Fast-growing Tableau Software (DATA), the No. 1 maker of a hot type of software called data analytics, late Thursday posted Q1 earnings and revenue that beat Wall Street expectations by wide margins. Tableau stock was up 8% in after-hours trading, after the enterprise software company released its earnings. Tableau stock rose a fraction in Thursday’s regular session to 97.43. Tableau is an IBD Leaderboard stock, up nearly 15% this year. The
The market for data analytics software is rising and so is the competition between Tableau Software and Qlik Technologies, its leading players. Demand for data analytics has escalated as companies wrestle for the best way to manage Big Data — the ever-growing volume of data coming from a variety of sources that include smartphones, wearable devices and home appliances. Tableau Software (DATA) is the No. 1 provider of this software and boasts
Tableau Software (DATA) has been one of the fastest growth companies in the high-tech sector, and that velocity is expected to continue when the enterprise software company reports its first-quarter earnings after the market close on Thursday. Tableau’s data analytics software allows business professionals to create easy-to-read charts and graphs to better analyze their business data without the help of their IT departments. The company has stayed