Home / Knowledge / News / Information Technology / Qlik Technologies Q2 revenue surges 26%
Qlik Technologies Q2 revenue surges 26%
26
Jul '13
Qlik Technologies Inc a leader in Business Discovery — user-driven Business Intelligence (BI), announced financial results for the second quarter ended June 30, 2013.

Lars Björk, Chief Executive Officer of QlikTech, stated, “I am pleased with our strong second quarter results with license and total revenue growth accelerating. We continue to see increasing demand for QlikView, despite the cautious business environment. Our differentiation is resonating in the marketplace as we help organizations gain valuable insights from multiple data sources in order to monitor analyze and react to factors directly affecting their business.”

Financial Highlights for the Second Quarter Ended June 30, 2013

Total revenue for the second quarter of 2013 was $108.0 million, an increase of 26% from $85.8 million for the second quarter of 2012. License revenue for the second quarter of 2013 was $60.5 million, an increase of 21% from $50.0 million for the second quarter of 2012. Foreign currency exchange rate fluctuations from the prior year period positively impacted total revenue by approximately 1%.

GAAP loss from operations for the second quarter of 2013 was ($9.1) million, compared to a GAAP loss from operations of ($2.4) million for the second quarter of 2012. GAAP net loss was ($8.0) million, or ($0.09) per basic and diluted common share, compared to a GAAP net loss of ($2.0) million, or ($0.02) per basic and diluted common share, for the second quarter of 2012.

Non-GAAP loss from operations was ($1.7) million for the second quarter of 2013, compared to non-GAAP income from operations of $2.4 million for the second quarter of 2012. Non-GAAP net loss was ($1.5) million for the second quarter of 2013, or ($0.02) per basic and diluted common share, compared to non-GAAP net income of $1.7 million, or $0.02 per basic and diluted common share, for the second quarter of 2012.

Cash and cash equivalents as of June 30, 2013 were $223.5 million. For the six months ended June 30, 2013, net cash provided by operating activities was $23.8 million, as compared to $29.3 million for the six months ended June 30, 2012.

QlikTech


Must ReadView All

Philippines wearable industry expects 20% export growth

Apparel/Garments | On 17th Aug 2018

Philippines wearable industry expects 20% export growth

The combined export growth of textile, garments and other wearable...

Talks on new minimum wage for next year start in Cambodia

Apparel/Garments | On 17th Aug 2018

Talks on new minimum wage for next year start in Cambodia

The Cambodian labour ministry and relevant stakeholders recently...

Boost research to double yield: Indian Cotton Federation

Textiles | On 17th Aug 2018

Boost research to double yield: Indian Cotton Federation

Despite India being the world’s largest producer of cotton for three...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Urmil Arya

Sushila International, a well established textile organisation established ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search