QlikTech CEO: New Platform Poised to Deliver 2014 Profits

April 25, 2014

Qlik Technologies slightly missed Wall Street's revenue forecast in its Q1 earnings report ($111M vs. $113M est.), but the company is looking ahead to selling its new product "Qlikview.Next" as opposed to looking backward, says the company's CEO Lars Bjork. Qlik Tech offered in-line 2014 revenue guidance of $545-$555M because Bjork will not know how much his new product will add to the top line until later this year. That said, Bjork is optimistic because “Qlikview.Next” has already been widely accepted by existing customers.