Talend S.A (TLND) Tops Q1 EPS by 16c, Revenues Beat; Offers 2Q EPS Guidance Above Consenus, Provides 2Q Revenue Views, Withdraws FY20 Outlook

Talend S.A (NASDAQ: TLND) reported Q1 EPS of ($0.13), $0.16 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $68.1 million versus the consensus estimate of $64.93 million.

First Quarter 2020 Financial and Business Highlights:

• Total revenue of $68.1 million, up 18% year-over-year
• Annual Recurring Revenue (“ARR”) of $245.9 million, up 20% year-over-year or 22% on a constant currency basis
• Cloud ARR of $61.1 million, up 150% year-over-year or 154% on a constant currency basis
• Subscription revenue of $60.9 million, up 22% year-over-year or 24% on a constant currency basis
• GAAP operating loss of $16.5 million
• Non-GAAP operating loss of $3.8 million
• Dollar-based net expansion rate of 111% on a constant currency basis
• Introduced the Winter ’20 release of Talend Data Fabric
• Announced availability of Talend Cloud in Azure Marketplace
• Expanded Databricks partnership with extended support for Delta Lake

“We delivered strong first quarter results with record revenue of $68.1 million, up 18% year-over-year, and total ARR of $245.9 million, up 22% year-over-year in constant currency,” said Christal Bemont, Chief Executive Officer of Talend. “We also achieved record Cloud ARR of $61.1 million, up 154% year-over-year in constant currency, demonstrating our increasing scale and momentum in the cloud. As we navigate the COVID-19 pandemic and resulting macroeconomic uncertainties, we remain committed to the health and wellbeing of our employees and to supporting our customers. We believe the need for fast and reliable data has become even more critical in making business decisions in the current environment. We remain focused on driving disciplined growth in our business with the goal to capitalize on the immense opportunity we see ahead of us.”

GUIDANCE:

Talend S.A sees Q2 2020 EPS of ($0.34)-($0.31), versus the consensus of ($0.40). Talend S.A sees Q2 2020 revenue of $65-67 million, versus the consensus of $66.51 million.

Second quarter of 2020:

• Total revenue is expected to be in the range of $65.0 million to $67.0 million.
• Non-GAAP operating loss is expected to be in the range of $(10.0) million to $(9.0) million.
• Non-GAAP net loss is expected to be in the range of $(10.6) million to $(9.6) million.
• Non-GAAP net loss per share is expected to be in the range of $(0.34) to $(0.31), based on a basic and diluted weighted average share count of 31.5 million shares.

Due to the uncertainty surrounding the ongoing impact of COVID-19, Talend is withdrawing its full year 2020 outlook.

For earnings history and earnings-related data on Talend S.A (TLND) click here.

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