Tableau Reports Q4 and Fiscal Year 2014 Financial Results 

Tableau Software, Inc. today reported results for its fourth quarter and fiscal year ended December 31, 2014.

Fourth Quarter 2014 Financial Highlights:

• Total revenue grew to $142.9 million, up 75% year over year.
• License revenue grew to $101.4 million, up 75% year over year.
• International revenue grew to $32.8 million, up 86% year over year.
• Added more than 2,600 new customer accounts.
• Closed 304 transactions greater than $100,000, up 70% year over year.
• Diluted GAAP earnings per share were $0.27; diluted non-GAAP earnings per share were $0.42.

Fiscal Year 2014 Financial Highlights:

• Total revenue grew to $412.6 million, up 78% year over year.
• License revenue grew to $279.9 million, up 75% year over year.
• International revenue grew to $93.8 million, up 105% year over year.
• Added more than 9,100 new customer accounts.
• Closed 781 transactions greater than $100,000, up 72% year over year.
• Diluted GAAP earnings per share were $0.08; diluted non-GAAP earnings per share were $0.52.

"Tableau's quarterly and fiscal 2014 results were excellent. I'm proud to say that our investments in people, product and customers paid off in 2014 with record revenue, strong customer adoption and accelerated growth in our enterprise business," said Christian Chabot, Chief Executive Officer of Tableau. "In 2014, we experienced the strongest demand we've seen in our history, as the move to agile analytics grows faster than ever."

"We will continue investing in product innovation and advancing our platform to bring even more value to our growing customer base. We are excited to announce that we expect Tableau 9.0, the next step in our journey to help people achieve more with data, to be released in the next 90 days," added Chabot.

Financial Highlights for the Fourth Quarter Ended December 31, 2014

Total revenue for the fourth quarter of 2014 was $142.9 million, representing a 75% increase from the fourth quarter of 2013. License revenue was $101.4 million, representing a 75% increase from the fourth quarter of 2013. Maintenance and services revenue was $41.5 million, representing a 77% increase from the fourth quarter of 2013.

GAAP operating income for the fourth quarter of 2014 was $16.1 million, compared to a GAAP operating income of $9.2 million for the fourth quarter of 2013. GAAP net income for the fourth quarter of 2014 was $20.7 million, or $0.27 per diluted common share, compared to GAAP net income of $11.2 million, or $0.16 per diluted common share, for the fourth quarter of 2013.

Non-GAAP operating income, which excludes stock-based compensation expense, was $31.6 million for the fourth quarter of 2014, compared to a non-GAAP operating income of $14.1 million for the fourth quarter of 2013.

Non-GAAP net income, which excludes stock-based compensation expense, net of tax, was $31.8 million for the fourth quarter of 2014, or $0.42 per diluted common share, compared to non-GAAP net income of $14.0 million, or $0.20 per diluted common share, for the fourth quarter of 2013.

Financial Highlights for the Fiscal Year Ended December 31, 2014

Total revenue for 2014 was $412.6 million, representing a 78% increase from 2013. License revenue was $279.9 million, representing a 75% increase from 2013. Maintenance and services revenue was $132.7 million, representing an 83% increase over 2013.

GAAP operating income for 2014 was $6.3 million, compared to a GAAP operating income of $3.7 million for 2013. GAAP net income for 2014 was $5.9 million, or $0.08 per diluted common share, compared to GAAP net income of $7.1 million, or $0.12 per diluted common share, for 2013.

Non-GAAP operating income, which excludes stock-based compensation expense, was $53.3 million for 2014, compared to a non-GAAP operating income of $18.1 million for 2013. Non-GAAP net income, which excludes stock-based compensation expense, net of tax, was $38.5 million for 2014, or $0.52 per diluted common share, compared to non-GAAP net income of $18.0 million, or $0.31 per diluted common share, for 2013.

Business Highlights

• Partnered with global consultancy and solutions provider, Infosys, to integrate Tableau's software into the solutions it deploys to help clients unlock the power of big data.
• KLAS Research placed Tableau among the top broad-use BI vendors in a survey. Tableau placed first in ease-of-use and noted high satisfaction with customers in the healthcare industry.
• Released Tableau 8.3, an update that delivers support for Kerberos for Microsoft SQL Server, Microsoft SQL Server Analysis Services and Cloudera Impala. Kerberos support provides single sign-on from the desktop or browser all the way to the database.