He indicated analysts thought license revenue was below expectations. Another asked if the company's new dual product strategy was possibly cannibalizing larger deals. MacCarrick said the license revenue was within the guidance range. For the most recently ended quarter, Qlik Tech lost $25.8 million, compared to $13.2 million in red ink a year ago. Revenue rose to $111.1 from $96.5 million a year earlier. The dual product strategy involves the veteran QlikView 11 line and the recently announced QlikView Next which is available in beta form. CEO Lars Björk emphasized Version 11 will be available as long as the market demands it and customers can move to Next when they like. He said there is no evidence that Next is cannibalizing sales of the older product. Next will be generally available in the second half of the year.
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QLIK TECH LOSS ALMOST DOUBLES Featured
Qlik Technology, which makes the Qlik View analytic line, turned in a loss for the first quarter ended March 31 that was nearly double the year ago figures as revenue rose by 15.1 percent. The most notable thing in last month's earnings calls was not the numbers but the views expressed by some analysts. One told CFO Tim MacCarrick that there is concern in the investment community "around your ability to make sure you hit the numbers" and asked if there was "Anything more you can say that would give the investment community comfort in your forecasts?"
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