Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of business intelligence specialist Qlik Technologies (Nasdaq: QLIK) have soared by as much as 22% today after the company reported earnings.

So what: Second-quarter sales totaled $85.8 million, of which $50 million was license revenue. Adjusted earnings per share came in at $0.02, a penny higher than Wall Street's forecasts. CEO Lars Bjork said the results fell short of internal expectations, yet investors are still cheering.

Now what: The company also provided better-than-expected revenue guidance, which could explain the optimism today. Third-quarter sales should range from $87 million to $90 million, which looks pretty nice compared to the consensus of $87.2 million. Full-year revenue is expected in the range of $376 million to $386 million, the midpoint of which tops the consensus of $377.3 million.

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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Motley Fool newsletter services have recommended buying shares of Qlik Technologies. The Motley Fool has a disclosure policy.

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