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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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.