Qlik Technologies Earnings: Here’s Why Investors are Buying Shares Now

Qlik Technologies, Inc. (NASDAQ:QLIK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 13.36%.

Qlik Technologies, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 1150% to $0.25 in the quarter versus EPS of $0.23 in the year-earlier quarter.

Revenue: Rose 27.26% to $137.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Qlik Technologies, Inc. reported adjusted EPS income of $0.25 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $126.85 million.

Quoting Management: In 2009, Groupe SEB found that users are not fully satisfied with the results obtained with Business Intelligence (BI) solutions in place: the manipulation of reporting was complex and time-consuming. “We had to find a new solution, more user-friendly and capable of handling large volumes of data with good performance, even for remote users,” explains Philippe Vivier, Business Intelligence Expert for Groupe SEB.

Key Stats (on next page)…

Revenue increased 59.7% from $86.1 million in the previous quarter. EPS increased 1150% from $0.02 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.01 and has not changed. For the current year, the average estimate is a profit of $0.24, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)