Tableau Software Shares Soar 15% As Q4 Profit Tops View

(RTTNews) - Shares of Tableau Software, Inc. (DATA) soared nearly 15 percent in extended trading on Tuesday after the business analytics software provider reported Tuesday a profit for the fourth quarter compared to a loss last year, reflecting a near three-digit revenue growth. Adjusted earnings per share for the quarter also topped analysts' expectations.

"We're very pleased with our performance in the fourth quarter, as we sustained our rapid growth," President and CEO Christian Chabot said in a statement.

The Seattle, Washington-based company reported net income of $11.2 million or $0.16 per share for the fourth quarter, compared to a loss of $1.1 million or $0.03 per share in the prior-year quarter.

Excluding stock-based compensation, adjusted net income for the latest quarter was $14.0 million or $0.20 per share, compared to $1.5 million or $0.04 per share in the year-ago quarter.

On average, 17 analysts polled by Thomson Reuters expected the company to report breakeven per share results for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter nearly doubled to $81.5 million from $41.81 million in the same quarter last year.

License revenues nearly doubled to to $58.0 million, and maintenance and service revenues also doubled to $23.4 million from the year-ago quarter.

The company noted that it closed 179 sales orders of greater than $100,000 and added over 1,800 new customer accounts in the fourth quarter.

For fiscal 2013, the company reported net income of $7.1 million or $0.12 per share, compared to $1.4 million or breakeven per share in the prior year.

Adjusted net income for the year was $18.0 million or $0.31 per share, compared to $6.9 million or $0.14 per share in the year ago.

Total revenues for the full year surged 82 percent to $232.4 million from last year.

"We continue to see an expansion of our market opportunity and look forward to helping more customers turn data into revealing business insights in the next year," Chabot added.

DATA closed Tuesday's regular trading session at $79.43, up $0.48 or 0.61% on a volume of 1.84 million shares. The stock soared a further $11.56 or 14.55% in after-hours trading.