(Bloomberg) -- Tableau Software Inc., a maker of data analysis and charting software, saw its shares tumble as much as 52 percent in extended trading after it reported fourth-quarter license revenue that fell short of estimates, hurt by competition from cheaper alternatives.
License revenue was $133.1 million, Tableau said Thursday in a statement. That compared with an average analyst estimate of $135 million, said Abhey Lamba, an analyst at Mizuho Securities USA Inc. It’s the first time since the company’s initial public offering in 2013 that Seattle-based Tableau fell short on that key metric, he said.
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