In constant currencies, revenue was up 23 percent. The company's sales were split evenly for the year with half of license and first-year maintenance billings coming from its partner channel and the rest from direct sales. That was compared to 52 percent from the channel and 48 percent from direct sales for 2014. CEO Lars Bjørk noted that in the fourth quarter, strong results in the Americas and Europe offset continued weakness in Asia Pacific. He also said sales of the company's Qlik Sense line and its platform approach spurred revenue growth for the year.
CURRENCY WHACKS QLIK NET Featured
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.
