Talend shares surge as Q4 revenue and profit beat, Q1 revenue view also higher

ZDNet 

Data transformation specialists Talend this afternoon reported Q4 revenue and profit that topped analysts' expectations, and forecast this quarter's sales higher as well. The report sent Talend shares surging by over 16% in late trading. Chief executive Christal Bemont called the quarter "strong," noting that the company's annualized recurring revenue specifically from cloud-based software more than doubled, year over year, to $108.5 million, higher than the company expected. Our results are a reflection of our team's continual execution on the go-to-market initiatives which I laid out one year ago. We continued to advance Talend's position as a strategic business partner by providing our customers with trusted data they can run their businesses on.

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