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Tableau's robust growth attributed to continuing success in landing new customers, increasing adoption within existing customers, and growing internationally

SEATTLE, Wash. – May 7, 2015 - Tableau Software (NYSE: DATA) today reported results for its first quarter ended March 31, 2015.

  • Total revenue grew to $130.1 million, up 75% year over year.
  • License revenue grew to $84.4 million, up 74% year over year.
  • International revenue grew to $31.7 million, up 89% year over year.
  • Added more than 2,600 new customer accounts.
  • Closed 249 transactions greater than $100,000.
  • Diluted GAAP loss per share was $0.14; diluted non-GAAP earnings per share were $0.08.
"Tableau's first quarter 2015 results were strong and demonstrate that the demand for Tableau continues to grow," said Christian Chabot, Chief Executive Officer of Tableau Software. "Tableau's ability to help people achieve more with data is resulting in an ever growing customer base. During the quarter, we added more than 2,600 new customer accounts, bringing the total to more than 29,000 worldwide."

"We started the year gearing up for the launch of Tableau 9.0. During the quarter, momentum started to build as we kicked off product roadshows, giving hands-on experience to thousands of data enthusiasts. I am pleased to report that early last month we released Tableau 9.0, bringing big advances in analytics," added Chabot.

Financial Highlights

Total revenue increased 75% to $130.1 million, up from $74.6 million in the first quarter of 2014. License revenue was up 74% to $84.4 million, up from  $48.4 million in the first quarter of 2014. International revenue grew to $31.7 million, up 89% year over year.

GAAP operating loss for the first quarter of 2015 was $13.8 million, compared to a GAAP operating loss of $1.9 million for the first quarter of 2014. GAAP net loss for the first quarter of 2015 was $10.0 million, or $0.14 per diluted common share, compared to GAAP net loss of $5.6 million, or $0.09 per diluted common share for the first quarter of 2014.

Non-GAAP operating income, which excludes stock-based compensation expense, was $8.4 million for the first quarter of 2015, compared to non-GAAP operating income of $6.1 million for the first quarter of 2014. Non-GAAP net income, which excludes stock-based compensation expense and related income tax adjustments, was $5.8 million for the first quarter of 2015, or $0.08 per diluted common share, compared to non-GAAP net loss of $0.4 million, or $0.01 per diluted common share for the first quarter of 2014.

Recent business highlights:

  • Gartner recognized Tableau as a leader in Business Intelligence for the third year in a row.
  • Launched the Tableau 9.0 free web platform with new features including new profile pages, greater interactivity within visualizations, and curated galleries to facilitate more sharing and discovery within the user community.
  • Launched a direct connector for Spark SQL giving users of Apache Hadoop and Apache Spark additional flexibility for Big Data analytics.
  • Awarded the Hichert International Business Communications Standards (IBCS) Certification for HICHERT IBCS-compliant charts and tables for use in advanced reporting systems.page1image27832
  • Held customer conferences in Melbourne and Singapore.
  • Expanded the company's footprint in EMEA with the official announcement of a new office in Paris, France.
  • Announced two grants in support of the Data for Good movement through the Tableau Foundation, part of its social responsibility program: DataKind, an organization that aims to harness the power of data science in the service of humanity, and Bayes Impact, an organization that brings data science solutions to big social problems.

Conference Call and Webcast Information

In conjunction with this announcement, Tableau will host a conference call at 1:30 p.m. PT (4:30 p.m. ET) today to discuss Tableau’s first quarter 2015 financial results. A live audio webcast and replay of the call, together with detailed financial information, will be available in the Investor Relations section of Tableau’s website at http:// investors.tableau.com. The live call can be accessed by dialing (855) 592-5013 FREE (U.S.) or (678) 224-7834 (outside the U.S.) and referencing passcode: 25746770. A replay of the call can also be accessed by dialing (855) 859-2056 FREE (U.S.) or (404) 537-3406 (outside the U.S.), and referencing passcode: 25755559.

About Tableau 

Tableau (NYSE: DATA) helps people see and understand data. Tableau helps anyone quickly analyze, visualize and share information. More than 29,000 customer accounts get rapid results with Tableau in the office and on-the-go. And tens of thousands of people use Tableau Public to share data in their blogs and websites. See how Tableau can help you by downloading the free trial at www.tableau.com/trial.

Tableau and Tableau Software are trademarks of Tableau Software, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

Addendum

Building the YouTube of Data: We’re also announcing an update to Tableau Public, which is our free platform already in use by more than 100,000 people including journalists, students, scientists, data enthusiasts, and more.  The premium version, which will support 10 million rows (meaning virtually any publicly available data set) is now free to all users.  To give you a sense of the goal with Tableau Public: think back to before YouTube, when no one thought about putting their home videos online. Now, millions of people share videos from their smartphones/GoPros daily and instantaneously. Tableau is doing that for data. People are sharing data more than ever, visualizations are going viral and getting 1mm+ views, and it’s having a global impact.  Happy to put you in touch with Tableau Public users if you’re interested.

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