Tableau Software grows Q1 revenue by 75%, beats Wall Street expectations, shares up 8% after hours

Tableau Software had a blockbuster first quarter of 2015, growing its revenue by 75 percent year-over-year to $130.1 million. That handily beat the consensus estimate among analysts surveyed by Thomson Reuters of $115 million in revenue.

In addition, the company reported earnings of 8 cents a share beat analyst predictions of a 3 cents per share loss, and marks a significant increase over the year-ago quarter, when the Seattle-based data visualization company reported a loss of one cent per share.

All of that growth was driven by a major increase in demand for the company’s products. Tableau signed up more than 2,600 new customers during the quarter, which means the company now has a total of more than 29,000 customers worldwide. The firm also introduced version 9.0 of its platform to users, with a number of improvements like greater interactivity within visualizations and new profile pages.

On top of the earnings news, Tableau also announced that the company is making the Public Premium version of its product free to all authors. That means users can analyze data sets of up to 10 million rows for free, up from 1 million rows on the company’s Public plan. The premium version also includes 10 GB of storage, and the ability to limit the downloading of data, so that authors can keep their data sets private if they choose to do so.

Shares of Tableau’s stock are up more than 7 percent in after hours trading following the news. The company’s detailed financial results are embedded below.