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Tableau’s CFO: Our New Software Plan is Helping Us Gain Ground

Tableau Software’s (DATA) launch of a cheaper version of its analytics and data visualization software is helping drive an uptick in large deals and subscriptions, its new CFO says.

On Thursday afternoon, Tableau beat Q2 estimates and — while noting a shift in its sales mix from up-front software license payments to subscriptions is affecting its near-term revenue and margins — issued mixed guidance. Q3 revenue guidance was in line with consensus estimates, and full-year revenue guidance was favorably narrowed to a range of $965 million to $985 million from a prior range of $950 million to $985 million.

Source: realmoney.thestreet.com
Author: Eric Jhonsa

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