Qlik Technologies Earnings: Here’s Why Investors are Buying Shares Now
Qlik Technologies, Inc. (NASDAQ:QLIK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 13.36%.
Qlik Technologies, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 1150% to $0.25 in the quarter versus EPS of $0.23 in the year-earlier quarter.
Revenue: Rose 27.26% to $137.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Qlik Technologies, Inc. reported adjusted EPS income of $0.25 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $126.85 million.
Quoting Management: In 2009, Groupe SEB found that users are not fully satisfied with the results obtained with Business Intelligence (BI) solutions in place: the manipulation of reporting was complex and time-consuming. “We had to find a new solution, more user-friendly and capable of handling large volumes of data with good performance, even for remote users,” explains Philippe Vivier, Business Intelligence Expert for Groupe SEB.
Key Stats (on next page)…