CURRENCY WHACKS QLIK NET
- Thursday, 11 February 2016
- News and Analysis
The growth of the American dollar took a bite out of the bottom line for Qlik Technology for the year ended December 31. The business analytics software vendor reported a net loss of $30.5 million, an increase 48 percent from red ink of $24.6 million in 2014. Qlik's revenue for last year was $612.7 million, up 10 percent from $556.8 million the prior year. But currency changes added $6.9 million in red ink to operating losses, a 250.1-percent rise from slightly less than $2 million in currency losses in 2014.
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