QLIK COSTS TURN NET RED

Lars Björk, Qlik TechnologyIncreased spending pushed Qlik Technology, which markets analytical software, to a loss. The company reported red ink of $14.4 million for the third quarter ended September 30, a swing from earnings of just under $3 million a year ago. Revenue for the most recently ended period was $131.3 million, an increase of 26 percent from $104.1 million. However, operating expenses for the quarter hit $121.9 million, a rise of 31.7 percent from $92.6 million a year ago.

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