Tableau Software’s Q2 earnings fall short of estimates

Data analytics supplier Tableau code reported second quarter earnings once the bell nowadays. The Seattle-based company denote a loss thanks to over expected expenses for the quarter, whereas still beating analyst’s expectations in terms of revenue.

For the 3 months complete Gregorian calendar month thirty, Tableau denote total revenue of $198.5 million and non-GAAP internet earnings came in at $0.00.

Analysts surveyed by Yahoo! Finance expected revenue at $193.75 million and EPS at $0.05. In late mercantilism, the stock was down five p.c then again recovered later.

As for GAAP measures, net loss was $47.5 million, or $0.64 per diluted common share, compared to a net loss of $19.0 million, or $0.27 per diluted common share, for the second quarter of 2015.

“In quarter two, our expenses came in higher than planned,” said Tom Walker, Tableau’s CFO, during a conference call with analysts.

Sales and marketing expenses, for example, grew 41 percent, to $119.9 million from $85.1 million in the year-ago quarter. In addition, Walker mentioned that the company incurred higher than expected costs related to the company-wide meeting in Seattle, held during last quarter.

 “During the meeting, we made some extra investments in training, particularly around the launch of Tableau 10,” Walker explained. “These expenses will not be recurrent in the second part of the year.”

During the call, chief operating officer and co-founder of Tableau Christian Chabot same that over three,900 new client accounts selected Tableau throughout the second quarter. Among these new customers area unit the American state Department of Public Health, Bank of American state and also the town of recent Orleans.

Tableau computer code went public in could 2013 at AN initial public giving worth of $31 per share. At the ny stock market commerce weekday, the company’s shares closed down four cents, or below one-hundredth, at $56.40.

A couple of hours when the announcement, the stock was down sixty five cents, or 1.15 percent, at $55.75.