Talend S.A (TLND) Tops Q1 EPS by 14c, Revenues Beat

Talend S.A (NASDAQ: TLND) reported Q1 EPS of ($0.11), $0.14 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $79.9 million versus the consensus estimate of $78.13 million.

First Quarter 2021 Financial Results:

• Total revenue of $79.9 million, up 17% year-over-year
• Annual Recurring Revenue (“ARR”) of $291.5 million, up 19% year-over-year or 14% on a constant currency basis
• Cloud ARR of $119.3 million, up 95% year-over-year or 88% on a constant currency basis, which includes $2.8 million of migrations in the first quarter
• Subscription revenue of $72.4 million, up 19% year-over-year or 14% on a constant currency basis
• GAAP operating loss of $21.6 million
• Non-GAAP operating loss of $3.3 million
• Dollar-based net expansion rate of 108% on a constant currency basis

“We are pleased to report a strong start to 2021, with better-than-expected first quarter results, including record revenue of $79.9 million, representing 17% year-over-year growth, which was fueled by our record cloud ARR of $119.3 million, representing 95% year-over-year growth.” said Christal Bemont, Chief Executive Officer of Talend. “We are excited to enter a new chapter for our company, with the planned acquisition by Thoma Bravo, and we will continue to focus on our strategy to transition into the cloud, and further extend Talend’s position as a leader in the cloud data market.”

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

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