What To Expect From Tableau’s Q3 Earnings?
Tableau (NYSE:DATA) is set to announce its third quarter results on Tuesday, November 1st after the markets close. The current fiscal year has been a turbulent one for the company, with its stock currently trading at almost 50% lower than its price at year end 2015. Despite posting positive year-over-year revenue growth in the last two quarters, the company hasn’t been able to arrest the slide in its stock.
In Tableau’s upcoming third quarter earnings, Tableau is expected to post revenues of $214 million, which would be an increase of 24% over the prior year quarter, per analyst estimates. Additionally, it is expected to achieve net income of 8 cents per share, something that the company hasn’t been able to do in the past 6 quarters.
- Can Salesforce’s Acquisition of Tableau Reduce Annual Operating Expense In the Next 3 Years?
- How Will Salesforce.com’s Gross Profits Be Impacted Due to Tableau Acquisition?
- Tableau’s Revenue Grow But Miss Consensus, Continuous Expansion To Fuel Growth?
- Tableau’s Increasing Customer Base To Fuel Growth In Q1 2019
- What Is Tableau’s Expected Revenue For FY 2019?
- Tableau Reports Record Revenues, Will Subscription Licensing Continue To Push This Growth?
In the past five years, the company has shown a strong increase in its customers, which have grown from 7,700 in 2011 to 39,000 in 2015. In the first half of the current fiscal year, the company has been successful in adding more than 7,000 new customers to its base. We expect this trend to continue in the third quarter as well.
Additionally, Tableau has strengthened its operations internationally, which has resulted in increased revenue from International markets. In the second quarter results, international markets contributed 29% to the company’s overall revenues, an increase of 55% over the same period last year. This trend is expected to continue in the third quarter as well.
See More at Trefis | View Interactive Institutional Research
(Powered by Trefis)
Get Trefis Technology