Tableau Software, whose visualization software helps organizations make better sense of data, today posted a 71 percent jump in revenue for the third quarter. The Seattle company reported revenue of $104.5 million — the first time in corporate history that it has surpassed $100 million for a quarter. It added more than 2,500 customers accounts during the quarter, which means it now has a total of 23,000. New customers include the Panama Canal Authority, HootSuite and the LA Dodgers.
However, the company posted a bigger net loss of $4.6 million for the quarter, compared to net income of $2.4 million for the same period last year. It remains in a strong cash position, with cash and cash equivalents of $644.5 million.
Shares of Tableau regained some ground in after hours after losing sparkle earlier in the day. Shares were up more than four percent in after hours, trading at about $80. The company now has a market value of $5.5 billion.
[Update, 3 p.m.: Tableau’s shares climbed even higher in after-hours trading, up more than 9 percent to $83.74.]
Interestingly, Tableau CEO Christian Chabot said in today’s conference call that he moved to the U.K. in August. A spokeswoman tells GeekWire that Chabot is living in London temporarily as the company focused on international growth.
“Europe is our second largest market opportunity outside of the US and he’s living there to learn and help us maximize our prospects,”
International sales now make up 23 percent of Tableau’s revenue.
Tableau finished the quarter with 1,717 employees, up 65 percent. The company said it plans to continue aggressive hiring going forward.