The Seattle data analytics company’s third-quarter earnings report, showing strong revenue growth, handily beat analyst expectations/

Share story

Tableau, reporting its third-quarter results Thursday, crushed analyst expectations, posting a revenue increase of 64 percent to $170.8 million for the quarter.

Tableau’s stock price climbed as much as 21 percent to $101.88 in after-hours trading Thursday and after the report was released.

Analysts had expected the Seattle data analytics company to post revenue of $157.7 million.

The apparent rise in investor confidence came even though the company posted a net loss of $13.4 million for the quarter, compared with $4.6 million loss a year earlier.

On an adjusted basis, Tableau’s earnings per share of 14 cents were double the expected 7 cents a share. Adjusted earnings do not include stock-based compensation and income tax.

“I am very pleased with Tableau’s performance this quarter,” CEO Christian Chabot said in a statement. “We continue to demonstrate solid business growth as more customers embrace the Tableau way of analytics with great enthusiasm and success.”

Tableau said it added 3,100 customers during the quarter, bringing it to more than 35,000 worldwide. Many of those customers are large businesses.

The company has been on a steady growth path in recent months, including announcing several planned expansions to its real estate footprint. Tableau, which has its main headquarters on the Burke-Gilman trail in Fremont, will expand further into 210,000 square feet in an under-construction building just north of Gas Works Park.