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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