Tableau expects strong revenue as data analysis demand rises

Tech News Headlines - Yahoo News Data analysis software maker Tableau Software Inc forecast better-than-expected current-quarter revenue after reporting quarterly results that handily beat analysts estimates, sending its shares up 16 percent in extended trading. License sales of the company s business intelligence software jumped 93 percent to $58.0 million, with existing customers contributing 66 percent of total license revenue. The company said it expects first-quarter revenue of $61 million to $63 million, beating analysts average expectation of $60.3 million, according to Thomson Reuters I/B/E/S. Tableau s software is used by companies such as Google Inc, Deere & Co, Sears Holdings Corp and affiliates of Verizon Communications Inc to retrieve large volumes of data.