Tableau sees 71 percent increase in second quarter revenues

SEATTLE, Aug. 8, 2013 /PRNewswire/ — Tableau Software (NYSE: DATA), a global leader in rapid-fire, easy-to-use business analytics software, today reported results for its second quarter ended June 30, 2013.

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Total revenues were $49.9 million, up 71% year-over-year

License revenues were $33.5 million, up 66% year-over-year

GAAP loss per share was $0.05; Non-GAAP earnings per share were $0.01

“We are pleased with our performance in the second quarter,” said Christian Chabot, CEO and President. “We grew total revenues 71 percent from the prior year second quarter, and we added over 1,500 new customer accounts. Our business continues to experience strong momentum, as customers use Tableau’s software to turn data into revealing insights and stories.”

Financial Highlights for the Second Quarter Ended June 30, 2013

Total revenues for the second quarter of 2013 were $49.9 million, representing a 71% increase from the second quarter of 2012. License revenues were $33.5 million, representing a 66% increase from the second quarter of 2012. Maintenance and services revenues were $16.4 million, representing an 84% increase from the second quarter of 2012.

GAAP operating loss for the second quarter of 2013 was $2.3 million, compared to GAAP operating income of $2.8 million for the second quarter of 2012. GAAP net loss for the second quarter of 2013 was $2.6 million or $0.05 per diluted common share, compared to a GAAP net income of $1.1 million or $0.01 per diluted common share for the second quarter of 2012.

Non-GAAP operating income, which excludes stock-based compensation, was $1.0 million for the second quarter of 2013, compared to non-GAAP operating income of $3.9 million for the second quarter of 2012. Non-GAAP net income was $0.3 million for the second quarter of 2013, or $0.01 per diluted common share, compared to non-GAAP net income of $2.0 million, or $0.03 per diluted common share for the second quarter of 2012.

Free cash flow, which Tableau defines as net cash flow provided by operating activities less net cash used in investing activities for purchases of property and equipment, for the second quarter of 2013 was $2.1 million, compared to free cash flow of $1.9 million for the second quarter of 2012.

Recent Business Highlights

In addition to growing revenues and customer accounts, Tableau achieved other notable business milestones:

Launched Tableau Online, a cloud-based business intelligence product that makes it easier than ever for people to adopt Tableau’s products.

Held its 2013 European Customer Conference in London. The event sold out with more than twice the number of attendees from the prior year.

Ranked first among “High Growth” vendors in Dresner’s “Wisdom of Crowds” Business Intelligence Market Study.

Closed 80 sales orders of greater than $100,000 in the second quarter of 2013.

Appointed Scott Jones as VP, Americas Sales. Mr. Jones spent 11 years in various leadership roles at SAP where he was most recently the Chief Operations Officer of the global Database and Technology Division.

Announced a new program to provide complimentary software to journalists, to support the mission of journalism and provide state-of-the-art tools to journalists.

Named one of Austin’s 2013 Best Places to Work by the Austin Business Journal.

Closed an initial public offering with net proceeds of $177.0 million.

Joined the Russell Global Index and the Russell 3000 Index.