Tableau Software Quarterly Revenue Tops $100M for First Time
Tableau Software reported record revenue for its third quarter, topping the $100 million mark for the first time in the company's history.Tableau Software today reported record results for its third quarter ended September 30, 2014. The big data and business intelligence (BI) software provider surpassed $100 million in revenue for the first time last quarter. Tableau’s third-quarter revenue was $104.5 million, up 71 percent year over year. Moreover, license revenue was $69.8 million, up 66 percent year over year, and international revenue was up 115 percent year over year, the company said. In addition, during the quarter, Tableau added more than 2,500 new customer accounts and closed 200 sales orders greater than $100,000, up 68 percent year over year. "Tableau delivered excellent financial performance in the third quarter,” said Christian Chabot, CEO of Tableau Software, in a statement. "Total revenue for the third quarter exceeded $100 million for the first time, demonstrating continued momentum in the business. We continue to invest in product innovation in support of our mission. At our annual Tableau Conference, we unveiled innovations we are working on, including some that are slated for Tableau 9.0. We plan to further develop our cloud and mobile offerings, extend our enterprise capabilities, expand our analytics functionality, and expand our support for data sources and platforms." Tableau held its seventh annual Tableau Customer Conference September 8-12 in Seattle, Wash. The conference drew more than 5,500 customers and partners in attendance. Attendees represented a broad range of industries including education, finance, software, manufacturing, electronics, healthcare, non-profit, government, biotechnology, and more, demonstrating Tableau's ability to address the needs of customers in diverse industries. More than 60 customers spoke at the conference including EMC, Capital One, Juniper Networks, Netflix, and Facebook, among others. In addition, 55 partners including Splunk, Deloitte, Teradata, IBM, Amazon Web Services, and Google, among others, participated in the expo showcase, demonstrating the breadth of Tableau's partner ecosystem.
In recent months Tableau also announced Tableau Drive, a methodology for scaling out self-service analytics based on best practices from successful enterprise deployments. The methodology delivers an iterative, agile method that is faster and more effective than traditional long-cycle deployments. Drive was developed by drawing on best practices of organizations that have seen high rates of self-service analytics adoption.