(Adds details, updates share movement)
May 5 Tableau Software Inc reported a
much smaller-than-expected quarterly loss as the data analysis
software maker added 1,800 new customers.
Tableau shares, which started trading last May, rose as much
as 10 percent in extended trading.
The company said license sales for its business intelligence
software rose 83 percent to $48.4 million, with the company
closing 120 sales worth more than $100,000 in the quarter.
Net loss widened to $5.6 million, or 9 cents per share, in
the first quarter ended March 31, from $4 million, or 12 cents
per share, a year earlier.
Excluding items, the company reported a loss of 1 cent per
Revenue jumped 86 percent to $74.6 million.
Analysts on an average had expected a loss of 11 cents per
share on revenue of $63 million, according to Thomson Reuters
Shares in the company, which counts Deere & Co and
Sears Holdings Corp among its largest customers, have
gained 23 percent since debuting at $47.00 last May.
They closed at $57.99 on the New York Stock Exchange on
(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by