Blog Post

Tableau hits the $100M revenue mark in third quarter

Stay on Top of Enterprise Technology Trends

Get updates impacting your industry from our GigaOm Research Community
Join the Community!

Data analysis and visualization company Tableau Software had a big third quarter, increasing revenue to $104.5 million — a 71 percent increase over last year’s third quarter. The growth is actually off a little from the 80-plus percent annual increases it had seen in previous quarters, but this was the company’s first $100 million quarter. Overall, Tableau posted¬†a quarterly loss of just over $4.6 million.

Tableau is often viewed as the posterchild for next-generation analytics software and continues to add customers at a rapid pace, adding more than 2,500 in the third quarter and closing 200 sales of more than $100,000. International revenue was up 115 percent annually.

Despite its fast growth and innovative spirit relative to the legacy business intelligence and analytics business, though, there are lots of startups — and, now, even — gunning to chip away at its growing marketshare. They have seen what Tableau did right in making data analysis a visual experience¬†doable even by non-analysts, and are trying to make products that are bigger, faster, easier and/or cheaper.

However, Tableau can’t be accused of resting on its laurels too much. The company claims to be investing more money than ever into research and development — and even has a dedicated R&D team — and in September showed off an early version of a new mobile product it’s calling Project Elastic.