Investors, suddenly wary of bubbly tech stocks, sold en masse, sending shares tumbling nearly 50% and erasing $3 billion in value overnight. The year-end results also showed that in 2015, after five consecutive years of profits, Tableau lost $84 million. Fourth-quarter license revenue (the key indicator of new business) grew 31% year over year, great for most companies but a serious slowdown for this rocket ship. Sales grew at an average annual pace of 82% over the last seven years, from $18 million in 2009 to $654 million last year, and Tableau now serves 39,000 customers, including Wells Fargo, Dow Chemical, SpaceX and the Texas Rangers.Įventually every high-altitude flight gets bumpy, and Tableau hit its air pocket in February. Founders Hanrahan, Chris Stolte and Christian Chabot bootstrapped Tableau with meager funding out of Stanford University, taking it all the way to a $254 million public offering in May 2013. Selling what Gartner calls the "gold standard" in business intelligence and analytics platforms in the nascent big-data era has proven a fantastic business.
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