Radnor-based QlikTech reports 2013 growth of 21%; Ranks near top of Gartner Magic Quadrant

Tom Paine

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Radnor-based QlikTech reported its year-end 2013 results this afternoon.

Total revenue for 2013 was $470.5 million, an increase of 21% from 2012. GAAP net loss was ($10.0) million, compared with GAAP net income of $3.8 million in 2012.

For 2014, QlikTech's guidance projects revenue between $545 and $555 million, and a bottom
line (non-GAAP) of $30 to $35 million. The revenue projections indicate growth of between
16 and 18%.

Although it offers a very different solution, QlikTech business intelligence competitor Tableau reported 95% revenue growth to $81.5 million earlier this month, and GAAP net income of $11.2 million.

Some will offer different explanations, but my sense is that Tableau is taking much of it
out of QlikTech's hide.

Update 3/1/2014: QlikTech CEO Lars Björk and one analyst tend to downplay Tableau as a direct competitor, though I remain unconvinced.

In an interview with TheStreet.com, Björk reviews the company's progress and emphasizes
its push into the healthcare sector:

Also, Gartner's 2014 BI Magic Quadrant was released last week,and you can see that QlikTech ranks very high among the leaders:

Links 2/20/2014: China investigating Qualcomm, InterDigital

Here’s why big cities aren’t getting Google Fiber anytime soon (Washington Post)

Why Comcast Always Wins: Money, Friends and Influence (The Wrap)

Comcast's Ambitions Go Beyond Cable—to Digital (Business Week)

Banking Startup Simple Acquired For $117M, Will Continue To Operate Separately (TechCrunch)
Sounds like a nice exit for First Round Capital and other investors.

University of Maryland says student records hacked dating back to 1998 (The Verge)

Now that Gigaom is all grown up, it’s time for the next chapter
(Om Malik/Gigaom)

China Investigating Qualcomm, InterDigital (AP via ABC News)

China Investigating Qualcomm's Pricing
(New York Times)
More on talks with InterDigital.

InterDigital Announces Fourth Quarter 2013 Financial Results (Globe Newswire)

Box Sales Lead Herbold Bolts to Make Way for New Hire From SAP (Re/code)