The 10-second takeaway
For the quarter ended March 31 (Q1), Qlik Technologies beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP loss per share increased. GAAP loss per share grew.
Margins dropped across the board.
Qlik Technologies chalked up revenue of $96.5 million. The 18 analysts polled by S&P Capital IQ predicted revenue of $91.2 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $79.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.09. The 20 earnings estimates compiled by S&P Capital IQ predicted -$0.12 per share. Non-GAAP EPS were -$0.09 for Q1 against -$0.03 per share for the prior-year quarter. GAAP EPS were -$0.15 for Q1 against -$0.09 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 85.1%, 320 basis points worse than the prior-year quarter. Operating margin was -17.4%, 760 basis points worse than the prior-year quarter. Net margin was -13.7%, 420 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $104.9 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $473.8 million. The average EPS estimate is $0.41.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 380 members out of 415 rating the stock outperform, and 35 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give Qlik Technologies a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Qlik Technologies is outperform, with an average price target of $29.50.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Qlik Technologies. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.