-based (SPY) tech (QQQ) firm Tableau Software (DATA) has risen 22.8% in the trailing-one-month period. Tableau reported its 4Q16 results earlier this month and declared revenue of $250.7 million, a rise of 24% YoY (year-over-year). License revenue in 4Q16 rose 14% YoY to $152.2 million compared to $133.1 million in 4Q15. Maintenance and services revenue also rose 41% YoY to $98.4 million in 4Q16 compared to $69.6 million in 4Q15.

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Adam Selipsky, president and CEO of Tableau, stated, “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.”

Non-GAAP (generally accepted accounting principles) net income in 4Q16 was $20.7 million with EPS (earnings per share) of $0.26 compared to net income of $26 million and EPS of $0.33 in 4Q15.

Revenue rises in 2016 as well

Tableau’s revenue rose 27% YoY in 2016 to $826 million compared to $653.6 million in 2015. License revenue rose $145 million YoY to $481.7 million, whereas maintenance and services revenue rose 50% YoY to $345.3 million in 2016. As seen in the above chart, analysts expect Tableau’s revenue to rise 17% YoY in 1Q17, 7.6% YoY in 2Q17, 6.8% YoY in 2017, and 8.1% YoY in 2018.

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