Qlik Tech (QLIK) Tops Q1 EPS by 3c

Qlik Tech (NASDAQ: QLIK) reported Q1 EPS of ($0.09), $0.03 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $138 million versus the consensus estimate of $134.42 million.

GUIDANCE:

Qlik Tech sees Q2 2016 EPS of $0.01-$0.03, versus the consensus of $0.04. Qlik Tech sees Q2 2016 revenue of $164-168 million, versus the consensus of $163 million.

Qlik Tech sees FY2016 EPS of $0.42-$0.45, versus the consensus of $0.42. Qlik Tech sees FY2016 revenue of $704-714 million, versus the consensus of $698.79 million.

Lars Björk, Chief Executive Officer of Qlik, stated, “We are pleased with our performance in the first quarter. Our balanced business model and continued momentum with Qlik Sense® enabled us to deliver total revenue and non-GAAP operating results that exceeded the high-end of our first quarter guidance ranges. We are capitalizing on our growing market opportunity and the rising awareness for analytics and self-service visualization across all the customer segments we serve.”

For earnings history and earnings-related data on Qlik Tech (QLIK) click here.

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