Qlik Technologies Q4 Profit Declines; Issues Q1, FY14 Outlook - Quick Facts

(RTTNews) - Qlik Technologies, Inc. (QLIK) Thursday reported fourth-quarter profit of $8.3 million or $0.09 per share, compared to $13.3 million or $0.15 per share in the comparable quarter last year.

Adjusted earnings for the quarter was $28.5 million or $0.31 per share, up from $22.7 million or $0.26 per share in the year-ago period. On average, 20 analysts polled by Thomson Reuters expected the company to earn $0.30 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 18 percent to $161.80 million from $137.49 million last year. Analysts expected revenues of $158.23 million.

Looking ahead to the first quarter, the company has forecast adjusted loss in the range of $0.14 to $0.12 per share, with revenues ranging between $110 million and $114 million. Analysts currently expect the company to report a loss of $0.05 per share on first-quarter revenues of $113.15 million.

For the fiscal 2014, the company expects adjusted earnings to be in the range of $0.23 to $0.27 per share and revenues in a range of $545.0 million to $555.0 million. Analysts currently expect the company to report full-year earnings of $0.41 per share on revenues of $550.35 million.