(Bloomberg) -- Tableau Software Inc., a maker of data- analysis and charting software, saw its value plummet by half Friday after falling short of fourth-quarter estimates, dragging down bigger software companies such as Salesforce.com Inc., Adobe Systems Inc. and Workday Inc.
Tableau reported license revenue -- a key metric -- that fell short of estimates for the first time since its 2013 initial public offering, according to Abhey Lamba, an analyst at Mizuho Securities USA Inc. Software investors were concerned, and shares of Salesforce tumbled 13 percent, the biggest single- day decline since October 2008. Workday dropped 16 percent, its biggest plunge since October 2012 and Adobe’s 8.3 percent fall was the largest since September 2010.
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