Qlik Technologies Inc. Announces 120% Increase In Q3 Profit

(RTTNews) - Qlik Technologies Inc. (QLIK) reported a profit for its third quarter that climbed from last year.

The company said its bottom line came in at $1.45 million, or $0.02 per share. This was up from $0.66 million, or $0.01 per share, in last year's third quarter.

Analysts had expected the company to earn $0.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.5% to $141.17 million. This was up from $131.28 million last year.

Qlik Technologies Inc. earnings at a glance:

-Earnings (Q3): $1.45 Mln. vs. $0.66 Mln. last year. -Earnings Growth (Y-o-Y): 119.7% -EPS (Q3): $0.02 vs. $0.01 last year. -EPS Growth (Y-o-Y): 100% -Analysts Estimate: $0.02 -Revenue (Q3): $141.17 Mln vs. $131.28 Mln last year. -Revenue Change (Y-o-Y): 7.5%

-Guidance: Next quarter EPS guidance: $0.36 - $0.39 Next quarter revenue guidance: $206 - $211 Mln Full year EPS guidance: $0.29 - $0.31 Full year revenue guidance: $613 - $618 Mln