More specifically, Talend's quarterly revenue climbed 21.8% year over year to $60.6 million, translating an adjusted net loss of $6.4 million, or $0.21 per share. Both the top and bottom lines arrived above Talend's own guidance, which called for a per-share loss of $0.35 to $0.31 on revenue of $59.8 million.
Within Talend's top line, subscriptions revenue jumped 30% at constant currencies to $52.9 million -- driven by revenue from its Talend Cloud platform, which more than doubled on a year-over-year basis for the 12th straight quarter, representing 43% of the company's new annual recurring revenue. Professional services revenue fell half a percent to $7.7 million.
"We are excited about the progress we have made advancing our cloud strategy," added CEO Mike Tuchen. "We are landing cloud customers at an increasing pace and laying a foundation for future growth."
That said, largely due to its quicker-than-expected shift toward recurring sales, Talend also reduced its full-year revenue outlook by $2 million to a range of $246 million to $248 million, while simultaneously increasing its guidance to call for a 2019 adjusted loss of $0.92 to $0.98 per share (compared to a loss of $0.95 to $1.01 per share previously).
You'll be hard-pressed to find any investor willing to complain about the source of that modest 2019 revenue guidance reduction, however. And shares of Talend are responding accordingly today.