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Tableau (DATA) Soars As Q2 Subscription Revenues Climb

Tableau Software, Inc. DATA justreleased its second-quarter 2017 financial results, posting a loss of $0.54 per share and revenues of $212.9 million. Currently, DATA is a Zacks Rank #3 (Hold) and is up 5.10% to $67 per share in after-hours trading shortly after its earnings report was released.

Tableau:

Missed earnings estimates. The company posted a loss of $0.54 per share, missing the Zacks Consensus Estimate of a loss of $0.49 per share.

Beat revenue estimates. The company saw revenue figures of $212.9 million, topping our consensus estimate of $211 million.

Tableau’s second-quarter revenue jumped 7% year-over-year from $198.5 million. The company posted total annual recurring revenue of $483.6 million, which was up 47% from the year-ago period.

The company posted a second-quarter GAAP operating loss of $44.9 million, down from $46.9 million last year. Tableau’s net loss per diluted common share was also lower year-over-over.

Annual recurring subscription revenue climbed 175% year-over-year to $103.5 million. Ratable license bookings accounted for 37% of total license bookings, compared to 16% last year.

Tableau repurchased $20 million or 319,675 shares of outstanding Class A common stock. The company introduced new subscription pricing for all of its products in April, which helped to reduce initial costs for customers.

"Customers accelerated their adoption of our subscription offerings in Q2, and have embraced subscription even faster than we had projected," President and CEO Adam Selipsky said in statement. "The move to a subscription model represents our ongoing commitment to helping our customers adopt and scale Tableau with greater flexibility and reduced risk."

Here’s a graph that looks at Tableau’s Price, Consensus and EPS Surprise 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 Tableau’s earnings report!

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