Tableau Software (DATA) Shares Soar on Strong Q4 Earnings Results

Tableau Software Inc. DATA just released its fourth quarter fiscal 2017 financial results, posting earnings of 12 cents per share and revenues of $249.4 million. Shares are soaring 14% in trading shortly after as a result.

Currently, DATA is a #3 (Hold) on the Zacks Rank, and earnings estimates have remained stable for the past 60-day time frame.

Tableau:

Beat earnings estimates. The company posted diluted non-GAAP earnings of 12 cents per share, surging past the Zacks Consensus Estimate of 3 cents per share.

Beat revenue estimates. The company saw revenue figures of $249.4 million, beating our consensus estimate of $240.25 million but declining 1% year-over-year.

Tableau said that ratable license bookings were 51% of total license bookings, compared to 20% in the fourth quarter of 2016.

For the full year 2017, subscription annual recurring revenue was $195.5 million, which grew 235% year-over-year.

"Customers continued to embrace our subscription offerings in the fourth quarter with over half of our license bookings now recognized ratably," said Adam Selipsky, President and Chief Executive Officer of Tableau. "With the lower upfront cost and reduced risk that subscription licensing offers to customers, a record number of organizations are turning to Tableau as the mission-critical analytics platform for their data needs."

Here’s a graph that looks at Tableau Software’s price, consensus, and EPS surprise:

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.

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