Tableau Q3 revenue rockets up 64pc, earnings double estimates

6 Nov 201510 Shares

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Tableau’s recently released Q3 financials show a remarkable 64pc rise in revenues year-on-year, with $170m well up on predictions, and adjusted earnings of 14 cent per share double that of analysts’ pre-release guesses.

International revenue at Tableau rose by even more, up 75pc to $42m, with operating cash flow for the first three-quarters now at $83.2m, with an $82.3m stock-based compensation driving this.

“I’m very pleased with Tableau’s performance this quarter,” said Christian Chabot, CEO of the company.

“We continue to demonstrate solid business growth as more customers embrace the Tableau way of analytics with great enthusiasm and success.”

“As a result, we had another record quarter of new customer wins. More than 3,100 new customer accounts were added in Q3, bringing the total to more than 35,000 worldwide.”

The company predict even higher revenues in Q4, aiming for up to $200m, which itself will be 40pc up on last year. Full-year revenues are forecasted at around $650m, 57.5pc up on last year.

“We remain focused on product innovation and advancing our platform to bring even more value to our growing customer base.”

Chart image via Shutterstock

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Gordon Hunt is a journalist at Siliconrepublic.com

editorial@siliconrepublic.com