Qlik Technologies Inc (NASDAQ:QLIK) CEO Confident Of Long Term Prospects


Dallas, Texas 07/24/2015 (FINANCIALSTRENDS) – Qlik Technologies Inc (NASDAQ:QLIK) posted another impressive quarter on the earnings front with revenue for the three months ending June increasing by 11% to a high of $145.8 million. However, the increase was not enough to stop the data virtualization software maker from making a loss of $13 million translating to a net loss of 14 cents per share.

Europe Strong Sales

Demand for the company’s solutions remains high in Europe where sales were up by 28% as the US registered a 20% growth. Qlik Technologies Inc (NASDAQ:QLIK) added new customers in the quarter including AFAS Software B.V, Bourne Leisure Group Ltd, and City Sprint. Expanding globally is the company’s point of focus as it continues to expand its customer engagements in pursuit of new avenues of growth.

Despite posting a net loss in the quarter, Chief Executive Officer Lars Bjork maintains it was an impressive quarter for the company having achieved accelerating license and total revenue growth. Momentum in the quarter was driven by growth in demand for Qlik Sense and QlikView.

Full Year Outlook

The expectation of further growth remains high Qlik Technologies Inc (NASDAQ:QLIK) having provided better than expected outlook for the third quarter. Revenues for the quarter should come in the range of $140 million to $144 million against consensus estimates of $142.9 million. Full-year earnings, on the other hand, should range between 30 cents and 33 cents a share on revenues of between $610 million and $620 million.

Qlik Technologies Inc (NASDAQ:QLIK) completed a total of 129 for license and maintenance deals in the quarter having also secured 35 new deals of over $250,000 and seven deals of over $1 million

Separately Japanese independent retailer chain Zen-Nippon is deploying Qlik Technologies Inc (NASDAQ:QLIK)’s visual analytics platform QlikView .The independent retailer plans to use the platform to analyze point of sales with the help from K.K. Ashisuto