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Shares Of Tableau Software Surge Following Earnings

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Shares of Tableau Software Inc (NYSE: DATA) were surging 15 percent higher after company reported at Wednesday's market close a blowout fourth quarter and sales guidance.

Tableau Software reported that it earned $0.42 in the fourth quarter, beating the $0.11 per share analysts expected by a large margin. Revenue of $142.9 million was better than expected by more than $20 million and marked a 75.4 percent increase from the same quarter a year ago.

GAAP operating income for the fourth quarter improved to $16.1 million from $9.2 million a year ago as license revenue rose 75 percent from a year ago to $101.4 million, while maintenance and services revenue rose 77 percent from a year ago to $41.5 million.

During the company's post-earnings conference call with analysts, management suggested that it expects first quarter sales to fall in a range of $110 million to $115 million, while sales for the entire fiscal 2015 is estimated to be $565 million to $580 million.

Shares traded recently at $96.86, up 15 percent.

Posted-In: Earnings Tableau SoftwareEarnings Guidance Intraday Update

 

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