Data visualization specialist Tableau has been killing it since its initial public offering in May, and the company’s most recent earnings statement proves it. Tableau earned $81.5 million in revenue during the fourth quarter — a 95 percent year-over-year increase — and $232.4 million for the entire year, an 82 percent increase over 2012.
To anybody who follows the business of data closely, these numbers probably don’t come as much of a surprise. Tableau users that I’ve met seem to love the product (as much anybody can love enterprise software), evidenced by the fact that Tableau added 1,800 new customer accounts and 179 deals worth more than $100,000 in the fourth quarter alone. It seems like every company in the big data space, from Cloudera to Trifacta, has a partnership with Tableau and mentions the company as the de facto choice for visualizing the data stored in systems such as Hadoop.
Tableau is often compared with QlikTech, another business intelligence vendor that went public in 2010, but although QlikTech is still bigger Tableau has all the momentum. QlikTech earned $104.1 million in its third quarter last year, which was only a 21 percent increase over 2012. Even...