Cloud Stocks: Talend Focuses On Data Reliability

According to a recently published report, the global cloud integration software market is expected to grow at CAGR of 12% through 2020 – 2025. Open source integration software vendor Talend (Nasdaq: TLND) recently reported its third quarter results. The company is focusing on expanding its data trust solutions to ensure that its consumers have access to reliable data.

Talend’s Financials

Talend’s revenues grew 16% to $72.7 million, ahead of the market’s forecast of $69.84 million. GAAP net loss was $20.3 million, compared with a loss of $13.5 million a year ago. On an adjusted basis, net loss was $0.16 per share, compared with a net loss of $0.37 per share forecast by the market.

By segment, subscription revenues grew 20% over the year to $66 million. Professional services revenues dropped to $6.7 million from $7.5 million a year ago.

Among other key metrics, Annual Recurring Revenue grew 20% over the year to $268.9 million. Cloud ARR improved 113% over the year to $87.9 million. Dollar-based net expansion rate came in at 107% on a constant currency basis.

For the fourth quarter, Talend forecast revenues of $74.2-$75.2 million with a loss of $0.32-$0.29 per share. The market was looking for revenues of $74.89 million with a loss of $0.30 per share. For the year, Talend forecast revenues of $282.2-$283.3 million with a loss of $0.85-$0.82 per share. The market was looking for revenues of $283.33 million with a loss of $0.83 per share.

Talend’s Growth Focus

During the quarter, Talend announced the extension of its data trust capability, Talend Trust Score. The extension enables customers to gain more confidence in data, thus allowing them to optimize business outcomes and reduce the risk involved in decision making based on faulty information. According to a recent survey conducted by Talend, 70% of the operational data workers that are dealing with company data on a day-to-day basis lacked confidence in their organization’s ability to deliver trusted data. Trust Score will change the perspective of these customers by giving them the ability to easily assess and improve data reliability in the cloud environment.

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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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