NEW YORK (TheStreet) -- Tableau Software (DATA) reported impressive fourth-quarter results after the bell Tuesday, and UBS noticed. The investment firm reiterated Tableau as a "buy" and upped its price target to $100 from $76.
"With impressive 82% y/y revenue growth in CY13, DATA was the 2nd fastest growing company in our universe last year -- and the setup for CY14 looks promising," wrote analyst Brent Thill in the report.
The enterprise software developer reported quarterly license revenue of $58 million, 71% of total revenue, a 93% year-over-year boost and a boon to future maintenance income. Maintenance revenue was double a year earlier at $23.4 million.
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.In pre-market trading, shares have exploded 14.3% to $90.75.
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