DATA

Jun. 19, 2017 Summary Recently Tableau shares were upgraded by two prominent brokerage analysts. Their case, for the most part, revolves around Tableau’s transition to a subscription based revenue model that is proceeding more rapidly than forecast. A subscription model is not going to help solve this company’s problems. It remains high priced and leading…

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Feb. 7, 2017 Summary Tableau reported the results of its fiscal Q4 and full-year 2016. The results were a significant beat compared to prior expectations. The forward guidance was mediocre and probably a guide-down, all things considered. The company had a decent bookings quarter compared to Q3 – much of the bookings seemed to represent…

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November 2, 2016 Summary Tableau reported the results of its September ending quarter yesterday. Revenues and guidance were disappointing, reported EPS on a non-GAAP basis was a beat. The company’s guidance for both the current quarter and for 2017 reflected serious operational issues beyond its business model transition. The company called out longer sales cycles…

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August 3, 2016 Summary Tableau reported results for its Q2 operations yesterday afternoon. The company missed earnings buy a noticeable amount but over-attained on revenues. The over-attainment may well have been driven by a strategy of “eating one’s own children.” The earnings miss, particularly when considered on a GAAP basis, was pretty awful and depicts…

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May 9, 2016 12:19 PM ET Summary DATA reported a quarter that was described in many headlines as beat and raise. The problem is that the reality is more or less the opposite. License revenue growth declined from 30% in the prior quarter to 14% this quarter and the prior quarter engendered a huge stock…

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Feb. 8, 2016 Summary Tableau Shares have declined by 50% in the wake of a disappointing earnings release and disappointing guidance. Management has suggested relatively benign explanations for the disappointments and has suggested that these are modest speed bumps and not systemic problems. Many of the issues seem to me to be reminiscent of other…

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