Talend S.A (TLND) Tops Q2 EPS by 55c, Revenues Beat; Offers 3Q & FY20 Revenue Guidance Above Consensus, Provides 3Q & FY20 EPS Outlook

Talend S.A (NASDAQ: TLND) reported Q2 EPS of $0.24, $0.55 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $67.7 million versus the consensus estimate of $66.28 million.

Second Quarter 2020 Financial Results:

• Total revenue of $67.7 million, up 12% year-over-year
• Annual Recurring Revenue (“ARR”) of $255.9 million, up 17% year-over-year or 19% on a constant currency basis
• Cloud ARR of $75.0 million, up 128% year-over-year or 130% on a constant currency basis
• Subscription revenue of $60.9 million, up 16% year-over-year or 17% on a constant currency basis
• GAAP operating loss of $19.6 million
• Non-GAAP operating loss of $7.0 million
• Dollar-based net expansion rate of 110% on a constant currency basis

“Cloud momentum continues to drive strong second-quarter results,” said Christal Bemont, Chief Executive Officer. “Cloud ARR grew to $75.0 million, representing 130% year-over-year growth on a constant currency basis, bringing total ARR to $255.9 million at the end of the period. We had strong execution across new business and retention as well as our Enterprise and volume business. This is validation of the important role Talend plays by providing strategic value in delivering clean, complete, and trusted data, which has become even more critical during the COVID-19 pandemic. We remain focused on driving disciplined growth in our business while capitalizing on the significant market opportunity for cloud data integration. With this continued momentum, we are reintroducing our full year 2020 guidance and recommitting to our Pre-COVID target of reaching $100 million of Cloud ARR by the end of 2020.”

GUIDANCE:

Talend S.A sees Q3 2020 EPS of ($0.39)-($0.36), versus the consensus of ($0.37). Talend S.A sees Q3 2020 revenue of $69.2-70.2 million, versus the consensus of $67.13 million.

Talend S.A sees FY2020 EPS of ($1.20)-($1.14), versus the consensus of ($1.27). Talend S.A sees FY2020 revenue of $277.5-279.5 million, versus the consensus of $272.09 million.

Third quarter of 2020:

• Total revenue is expected to be in the range of $69.2 million to $70.2 million.
• Non-GAAP operating loss is expected to be in the range of ($11.6) million to ($10.6) million.
• Non-GAAP net loss is expected to be in the range of ($12.4) million to ($11.4) million.
• Non-GAAP net loss per share is expected to be in the range of ($0.39) to ($0.36), based on a basic and diluted weighted average share count of 31.7 million shares.

Full year of 2020:

• Total revenue is expected to be in the range of $277.5 million to $279.5 million.
• Non-GAAP operating loss is expected to be in the range of ($36.0) million to ($34.0) million.
• Non-GAAP net loss is expected to be in the range of ($38.0) million to ($36.0) million.
• Non-GAAP net loss per share is expected to be in the range of ($1.20) to ($1.14), based on a basic and diluted weighted average share count of 31.6 million shares.
• Free cash flow is expected to be in the range of ($37.0) million to ($32.0) million.
• Cloud ARR of $100 million

Talend’s outlook assumes foreign exchange rates as of July 31, 2020. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, many of the future costs and expenses for which the company adjusts, such as share-based compensation, amortization of acquired intangible assets, and transaction-related expenses, the effect of which may be significant. For example, the company adjusts for share-based compensation expense, which is impacted by the company’s future hiring needs, employee retention, and the future fair market value of the company’s ordinary shares, all of which are difficult to predict and are subject to frequent change.

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

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