Tableau Software Shares Rise As Adj. Earnings Beat View, Revenues Surge

(RTTNews) - Shares of Tableau Software, Inc. (DATA) rose more than 13 percent in extended trades Thursday after the business analytics software provider reported a 71 percent surge in revenue for the second quarter and its adjusted earnings per share beat analysts' expectations. The company also said it added more than 1,500 new customer accounts in the quarter.

However, the Seattle, Washington-based company reported a loss for the second quarter as strong revenue growth was more than offset by higher costs and expenses.

Tableau Software's second-quarter net loss was $2.58 million or $0.05 per share, compared to net income of $1.06 million or $0.01 per share in the comparable quarter last year.

Excluding stock-based compensation expense of $2.89 million or $0.06 per share, adjusted net income for the latest quarter was $0.32 million or $0.01 per share, compared to $2.03 million or $0.03 per share in the year-ago period.

On average, ten analysts polled by Thomson Reuters expected the company to report a loss of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter grew 71 percent to $49.88 million from $29.12 million in the same period last year.

License revenues surged 66 percent to $33.52 million, while maintenance and service revenues grew 84 percent to $16.37 million.

DATA closed Thursday's regular trading session at $60.94, up $1.34 or 2.25 percent on a volume of 346,207 shares. In after-hours, the stock further gained $8.06 or 13.23 percent to $69.00.