* Qlik sees 4th-qtr revenue $156 mln-$161 mln vs est $165.8
* Qlik shares down 20 pct in extended trading
* Informatica sees 4th-qtr revenue $260 mln-$275 mln vs est
* Informatica shares up 6 pct
By Sruthi Ramakrishnan
Oct 24 Data analytics software maker Qlik
Technologies Inc forecast current-quarter results below
expectations as budget constraints delayed deals in Europe and
the Asia Pacific region.
Qlik's shares fell 20 percent in extended trading after it
also reported lower-than-expected third-quarter revenue.
The company's forecast was in contrast with that of data
integration software maker Informatica Corp. Both
companies compete with IBM Corp, Microsoft Corp
, Oracle Corp and SAP AG.
"Near the very end of this quarter, decisions slowed down
(in Europe) and deals we expected to close in several large
customers was delayed to future period," Qlik Chief Executive
Lars Björk said on a conference call with analysts.
He said some large deals in Asia Pacific were also pushed
Qlik forecast adjusted earnings of 28-31 cents per share for
the fourth quarter, on revenue of $156 million to $161 million.
Analysts on average had expected earnings of 45 cents per share
on revenue of $165.8 million, according to Thomson Reuters
The company was winning more large deals, CEO Björk said,
though he added that such deals were adding complexity to the
company's sales process.
Qlik will "bring more discipline" to the management of its
growing deal pipeline, with the changes reflected in its
forecast for the current quarter, he said in a statement.
The company's third-quarter net profit rose to $3 million
from $151,000 from a year earlier.
Excluding items, Qlik earned 5 cents per share. Revenue rose
21 percent to $104.1 million.
Analysts on average had expected earnings of 3 cents per
share on revenue of $107.7 million.
Qlik's shares were at $27.00 in extended trading after
closing at $33.48 on the Nasdaq on Thursday.
INFORMATICA RESULTS BEAT
Informatica reported better-than-expected quarterly results,
helped by a 16 percent rise in service revenue.
The company's shares were up 6 percent at $40.56 in extended
trading after it forecast current-quarter revenue of $260-$275
million, largely above analysts' estimates of $261.2 million.
Informatica CEO Sohaib Abbasi said he expects higher revenue
growth for the company in Europe and Latin America in the