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Tableau Software Q1 loss widens YOY

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Tableau Software Q1 loss widens YOY

Tableau Software Inc. said its first-quarter normalized net income came to a loss of 38 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 10 cents per share.

The per-share loss grew year over year from 11 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $28.0 million, compared with a loss of $7.5 million in the prior-year period.

The normalized profit margin declined to negative 16.3% from negative 5.8% in the year-earlier period.

Total revenue grew 31.9% year over year to $171.7 million from $130.1 million, and total operating expenses grew 51.5% from the prior-year period to $218.1 million from $144.0 million.

Reported net income came to a loss of $45.8 million, or a loss of 62 cents per share, compared to a loss of $9.9 million, or a loss of 14 cents per share, in the year-earlier period.