Shares of Talend (NASDAQ: TLND) were up 17.4% as of 11:45 a.m. EDT Thursday after the cloud integration solutions specialist announced strong second-quarter 2019 results.
More specifically, Talend's quarterly revenue climbed 21.8% year over year to $60.6 million, translating an adjusted net loss of $6.4 million, or $0.21 per share. Both the top and bottom lines arrived above Talend's own guidance, which called for a per-share loss of $0.35 to $0.31 on revenue of $59.8 million.
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Within Talend's top line, subscriptions revenue jumped 30% at constant currencies to $52.9 million -- driven by revenue from its Talend Cloud platform, which more than doubled on a year-over-year basis for the 12th straight quarter, representing 43% of the company's new annual recurring revenue. Professional services revenue fell half a percent to $7.7 million.
"We are excited about the progress we have made advancing our cloud strategy," added CEO Mike Tuchen. "We are landing cloud customers at an increasing pace and laying a foundation for future growth."
That said, largely due to its quicker-than-expected shift toward recurring sales, Talend also reduced its full-year revenue outlook by $2 million to a range of $246 million to $248 million, while simultaneously increasing its guidance to call for a 2019 adjusted loss of $0.92 to $0.98 per share (compared to a loss of $0.95 to $1.01 per share previously).
You'll be hard-pressed to find any investor willing to complain about the source of that modest 2019 revenue guidance reduction, however. And shares of Talend are responding accordingly today.
This article was originally published on Fool.com