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Tableau Software Misses Estimates, Growth Still Sluggish

Tableau Software Inc (NYSE: DATA) released its Q2 results after market close on Tuesday. Earnings per share came in below Wall Street consensus expectations.

Tableau Software reported EPS of $0 and revenues of $198.5 million. Analyst consensus had an EPS estimate of $0.05 and revenues of $193.8 million.

The company added 3,900 new customer accounts over the quarter.

Growth is likely to remain sluggish, with intensifying competition and the company facing increasing challenges in up selling within the install base, Summit Redstone's Srini Nandury said in a report. Tableau's disappointing earnings report confirmed Naundry's concerns.

"Overall, we are pleased with our second quarter results as they demonstrate that the move to visual analytics continues to thrive. In Q2, more than 3,900 new customer accounts chose Tableau, the highest quarterly addition in our history, bringing the total to more than 46,000 worldwide," said Christian Chabot, Chief Executive Officer.

At time of writing, Tableau Software traded at $53.20 in Tuesday's after-hours session, down 5.6 percent.

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