Tableau Software, Inc. (DATA) saw its loss narrow to $21.09 million, or $0.28 a share for the quarter ended Dec. 31, 2016. In the previous year period, the company reported a loss of $41.32 million, or $0.57 a share. On the other hand, adjusted net income for the quarter stood at $20.68 million, or $0.26 a share compared with $25.99 million or $0.33 a share, a year ago. Revenue during the quarter grew 23.63 percent to $250.65 million from $202.75 million in the previous year period. Gross margin for the quarter contracted 38 basis points over the previous year period to 88.95 percent. Operating margin for the quarter stood at negative 6.76 percent as compared to a negative 3.49 percent for the previous year period.
Operating loss for the quarter was $16.95 million, compared with an operating loss of $7.08 million in the previous year period.
However, the adjusted operating income for the quarter stood at $30.91 million compared to $30.11 million in the prior year period. At the same time, adjusted operating margin contracted 252 basis points in the quarter to 12.33 percent from 14.85 percent in the last year period.
"Our performance this quarter demonstrates Tableau's continued commitment to innovation and our relentless customer focus," said Adam Selipsky, president and chief executive officer of Tableau. "We are seeing strong demand from enterprises that want to deploy Tableau more broadly across their organization, from thousands to tens of thousands of users. Our enterprise customers are making Tableau a mission-critical platform as data becomes more and more essential to their success."
Operating cash flow improves significantly
Tableau Software, Inc. has generated cash of $175.05 million from operating activities during the year, up 27.98 percent or $38.27 million, when compared with the last year. The company has spent $77.13 million cash to meet investing activities during the year as against cash outgo of $46.13 million in the last year.
Cash flow from financing activities was $16.56 million for the year, down 35.67 percent or $9.18 million, when compared with the last year.
Cash and cash equivalents stood at $908.72 million as on Dec. 31, 2016, up 14.17 percent or $112.82 million from $795.90 million on Dec. 31, 2015.
Working capital increases
Tableau Software, Inc. has recorded an increase in the working capital over the last year. It stood at $722.90 million as at Dec. 31, 2016, up 7.55 percent or $50.76 million from $672.14 million on Dec. 31, 2015. Current ratio was at 2.69 as on Dec. 31, 2016, down from 3.47 on Dec. 31, 2015.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net