Fools are finally getting behind Qlik Technologies
We'll get into the details of Qlik's first-quarter results in a moment. First, here's a closer look at the business from a Foolish perspective.
|Operations||Provider of a simple-to-use and customizable business-intelligence software tool called QlikView that processes data in memory rather than through a database.|
|CAPS stars (5 max)||*****|
|Bullish pitches||39 out of 43|
|Highest rated peers||FactSet Research, Net 1 UEPS, Tyler Technologies|
Data current as of April 29.
Analysts had been calling for Qlik to grow its top line by 27% rather than the 44% it reported. A $0.03-per-share adjusted net loss met expectations, while cash from operations fell slightly on account of a larger GAAP net loss and higher payables.
Call it a consequence of investing for growth. Thanks to the rise of smart devices such as the iPad, mobile BI -- i.e., accessing business and competitive data in real-time, anywhere -- is a huge opportunity that a number of Qlik's peers are chasing, including Actuate
BI heavyweights IBM
Qlik is winning more than its share of deals. In a press release, the company said that its installed customer base rose to 19,000 from 14,000 in last year's Q1, a 36% increase. Credit people and technology investments for the gains. CEO Lars Bjork has long since made it clear that he sees his company at the beginning stages of a long-term opportunity.
I think he's right. What do you say? Tell us what you think about QlikTech's report, approach, and competitive differentiation using the comments box below. You can also rate QlikTech in Motley Fool CAPS.
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