Cloud Stocks: Talend Becomes A Private Firm, Once Again

Open-source data integration software vendor Talend (Nasdaq: TLND) recently reported its fourth-quarter results that surpassed market expectations. After a five-year run on the stock exchange, Talend is now getting ready to go back to being a privately held firm.

Talend’s Financials

Talend’s Q4 revenues grew 17% to $78.9 million, significantly ahead of the market’s forecast of $74.87 million. GAAP net loss was $19.6 million, compared with a loss of $11.7 million a year ago. On an adjusted basis, net loss was $0.10 per share, compared with a net loss of $0.30 per share forecast by the market.

By segment, subscription revenues grew 20% to $71.8 million. Professional services revenues declined to $7.2 million from $7.8 million a year ago.

Among other key metrics, Annual Recurring Revenue grew 19% to $288.7 million. Cloud ARR improved 101% over the year to $108.5 million. The dollar-based net expansion rate was 107% on a constant currency basis.

Talend ended the year with revenues of $287.5 million compared with $247.9 million a year ago. Net loss for the period increased from $61.6 million to $79.6 million.

For the first quarter, Talend forecast revenues of $77.5-$78.5 million with a loss of $0.27-$0.24 per share. The market was looking for revenues of $78.13 million with a loss of $0.25 per share. For the year, Talend forecast revenues of $327-$329 million with a loss of $0.89-$0.83 per share. The market was looking for revenues of $329.28 million with a loss of $0.85 per share.

Talend’s Growth Focus

During the quarter, Talend announced the extension of its partnership with Snowflake. The expanded contract will give Snowflake customers a two-week trial on Talend’s platform to let them experience Talend Data Fabric and Talend Trust Score. Talend Data Fabric is a single platform that delivers complete and uncompromised data in near real-time. The Talend Trust Score assesses data stored on Snowflake’s platform for reliability and measures data health by diagnosing and resolving data integrity issues in multi-cloud environments.

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Disclosure: All investors should make their own assessments based on their own research, informed interpretations and risk appetite. This article expresses my own opinions based on my own ...

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