Tableau Software posted better-than-expected quarterly results, but shares slumped more than 11 percent Friday as the company reported a growth slowdown.
The data visualization company reported a significant slowdown in license growth at 14 percent, compared with 31 percent in the previous quarter, and 57 percent the quarter before that. The number did beat consensus estimates.
Tableau posted a net operating loss of $45.6 million in the first quarter. Total revenue grew 32 percent year over year at $171.7 million, also beating analyst expectations. Earnings per share beat by 9 cents. The company's international revenue was up more than 50 percent for the quarter, while it saw the second-highest quarterly addition of new members since the company was founded in 2003. The company also raised top-line expectations outlook for the fiscal year.