Why Tableau Software (DATA) Stock Is Up After-Hours Today

NEW YORK (TheStreet) -- Tableau Software (DATA) was gaining 6.6% to $61.80 in after-hours trading Monday after beating analysts' estimates for earnings and revenue in the first quarter.

For the first quarter Tableau reported a loss of -1 cent a share, beating the Capital Q Consensus Estimate of a loss of -11 cents a share by 10 cents. Revenue grew 86.4% year-over-year to $74.6 million in the quarter. Analysts expected revenue of $63.1 million.

"Tableau delivered a strong first quarter with over 80% revenue growth," president and CEO Christian Chabot said in a press release. "We added over 1,800 new customer accounts, and continued to see adoption expand within our existing customers."

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DATA Chart

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"Tableau Software, Inc. is a computer software company. The Company's products are used by people across all kinds of organizations, including Fortune 500 corporations, small and medium-sized businesses, government agencies, universities, research institutions and non-profits. Organizations employ its products in a range of use cases, such as increasing sales, streamlining operations, improving customer service, managing investments, assessing quality and safety, studying and treating diseases, completing academic research, addressing environmental problems and improving education. The Company's product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases."

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