View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data
August 3, 2018

Subscription Delivers Impressive Q2 Results for Tableau Software

Subscription revenues up up 181 percent

By Umar Hassan

Product subscriptions have delivered impressive results for Tableau Software in their latest Q2 results.

Subscription revenue for Tableau was up 181 percent year-on-year in the company’s Q2 results to $291.3 million (£223.9 million).

Total annual recurring revenue for Tableau Software was also up 44 percent year-on-year to $697.7 million (£536.4 million).

The business intelligence software company has been on a high the past few months after recently acquiring AI-startup Empirical Systems while appointing Damon Fletcher as Chief Financial Officer.

Credit: Tableau

Tableau Product Subscriptions Rising Revenues

One of the standout performances in Tableau’s Q2 results was its subscription revenues, which were up from the previous quarter.

In the company’s previous Q1 results, it delivered $237.5 million (£182.6 million) compared with the latest Q2 results of $291.3 million (£223.9 million).

Tableau Software had revised its pricing model towards a subscription model for its products (Tableau Creator, Tableau Explorer and Tableau Viewer) in April 2017.

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

The pricing for its main products ranged from $12 a month for Tableau Viewer to the more expensive Tableau Creator at $70 a month.

Total Recurring Revenue Also Up

Tableau Software had another reason to be cheerful as the company’s total recurring revenue also increased alongside subscription.

At the start of the year, the company reported in its Q1 2018 results was $641.9 million (£493.7 million). That revenue has gone up again to $697.7 million (£536.4 million).

Adam Selipsky, President and Chief Executive Officer, Tableau Software commented on Tableau’s Q2 results.

Selipsky said: “We saw strong customer demand for subscriptions in the second quarter, as shown by our 67 percent rateable license bookings mix,

“Our new Creator, Explorer and Viewer subscription offerings have made it even easier for our customers to buy and scale Tableau, as more and more organizations look to deploy self-service analytics with tailored solutions for every user.”

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU