Talend Reports Third Quarter 2016 Financial Results 

REDWOOD CITY, Calif., Nov. 11 -- Talend (NASDAQ: TLND), a global leader in cloud and big data integration software, today released financial results for the third quarter ended September 30, 2016.

“Our record revenue in the third quarter of 2016 of $27.4 million underscores the demand for our next-generation integration solutions,” said Mike Tuchen, Talend CEO. “We had several notable achievements in the quarter. Our total revenue growth continued to accelerate with a 40% increase year-over-year, which is up from 38% in the second quarter. On a constant currency basis, our subscription revenue grew 44% year-over-year. Revenue from our cloud and big data solutions grew over 100% year-over-year for the seventh consecutive quarter, and we booked our largest single deal to date with one of the largest healthcare providers in the world. Talend also achieved free cash flow breakeven in the quarter, which we believe demonstrates the efficiency of our financial model. Overall we are pleased with our continued momentum and demonstrated leadership in big data and cloud integration, which positions us well for the remainder of 2016 and beyond.”

Free cash flow was $0.1 million, compared to free cash flow of ($2.7) million for the third quarter 2015. For the first three quarters of 2016 we were approximately free cash flow breakeven.

A reconciliation of IFRS to non-IFRS financial measures has been provided in the financial tables included in this press release below. An explanation of these measures is also included below, under the heading Non-IFRS Financial Measures.

Recent Business Highlights

• Announced the appointment of Concur founder and CEO, Steve Singh, to board of directors.
• Introduced a new Big Data Sandbox, a way for developers and companies to try Talend’s flexible platform and the latest big data platforms and technologies.
• Received Datanami’s 2016 Editor’s Choice Award in the category of “Best Big Data Innovator: Data Management” in addition to being appointed by Database Trends and Applications to its second annual “Big Data 50” list.

Financial Outlook

Talend’s outlook assumes similar business conditions and foreign exchange rates as of October 31, 2016.

Fourth quarter of 2016:

• Total revenue is expected to be in the range of $29.0 million to $30.0 million. This guidance reflects currency headwinds experienced between July 31, 2016 and October 31, 2016.
• Loss from operations is expected to be in the range of $6.7 million to $5.7 million.
• Net loss is expected to be in the range of $6.9 million to $5.9 million and non-IFRS net loss is expected to be in the range of $5.7 million to $4.7 million.
• Net loss per basic and diluted share is expected to be in the range of $0.24 to $0.21 and non-IFRS net loss per basic and diluted share is expected to be in the range of $0.20 to $0.16.
• Basic and diluted weighted average share count of 28.5 million shares on an IFRS and as converted basis.

Full year 2016:

• Total revenue is expected to be in the range of $104.5 million to $105.5 million.
• Loss from operations is expected to be in the range of $26.3 million to $25.3 million.
• Net loss is expected to be in the range of $26.7 million to $25.7 million and non-IFRS net loss is expected to be in the range of $23.0 million to $22.0 million.
• Net loss per basic and diluted share is expected to be in the range of $1.06 to $1.02 on an as converted basis and non-IFRS net loss per basic and diluted share is expected to be in the range of $0.91 to $0.87 on an as converted basis.
• Basic and diluted weighted average share count of 25.2 million shares on an as converted basis.

These statements are forward-looking and actual results may differ materially. Refer to the Forward-Looking Statements below for information on the factors that could cause our actual results to differ materially. An explanation of these measures is also included below under the heading Non-IFRS Financial Measures.

About Talend

Talend is a next generation leader in cloud and big data integration solutions that helps companies become data driven by making data more accessible, improving its quality and quickly moving data where it’s needed for real-time decision making. By simplifying big data through these steps, Talend enables companies to act with insight based on accurate, real-time information about their business, customers, and industry. Talend’s innovative open-source solutions quickly and efficiently collect, prepare and combine data from a wide variety of sources allowing companies to optimize it for virtually any aspect of their business. Talend (NASDAQ: TLND) is headquartered in Redwood City, CA. For more information, please visit www.talend.com and follow us on Twitter: @Talend.

Source: Talend