Tableau Software, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total revenues were $282,289,000 against $212,880,000 a year ago. Operating loss was $20,965,000 against $44,887,000 a year ago. Loss before income tax expense was $14,099,000 against $40,858,000 a year ago. Net loss was $12,066,000 against $42,522,000 a year ago. Diluted net loss per share was $0.15 against $0.54 a year ago. Non-GAAP operating income was $37,751,000 against $7,322,000 a year ago. Non-GAAP net income was $35,694,000 against $7,945,000 a year ago. Non-GAAP net income per diluted share was $0.41 against $0.10 a year ago.

For the six months, the company reported total revenues were $528,496,000 against $412,786,000 a year ago. Operating loss was $71,344,000 against $98,401,000 a year ago. Loss before income tax expense was $63,016,000 against $93,147,000 a year ago. Net loss was $58,538,000 against $97,169,000 a year ago. Diluted net loss per share was $0.72 against $1.25 a year ago. Net cash provided by operating activities was $59,256,000 against $134,531,000 a year ago. Purchases of property and equipment were $11,076,000 against $33,860,000 a year ago. Non-GAAP operating income was $43,484,000 against $3,098,000 a year ago. Non-GAAP net income was $41,450,000 against $5,846,000 a year ago. Non-GAAP net income per diluted share was $0.48 against $0.07 a year ago.

The company expects third quarter 2018 total revenue to be between $236 million and $246 million, representing year-over-year growth of 12% when using the midpoint of the range. For the third quarter, the company expects non-GAAP operating loss of $12 million to $19 million. The company expects the non-GAAP loss per share range to be between $0.09 and $0.15. This also assumes $3 million in other income, primarily related to interest income on cash and investments. The company currently anticipates third quarter revenue under ASC 606 will be 13% to 15% higher than third quarter ASC 605 revenue.

The company narrowing fiscal year 2018 revenue expectations and now expects a range of $965 million to $985 million, representing year-over-year growth of 11% when using the midpoint of the range. The company now expects a fiscal year 2018 operating loss of 4% to 5% of total revenue.
The company estimate non-GAAP effective tax rate for 2018 to be 20%. The company continue to expects fiscal year 2018 capital expenditures to be between $35 million and $40 million, down from $61.8 million in fiscal year 2017. For the full year, the company expects to generate a non-GAAP loss per share of $0.30 to $0.40. This assumes $14 million of other income, primarily related to interest income from cash and investments.