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QlikTech Announces Third Quarter Results

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The business intelligence (BI) software provider announces total revenue of $50.3M.

Business intelligence software provider, Qlik Technologies Inc. (QLIK), has announced financial results for the three month period ended September 30, 2010. According to this financial report on Market Watch, total revenue for the third quarter of 2010 was $50.3 million, an increase of 39% from $36.3 million in the third quarter of 2009.

"Lars Bjork, chief executive officer of QlikTech, stated, 'We are very pleased with the company's execution and continued market demand in the third quarter, which led to revenue growth that was ahead of our expectations. Our value proposition, which helps business users find real-time answers to their critical business questions and provides our customers rapid return on investment, continues to resonate well in the marketplace. In addition, we believe the recent launch of QlikView 10 further extends our market leadership position by delivering usability, performance and openness that sets a new standard for data exploration and analysis for business users across organizations of all sizes.'"

Read the Full Story at Market Watch

This article was originally published on November 5, 2010
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