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Why Tableau Software (DATA) Soared in After-Hours Trading

NEW YORK (TheStreet) -- Enterprise software developer Tableau Software (DATA) soared in extended trading after reporting fourth-quarter earnings which far exceeded analyst expectations.

After the bell, shares added 15.2% to $91.50.

The Seattle-based firm posted per-share earnings of 20 cents for the December-ended quarter. Analysts surveyed by Thomson Reuters had expected the company to break even. Revenue of $81.5 million was up 95% year-over-year and $14.5 million higher than analysts forecast.

License revenue, 71% of total revenue, came in at $58 million, a 93% year-over-year boost and a boon to future maintenance income. Maintenance revenue was double a year earlier at $23.4 million.

"We're very pleased with our performance in the fourth quarter, as we sustained our rapid growth," said CEO Christian Chabot in a statement.

Over fiscal 2013, the company recorded net income of 31 cents a share on $232.4 million in revenue, an 82% jump in sales from 2012. Analysts had predicted earnings of 6 cents a share on sales of $217.91 million.

"We continue to see an expansion of our market opportunity and look forward to helping more customers turn data into revealing business insights in the next year," Chabot continued.

Stock quotes in this article: DATA 

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