Tableau Software (DATA) Misses Earnings, But Revenues Grow 12%

Tableau Software Inc. DATA just released its latest quarterly financial results, posting earnings of a loss of 19 cents per share and revenues of $224 million.

Currently, DATA is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company have gained about 5.5% over the past month, including a 0.55% gain during regular trading hours today.

The stock is currently up over 6% to $90.60 per share in after-hours trading shortly after its earnings report was released.

Tableau:

Missed earnings estimates. The company posted earnings of a loss of 19 cents per share, just missing the Zacks Consensus Estimate of a loss of 18 cents per share.

Beat revenues estimates. The company posted revenues of $224 million, topping our consensus estimate of $217.46 million and growing 12% year-over-year.

Investors should note that Tableau has now accounted the new ASC 606 accounting standard.

At the end of the quarter, total ARR was $641.9 million while subscription ARR was $237.5 million, up 46% and 230% year-over-year, respectively. Additionally, 59% of the company’s overall license bookings is now recognized ratably, which came in above their guided range.

Tableau also added more than 3,900 new customers in Q1, bringing the total customer count to 74,000.

And, the company’s board approved an $300 million share repurchase program under its previously announced program.

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

Tableau Software, Inc. Price, Consensus and EPS Surprise

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

Tableau Software provides 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 is headquartered in Seattle, Washington.

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

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