The 10-second takeaway
For the quarter ended June 30 (Q2), Qlik Technologies beat slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share dropped to a loss. GAAP loss per share increased.
Margins dropped across the board.
Qlik Technologies booked revenue of $108.0 million. The 14 analysts polled by S&P Capital IQ foresaw sales of $106.6 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $85.8 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 -$0.02. The 17 earnings estimates compiled by S&P Capital IQ predicted -$0.01 per share. Non-GAAP EPS were -$0.02 for Q2 against $0.02 per share for the prior-year quarter. GAAP EPS were -$0.09 for Q2 against -$0.02 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 86.5%, 230 basis points worse than the prior-year quarter. Operating margin was -8.4%, 570 basis points worse than the prior-year quarter. Net margin was -7.5%, 510 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $107.8 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $478.2 million. The average EPS estimate is $0.38.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 371 members out of 408 rating the stock outperform, and 37 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 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 $32.16.
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