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.

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