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Tableau Software (DATA) Misses Q1 Earnings and Revenue Estimates

Ryan McQueeney

Tableau Software, Inc. (DATA) just released its first-quarter financial results, posting an adjusted loss of 67 cents per share and revenues of $199.9 million.

Currently, DATA is a Zacks Rank #3 (Hold), but this ranking could change based on today’s results. The stock is down 1.26% to $54.01 per share in trading shortly after its earnings report was released.

Tableau:

Missed earnings estimates. The company posted earnings of -$0.67 per share (excluding 4 cents from non-recurring items), beating the Zacks Consensus Estimate of -$0.51.

Missed revenue estimates. The company saw revenue figures of $199.9 million, missing our consensus estimate of $201 million.

Ratable license books were 26% of the company’s total license bookings, up from 12% in the prior-year quarter. The company said it closed 294 transactions greater than $100,000, up 10% year over year.

Tableau added more than 3,300 customer accounts in the quarter. The company now has 57,000+ customer accounts.

"Customers enthusiastically embraced our subscription licensing offerings in Q1, as reflected in our 26% ratable license bookings mix," said CEO Adam Selipsky. "Subscription reduces risk for our customers, lowers their upfront investment and we expect will lead to higher demand for Tableau over time.”

Here’s a graph that looks at Tableau’s earnings performance history:

Tableau Software, Inc. Price, Consensus and EPS Surprise

Tableau Software, Inc. Price, Consensus and EPS Surprise | Tableau Software, Inc. Quote

Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company's product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington.

Check back later for our full analysis on DATA’s earnings report!

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