Tableau Software, Inc. (DATA) saw its loss widen to $30.26 million, or $0.40 a share for the quarter ended Sep. 30, 2016. In the previous year period, the company reported a loss of $13.37 million, or $0.19 a share. On the other hand, adjusted net income for the quarter stood at $13.26 million, or $0.16 a share compared with $10.61 million or $0.14 a share, a year ago. Revenue during the quarter grew 20.62 percent to $206.06 million from $170.83 million in the previous year period. Gross margin for the quarter contracted 3 basis points over the previous year period to 88.34 percent. Operating margin for the quarter stood at negative 14.25 percent as compared to a negative 7.71 percent for the previous year period.
Operating loss for the quarter was $29.36 million, compared with an operating loss of $13.18 million in the previous year period.
However, the adjusted operating income for the quarter stood at $18.12 million compared to $18.40 million in the prior year period. At the same time, adjusted operating margin contracted 197 basis points in the quarter to 8.79 percent from 10.77 percent in the last year period.
"Tableau has that rare combination of leading products, talented people, dedication to technology innovation and passionate customers," said Adam Selipsky, president and chief executive officer of Tableau. "We see great opportunity to serve and expand our customer base, deepen our enterprise engagements, and accelerate our progress in the cloud. Looking ahead, I am confident that Tableau’s leading technology is well positioned to address the large and growing market opportunity for business analytics."
Operating cash flow improves significantly
Tableau Software, Inc. has generated cash of $106.13 million from operating activities during the nine month period, up 27.53 percent or $22.91 million, when compared with the last year period. The company has spent $58.73 million cash to meet investing activities during the nine month period as against cash outgo of $33.79 million in the last year period.
Cash flow from financing activities was $22.03 million for the nine month period, up 5.92 percent or $1.23 million, when compared with the last year period.
Cash and cash equivalents stood at $864.59 million as on Sep. 30, 2016, up 15.25 percent or $114.40 million from $750.19 million on Sep. 30, 2015.
Working capital increases marginally
Tableau Software, Inc. has recorded an increase in the working capital over the last year. It stood at $687.40 million as at Sep. 30, 2016, up 2.34 percent or $15.71 million from $671.69 million on Sep. 30, 2015. Current ratio was at 3.01 as on Sep. 30, 2016, down from 3.81 on Sep. 30, 2015.
Days sales outstanding went down to 22 days for the quarter compared with 57 days for the same period last year.
At the same time, days payable outstanding went down to 22 days for the quarter from 24 for the same period last year.
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