The hits keep coming this afternoon.
On the surface, the company reported solid results. However, licensing revenues are slowing down at a significant pace, +31% Y/Y vs. +57% in Q3.
Reports Q4 (Dec) earnings of $0.33 per share, $0.18 better than the Capital IQ Consensus of $0.15; revenues rose 41.9% year/year to $202.8 mln vs the $200.66 mln Capital IQ Consensus.
- License revenue grew to $133.1 million, up 31% year over year.
- International revenue grew to $53.7 million, up 63% year over year.
- Added more than 3,600 new customer accounts.
- Closed 414 transactions greater than $100,000, up 36% year over year.
Shares are down nearly 40% in after hours.
Related software plays are down in sympathy, including CRM (-4%), SPLK (-9%), WDAY (-3.3%).
Guidance on the call is as follows:
- Q1
- DATA sees Q1 EPS in the range of ($0.12)- ($0.08), Capital IQ consensus $0.15
- DATA sees revenue in the range of $160-165 mln, Capital IQ consensus $179.53 mln.
- FY16
- Sees 2016 EPS in the range of $0.22-0.35, Capital IQ consensus $0.61.
- Sees FY16 Revenue in the range of $830-850 mln, Capital IQ consensus $871 mln (Prior $845-865 mln)
- Q1 seasonality will be amplified
- 2016 an investment year.
seems legit