Data visualization and analysis software maker Tableau Software (DATA) this afternoon reported Q2 revenue that topped analysts’ expecations, and but missed on the bottom line, sending its shares sharply lower in late trading.
Revenue in the three months ended in June rose to $198.5 million, yielding break-even on the profit line.
Analysts had been modeling $193.7 million and a 5-cent profit per share.
CEO Christian Chabot said the company was “pleased” with the results “overall,” as “they demonstrate that the move to visual analytics continues to thrive.”
He noted that “more than 3,900 new customer accounts chose Tableau, the highest quarterly addition in our history, bringing the total to more than 46,000 worldwide.”
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