Qlik Technologies Earnings: Here’s Why Investors are Excited Now
Qlik Technologies, Inc. (NASDAQ:QLIK) had a loss 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 down 13.21%.
Qlik Technologies, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.09 in the quarter versus EPS of $-0.03 in the year-earlier quarter.
Revenue: Rose 21.91% to $96.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Qlik Technologies, Inc. reported adjusted EPS loss of $0.09 per share. By that measure, the company beat the mean analyst estimate of $-0.12. It beat the average revenue estimate of $91.26 million.
Quoting Management: Lars Björk, Chief Executive Officer of QlikTech, stated, “I am pleased with our strong first quarter results. We continue to benefit from sales process improvements across the enterprise, expanded service and support offerings, and ongoing momentum across our partner network. In addition, our ability to convert Big Data into relevant, insightful, and actionable information is a key differentiator for us and a high priority for our customers.”
Key Stats (on next page)…
Revenue decreased 29.81% from $137.49 million in the previous quarter. EPS decreased to $-0.09 in the quarter versus EPS of $0.25 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.03 to a profit $0.02. For the current year, the average estimate has moved up from a profit of $0.38 to a profit of $0.4 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)