Tableau-ipoTableau Software is enjoying life on Wall Street. The Seattle company, a maker of software to visualize data, saw its shares spike more than 15 percent in Tuesday trading after the company posted strong fourth quarter and full year results.

The company, which debuted on the New York Stock Exchange last year, saw fourth quarter revenues jump 95 percent to $81.5 million. Meanwhile, net income for the quarter came in at $11.2 million. That compared to a net loss of $1 million for the same period in 2012.

For the full year of 2013, the results were also impressive. The company posted total revenues of $232 million, and net income of $7 million. That was up from $127 million in revenue and net income of $1.4 million for 2012.

Tableau now has more than 17,000 customers, and it continues to see additional growth internationally with 22 percent of revenues coming from outside North America.

“We’re very pleased with our performance in the fourth quarter, as we sustained our rapid growth,” said CEO Christian Chabot in a press release. “We continue to see an expansion of our market opportunity and look forward to helping more customers turn data into revealing business insights in the next year.”

Tableau went public last May at $31 per share, jumping more than 50 percent on its first day. With today’s stock surge, the company is now trading at about $92 per share.

In addition to the earnings announcement, Tableau also announced 2014 salaries for top executives such as Chabot, Christopher Stolte and Thomas Walker. Chabot and Stolte each will make $350,000 in annual salary, up from $300,000 in 2012. Walker, who serves as CFO, will make $300,000. That’s up from $275,000 in 2012.

Tableau employed 1,212 people at the end of 2013— a 62 percent increase in employees year-over-year. Walker said that the company would continue to hire at an aggressive clip in 2014.

The company had a little fun on their conference call with analysts, saying they were broadcasting the call from Seattle, home to the best football team in the world.

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Comments

  • http://joshuadance.com/ Joshua Dance

    Way to go Tableau!

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