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Fifty Organisations in 18 Countries Using QlikView Through Change Their World Grant Program

QlikView Business Discovery platform empowers humanitarian organizations to deliver more efficient, effective outcomes in serving the world’s most vulnerable people

Radnor, PA - 2 May 2012

QlikTech, (NASDAQ: QLIK) a leader in Business Discovery – user-driven Business Intelligence (BI), today announced that its global corporate social responsibility program, Change Their World, has awarded 50 grants in 18 countries on 6 continents since launching in February 2010. Nonprofit organizations can apply for a QlikView Change Their World grant to receive free QlikView licenses, deployment and training to help them to gain visibility into data sources that can accelerate outcomes, connect donors with recipients, and make their good work better. Change Their World’s growth proves that QlikView is opening up infinite possibilities for advancing causes for the greater good.

Humanitarian and community-based grant recipients range from those that:

  • Support those impacted by AIDS: HopeHIV (UK) and Star for Life (Africa)
  • Help the poor: Christian Revival Centre (Uganda), World Vision (in APAC and US), and Caritas Spain
  • Promote and defend children’s rights: Plan International Spain and Plan Norge (Norway)
  • Empower women and girls in Africa: Zabuntu Zambia
  • Provide community services: Darussafaka Cemiyeti (services for orphans in Turkey), Handicap International (services for the disabled in Germany), SHEKEL (special needs services in Israel), Sunshine Inc (services for disadvantaged and special needs children in US), and Haus der Barmherzigkeit (care for the elderly in Germany)
  • Provide emergency support: Huntingdon County Emergency Management Agency (US) and Swedish Sea Rescue

“We are thrilled with the momentum of our Change Their World grant program,” said Lars Björk, CEO at QlikTech. "In tandem with an overwhelming response from QlikTech partners and employees, we have created a powerful community of giving that is empowering organizations at the forefront of charitable causes with an effective solution that allows them to focus on and carry out their good work."

Additional organizations that are leveraging QlikView grants include:

  • Doctors Without Borders (Sweden) is an international humanitarian medical organization with the mission to save lives and alleviate suffering. Doctors Without Borders is using QlikView to gain more information and effectively communicate with their target donor segments. The fundraising team has been able to track the results of campaigns and dig deeper into donors – from response rates to lifetime value of individual donors. The organization’s most valuable use of QlikView has been to visualize a five-year perspective, where they can compare the past to the future to more strategically make campaign decisions.
  • KIPP New Orleans, the Knowledge Is Power Program, (USA) is a national network of free open-enrollment college preparatory schools dedicated to preparing students in underserved communities for success in college and life. Recognizing the vast amounts of data in the education world, KIPP uses QlikView to enable teachers to better track students’ progress. KIPP New Orleans deployed QlikView to over 190 teachers and found the benefits overwhelming. Teachers are now able to input data about each student classroom performance, analyze it, and then quickly act on it as necessary whether that is changing curriculum or flagging an important need to parents.
  • HOPEHIV (United Kingdom) is helping some 50,000 vulnerable children and young people in 26 partner organizations across sub-Saharan Africa. Through its use of QlikView, HOPEHIV is starting to gauge how effective and efficient its fundraising strategies are to make better decisions about how to allocate critical funds.
  • The Shift Project (France), a think tank centered on climate change and energy issues, required a tool that allowed users to not only analyze but visualize global energy statistics. The organization integrated QlikView into its data portal, the first of its kind to provide immediate and free access to a wide range of datasets. Saving over €30,000 euros (approximately $39,000 dollars), The Shift Project has been able to create a user-friendly source of improved data for the public and has also begun to implement QlikView in human resources.
  • The Philadelphia Youth Network (USA) is a workforce development organization for local youth. PYN deployed QlikView to support its finance, workforce development, student payroll, and student activities departments. In employment costs alone PYN has been able to save to $30,000-$75,000 a year. PYN plans to enable its partner network to view external dashboards and expand its use into other municipalities.
  • AIDS Accountability International (Sweden) holds its stakeholder’s accountable through rating tools to increase transparency and empower advocacy for an improved response to AIDS. AAI launched the “Workplace Scorecard” which enables companies to monitor and benchmark their HIV/AIDS strategies and activities in the workplace. QlikView is used to help aggregate the data collected from the various organizations, identifying which need to improve their initiatives. With QlikView, AAI plans to include a wider range of global health and human rights data sources, providing a more complete picture of the response to AIDS.

Philanthropic organizations interested in applying for a Change Their World grant for free QlikView software and services can visit http://www.qlikview.com/changetheirworld.

About QlikTech

QlikTech (NASDAQ: QLIK) is a leader in Business Discovery—user-driven Business Intelligence (BI). QlikTech's powerful, accessible Business Discovery solution bridges the gap between traditional business intelligence solutions and standalone office productivity applications. Its QlikView Business Discovery platform enables intuitive user-driven analysis that can be implemented in days or weeks rather than months, years, or not at all. The in-memory associative search technology it pioneered allows users to explore information freely rather than being confined to a predefined path of questions. QlikView Business Discovery works with existing BI applications and adds new capabilities: insight for everyone, zero-wait analysis, mobility, an app–like model, remixability and reassembly, and a social and collaborative experience. Headquartered in Radnor, Pennsylvania, QlikTech has offices around the world serving approximately 25,000 customers in over 100 countries.

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QlikTech and QlikView are trademarks or registered trademarks of QlikTech or its subsidiaries in the U.S. and other countries. Other company names, product names and company logos mentioned herein are the trademarks, or registered trademarks of their respective owners.

QlikView publishes its pricing model.

Radnor, PA - 21 February 2012

QlikTech (NASDAQ: QLIK), a leader in Business Discovery—user-driven Business Intelligence (BI), today announced it has made its price list public on its website. In a move that calls for other enterprise software and business intelligence vendors to follow suit, QlikTech is taking the mystery out of purchasing software.

In its recent report “Six Steps to Negotiating a Better BI Deal”1 Forrester calls for buyers to, “Support the BI pricing revolution by demanding greater vendor transparency. Tell your BI vendors, that with everything else being equal, you’ll give preference to the vendors with more transparent pricing policies, such as published and freely available price lists.”

What the unveiled pricing illustrates is how models have evolved with the consumerization of IT. Traditional BI-created viewer license models are predicated on the fact that an elite few analysts were ‘power users’ worth the cost of a premium user seat. The people who need to use that data to make better decisions come at a less expensive viewer license cost based on the fact that they only need to see the dashboard or report. That philosophy is opposed to the current trend toward giving line of business users the opportunity to interact with their own data so they can be more effective in making discoveries for competitive advantage. QlikTech pricing reflects the fact that all users get a fully functioning QlikView app experience, not just a static view of the data. This allows every person in an organization to gain the functionality and performance for an experience that promotes frequent, pervasive use.

“With QlikTech’s history of putting the user experience first, it makes sense that their pricing model would reflect this,” says Wayne Eckerson, principal at BI Leader Consulting. “I hope other vendor’s follow QlikTech‘s lead and offer simplified and transparent pricing to make it easier for buyers.”

Forrester Research Inc., "Six Steps To Negotiating A Better BI Deal" (November 2011)

About QlikTech

QlikTech (NASDAQ: QLIK) is a leader in Business Discovery—user-driven Business Intelligence (BI). QlikTech's powerful, accessible Business Discovery solution bridges the gap between traditional business intelligence solutions and standalone office productivity applications. Its QlikView Business Discovery platform enables intuitive user-driven analysis that can be implemented in days or weeks rather than months, years, or not at all. The in-memory associative search technology it pioneered allows users to explore information freely rather than being confined to a predefined path of questions. QlikView Business Discovery works with existing BI applications and adds new capabilities: insight for everyone, zero-wait analysis, mobility, an app–like model, remixability and reassembly, and a social and collaborative experience. Headquartered in Radnor, Pennsylvania, QlikTech has offices around the world serving approximately 24,000 customers in over 100 countries.

QlikTech and QlikView are trademarks or registered trademarks of QlikTech or its subsidiaries in the U.S. and other countries. Other company names, product names and company logos mentioned herein are the trademarks, or registered trademarks of their respective owners.

QlikTech teams up with Trillium Software

Combined best-of-breed technologies to address customers’ data quality requirements.

Radnor - 15 November 2011

QlikTech, (NASDAQ: QLIK) a leader in Business Discovery—user-driven Business Intelligence (BI), today announced it has formed a technology and referral alliance with Trillium Software®, a business of Harte-Hanks, Inc. (NYSE:HHS) and a leading enabler of Total Data Quality solutions. As a result of close compatibility and technical connectivity with Trillium Software’s Trillium Software System® data quality solution, QlikView customers can more quickly and efficiently ensure the integrity and accuracy of business data flowing into a QlikView application. Customers across several industries including healthcare, financial services, retail, and public sector will benefit from this alliance, which addresses several issues such as data management, master data management (MDM), and data quality.

With the volume of data continuing to grow, global organizations are faced with the challenge of ensuring that the vast amount of complex source data they rely on for effective decision-making is accurate, complete, fit for its intended purpose and relevant. QlikView’s user-driven Business Discovery approach delivers an easy-to-use dashboard for simple, efficient data exploration and analysis. With Trillium Software’s proven data quality solution – that provides market-leading global data profiling, data cleansing, enhancement, and data linking capabilities – QlikView customers now benefit from the highest quality data to support mission-critical business processes and applications as well as improved strategic decision making.

“Companies view data quality as critical for key data initiatives including master data management, data warehousing, business intelligence, data governance and risk management. But, even more importantly, research shows that the quality of your data directly impacts business drivers and leads to important quantitative value and benefits that help enterprises perform optimally,” said David Pietropaolo, vice president of Global Alliances at Trillium Software. “Combined with QlikView’s complete Business Discovery platform, we’re offering customers the simplicity and ease of the QlikView experience with the certainty of knowing their enterprise data is accurate and of high value – from when data first enters the company and throughout its lifecycle – in order to ensure the best-possible business results.”

QlikView’s in-memory technology offers the fastest way to gain insight from data trapped in backend systems because it frees users from the traditional disk-based BI requirement of long, costly data integration projects. With QlikView, customers can consolidate data from various sources to produce a single view for analysis. Whether the data originates from CRM applications, financial applications, or other external data suppliers, there is often a wide variety in content, format, and the syntactic and semantic validity within these different data sources. Additionally, the data may be incomplete, inaccurate, outdated, or otherwise divergent. The combination of QlikView and Trillium Software establishes control and maximizes the integrity and value of an organization’s most important information assets.

“Trusted data is key,” said Peter McQuade, vice president of Global Alliances at QlikTech. “Trillium Software is recognized as an information quality market leader, with unique strengths in data discovery and cleansing that complements the robustness of QlikView’s broader data management offering.  In order to provide our customers with the most effective data-cleansing and matching functionality, we are committed to teaming with the industry’s best-of-breed vendors to deliver leading data-quality and integration functionality from a single platform.”

Recently, QlikView was ranked first among the BI Giants peer group in customer loyalty, performance satisfaction (least complaints), bought for features, inclination to purchase more licenses, overall competitiveness, and product quality. The BI Survey 10, conducted by the Business Application Research Center (BARC), is the world's largest independent survey of Business Intelligence (BI) and Performance Management (PM) users.

About Trillium Software

Harte-Hanks Trillium Software® enables organizations to achieve Total Data Quality by providing a full complement of technologies and services providing global data profiling, data cleansing, enhancement, and data linking for e-business, customer relationship management, data governance, enterprise resource planning, supply chain management, data warehouse, and other enterprise applications. For more information about Trillium Software and its offerings, call (978) 436-8900 in the United States and in the United Kingdom call +44 (0) 118 940 7666, or visit Trillium Software online at http://www.trilliumsoftware.com.

About QlikTech

QlikTech (NASDAQ: QLIK) is a leader in Discovery—user-driven Business Intelligence (BI). QlikTech's powerful, accessible Business Discovery solution bridges the gap between traditional business intelligence solutions and standalone office productivity applications. Its QlikView Business Discovery platform enables intuitive user-driven analysis that can be implemented in days or weeks rather than months, years, or not at all. The in-memory associative search technology it pioneered allows users to explore information freely rather than being confined to a predefined path of questions. QlikView Business Discovery works with existing BI applications and adds new capabilities: insight for everyone, zero-wait analysis, mobility, an app–like model, remixability and reassembly, and a social and collaborative experience. Headquartered in Radnor, Pennsylvania, QlikTech has offices around the world serving more approximately 22,000 customers in over 100 countries.

QlikTech and QlikView are trademarks or registered trademarks of QlikTech or its subsidiaries in the U.S. and other countries. Other company names, product names and company logos mentioned herein are the trademarks, or registered trademarks of their respective owners.

This document may contain trademarks that are owned or licensed by Harte-Hanks, Inc. and its subsidiaries, including, without limitation, Trillium Software® and Total Data Quality™, and other names and marks.  All other brand names, product names, or trademarks belong to their respective holders.

Healthcare Providers Score 91% for QlikView Business Discovery

Radnor, PA - 23 August 2011

QlikTech, (NASDAQ: QLIK) a leader in Business Discovery – user-driven Business Intelligence (BI), today announced it has received an overall performance score of 91 out of 1001 in the “Business Intelligence: Making Cents of Performance” report by KLAS, a research firm specializing in monitoring and reporting healthcare vendor performance. Making its debut in this year’s report, QlikView’s overall score in the Enterprise Business Intelligence category is based on direct feedback from healthcare providers who have used QlikView and measures performance in areas such as product quality, implementation, and support.

Today, public and private healthcare providers struggle with operational visibility into information spread across their numerous clinical, financial, and resource planning systems. This inability to efficiently access, aggregate and explore data substantially contributes to mounting financial strains, patient wait times, resource constraints, and vulnerability to medical errors.

QlikView brings unprecedented simplicity, flexibility and scalability to such healthcare information challenges. According to KLAS, “QlikView customers particularly highlight the in-memory technology, noting near real-time data and faster dashboard creation, helping departments more quickly act on patient outcomes and financial performance.”2 Through QlikView’s powerful, accessible Business Discovery solution, healthcare providers such as Centerstone Research Institute (CRI), Children’s Hospital of Atlanta (CHOA), and ThedaCare now have an integrated view of information, providing actionable insights from billions of records in seconds – improving healthcare delivery.

1 Because KLAS defines QlikView as an “early-data solution” in the healthcare industry, it did not meet the minimum KLAS Konfidence levels to be ranked in this report. KLAS does not use the term Konfidence to apply to KLAS’ trust or reliance in the vendor’s product. A KLAS Konfidence level defines the range in the number of organizations that have evaluated a given vendor, product, or service.

2August 2011 “Business Intelligence: Making Cents of Performance,” © 2011 KLAS Enterprises, LLC. All rights reserved. www.KLASresearch.com.

According to a QlikView customer surveyed by KLAS,3 “We used QlikTech QlikView to build what our operational management uses to manage their business. It was unbelievable to provide all of that to them using QlikTech QlikView. I have never seen customers so appreciative before. They were just blown away that they could have that type of fingertip access in such a short time. They were used to making requests and getting the question back in a couple of weeks.”

“Healthcare providers are recognizing the need to create a culture of data driven decision-making with the ultimate goals of improving patient care and operational efficiency,” said Ellen Derrico, Director Global Market Development, Life Sciences & Healthcare at QlikTech. “Receiving such a high overall score in this KLAS report is a testament to the more than 500 healthcare providers worldwide that have turned to QlikView to overcome their information challenges and improve their organizational performance.”

About QlikTech

QlikTech (NASDAQ: QLIK) is a leader in Business Discovery -- user-driven Business Intelligence (BI). QlikTech’s powerful, accessible Business Discovery solution bridges the gap between traditional business intelligence solutions and standalone office productivity applications. Its QlikView Business Discovery platform enables intuitive user-driven analysis that can be implemented in days or weeks rather than months, years, or not at all. The in-memory associative search technology it pioneered allows users to explore information freely rather than being confined to a predefined path of questions. QlikView Business Discovery works with existing BI applications and adds new capabilities: insight for everyone, zero-wait analysis, mobility, an app–like model, remixability and reassembly, and a social and collaborative experience. Headquartered in Radnor, Pennsylvania, QlikTech has offices around the world serving more than 19,000 customers in over 100 countries.

About KLAS

KLAS is a research firm specializing in monitoring and reporting the performance of healthcare vendors. KLAS' mission is to improve delivery, by independently measuring vendor performance for the benefit of our healthcare provider partners, consultants, investors, and vendors. Working together with executives from more than 4,500 hospitals and over 2,500 clinics, KLAS delivers timely reports, trends and statistics, which provide a solid overview of vendor performance in the industry. KLAS measures the performance of software, professional services, medical equipment and infrastructure vendors. For more information, go to www.KLASresearch.com.

QlikView announces 4th Quarter and Full year 2010 results

Total revenue of $81.4 million increases 32% compared to fourth quarter of 2009.
License revenue of $56.3 million increases 29% compared to fourth quarter of 2009.
2010 total revenue of $226.5 million increases 44% compared to 2009.
2010 license revenue of $145.2 million increases 45% compared to 2009.

Radnor, PA - 1 March 2011

(BUSINESS WIRE) — Qlik Technologies Inc. (QlikTech) (NASDAQ: QLIK), a leader in Business Discovery™– user-driven Business Intelligence, today announced financial results for the fourth quarter and full year ended December 31, 2010.

Lars Björk, Chief Executive Officer of QlikTech, stated, "The fourth quarter was highlighted by revenue that significantly exceeded our expectations, increasing 32% year-over-year. This was driven by a combination of strong market demand, solid execution and QlikTech's disruptive value proposition. We have been pioneering an evolution in business intelligence, Business Discovery™, our unique data discovery and user-driven BI, which is expanding the market by addressing the ease-of-use and quick time to value needs of business users."

Björk added, "We further accelerated the company's hiring plans as a result of our strong momentum, increasing our headcount in order to effectively staff up in anticipation of expected 2011 demand. As we look to 2011, we will continue to invest in the business in order to capitalize on our product leadership position and gain market share. At the same time, we remain focused on growing our profitability and delivering incrementally higher operating margins."

Financial Highlights for the Fourth Quarter Ended December 31, 2010

Total revenue for the fourth quarter of 2010 was $81.4 million, an increase of 31.6% from $61.8 million in the fourth quarter of 2009. License revenue was $56.3 million, an increase of 29.0% from $43.7 million in the fourth quarter of 2009. Maintenance revenue was $18.3 million, an increase of 43.1% from $12.8 million in the fourth quarter of 2009. Professional services revenue was $6.8 million, an increase of 26.1% from $5.3 million in the fourth quarter of 2009.

GAAP operating income for the fourth quarter of 2010 was $16.6 million, or 20.3% of revenue, compared to GAAP operating income of $20.5 million, or 33.2% of revenue for the fourth quarter of 2009. GAAP net income was $10.6 million, or $0.12 per diluted common share, compared to a GAAP net income of $15.3 million, or $0.16 per diluted common share, in the fourth quarter of 2009.

Non-GAAP operating income, which excludes stock-based compensation, secondary offering expense and severance, was $18.4 million for the fourth quarter of 2010, representing a 22.6% non-GAAP operating margin. Non-GAAP operating income was $20.9 million, or 33.8% of revenue, for the fourth quarter of 2009.

Non-GAAP net income was $13.0 million, or $0.15 per diluted common share, for the fourth quarter of 2010. Non-GAAP net income was $14.6 million, or $0.18 per diluted common share, for the fourth quarter of 2009. The decrease in GAAP and non-GAAP net income was primarily a result of accelerated hiring and associated employee-related costs, as well as lead generation costs during the fourth quarter of 2010.

GAAP and non-GAAP net income for the fourth quarter of 2010 includes $0.4 million of foreign exchange losses, compared to foreign exchange gains of $0.3 million in the prior year period.

Financial Highlights for the Full Year Ended December 31, 2010

Total revenue for the full year 2010 was $226.5 million, an increase of 44.0% from $157.4 million in the full year 2009. License revenue was $145.2 million, an increase of 45.4% from $99.9 million in the full year 2009. Maintenance revenue was $59.8 million, an increase of 44.6% from $41.4 million in the full year 2009. Professional services revenue was $21.5 million, an increase of 33.2% from $16.1 million in the full year 2009.

GAAP operating income for the full year 2010 was $27.6 million, or 12.2% of revenue, an increase compared to GAAP operating income of $13.2 million, or 8.4% of revenue for the full year 2009. GAAP net income was $13.5 million, or $0.21 per diluted common share, an increase compared to GAAP net income of $6.9 million, or $0.06 per diluted common share, for the full year 2009.

Non-GAAP operating income, which excludes stock-based compensation, secondary offering expense, and severance was $31.7 million, or 14.0% of revenue, for the full year 2010, an increase compared to non-GAAP operating income of $14.6 million, or 9.3% of revenue, for the full year 2009. Non-GAAP net income was $17.9 million or $0.21 per diluted common share for full year 2010, an increase compared to non-GAAP net income of $7.3 million, or $0.09 per diluted common share, for the full year 2009.

GAAP and non-GAAP net income for the full year of 2010 includes $4.4 million of foreign exchange losses, compared to foreign exchange losses of $1.6 million for the full year 2009.

The tables at the end of this press release include a reconciliation of GAAP to non-GAAP income from operations and net income for the three and twelve months ended December 31, 2009 and 2010. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures."

Cash and cash equivalents were $158.7 million on December 31, 2010, compared to $24.9 million on December 31, 2009. The increase in cash was primarily the result of approximately $120 million in net proceeds that were raised through the company's initial public offering, which was completed on July 21, 2010. For the year ended December 31, 2010, net cash provided by operating activities was $25.9 million, an increase of $12.9 million compared to the year ended December 31, 2009.

Other Fourth Quarter 2010, Full Year 2010 and Recent Business Highlights

  • Ended 2010 with an active customer count of approximately 18,000, up from approximately 13,000 customers in 2009.
  • Added new customers during the fourth quarter including, ANZ Bank, Bournemouth University, KIPP NY, National Automotive Dealer Association Used Car Guide, New York Presbyterian Hospital, Philadelphia Youth Network Kraftanlagen München, Midlands Co-operative Society Ltd, News International, Rigsadvokaten (Prosecutors' Office of Denmark), Sportsbet, Stockholms Läns sjukvårdområde (Stockholm Health Care System) and Unicer.
  • During the fourth quarter, QlikTech expanded numerous engagements globally through our land and expand strategy, including Aon UK, Deloitte Netherlands, Freixenet, Gina Tricot AB, Healthsouth, K-citymarket Oy, Niscayah Group AB, Pernod-Ricard Russia, and Qualcomm.
  • For the fourth quarter, revenue in the Americas was $26.8 million, up 81.1% over the prior year period and representing 33% of total revenue. European countries generated $48.5 million in revenue, up 13.0% over the prior year period and representing 60% of total revenue. Rest of World revenue was $6.1 million, up 49.3% over the prior year period and representing 7% of total revenue.
  • Positioned in the Leaders Quadrant in the Gartner Group 2011 Business Intelligence Platform Magic Quadrant report. QlikTech secured a coveted position in the Leaders Quadrant based on its completeness of vision and ability to execute. We believe that this further confirms that user-centric breed of business intelligence or Business Discovery™ is taking hold.
  • Strong initial QlikView 10 user feedback indicating our development focus is meeting customers' requirements and further enabling their use of the product.
  • Signed multinational agreement with Logica to capture additional enterprise business opportunities in business intelligence market. Building on the company's existing regional relationships with Logica, the new partnership expands QlikView's solutions now being offered across Logica's enterprise clients.
  • Lars Björk, CEO of QlikTech, was named the Ernst & Young Entrepreneur Of The Year® 2010 U.S. winner in the Technology category.

Business Outlook

Based on information available as of March 1, 2011, QlikTech is issuing guidance for the first quarter and full year 2011 as follows:

First Quarter 2011: The company expects total revenue for the first quarter to be in the range of $52.0 million to $55.0 million, non-GAAP operating loss to be in the range of ($3.0) million to ($5.0) million and non-GAAP net loss per common share to be in the range of ($0.03) to ($0.05). QlikTech's expectations of non-GAAP net loss per common share for the first quarter exclude stock-based compensation expense and employer payroll taxes related to stock transactions and assume a tax rate of 32% and weighted average shares outstanding of approximately 79 million.

Full Year 2011: The company expects 2011 total revenue to be in the range of $280.0 million to $290.0 million, non-GAAP operating income to be in the range of $42.0 million to $46.0 million and non-GAAP net income per diluted common share to be in the range of $0.32 to $0.35. QlikTech's expectations of non-GAAP net income per diluted common share for the full year exclude stock-based compensation expense and employer payroll taxes related to stock transactions and assume a tax rate of 32% and weighted average shares outstanding of approximately 88 million.

Conference Call and Webcast Information

QlikTech will host a conference call on March 1, 2011, at 5:00 p.m. Eastern Time (ET) to discuss the company's fourth quarter and full year financial results and its business outlook. To access this call, dial 877-312-5507 (domestic) or 253-237-1134 (international). A replay of this conference call will be available until March 10, 2011 at 800-642-1687 (domestic) or 706-645-9291 (international). The replay pass code is 37568407. A live web cast of this conference call will also be available under the "Events & Presentations" section on the company's investor relations website at http://investor.qlikview.com/, and a replay will be archived on the website as well.

Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with generally accepted accounting principles, or GAAP, QlikTech uses measures of non-GAAP operating income, non-GAAP net income and non-GAAP income per share. A reconciliation of these non-GAAP financial measures to the closest GAAP financial measure, is presented in the financial tables below under the heading "Reconciliation of Non-GAAP Measures to GAAP". QlikTech believes that the non-GAAP financial information provided in this release can assist investors in understanding and assessing QlikTech's on-going core operations and prospects for the future and provides an additional tool for investors to use in comparing QlikTech's financial results with other companies in QlikTech's industry, many of which present similar non-GAAP financial measures to investors.

For the fourth quarter and full year 2010, non-GAAP operating income was determined by taking income from operations and adding back non-cash stock-based compensation expense, secondary offering expense and severance expense. Non-GAAP net income was determined by taking pretax income and adding back non-cash stock-based compensation expense, secondary expense and severance expense, and the result was tax affected at an estimated long-term effective tax rate of 28%. QlikTech excluded severance expense in its non-GAAP financial measures because it believes these costs are non-recurring and unrelated to its ongoing operating performance. QlikTech believes these adjustments provide useful information to both management and investors. For the fourth quarter and full year 2010, non-GAAP income per share was determined by taking non-GAAP net income and adjusting the weighted average outstanding common share calculations for the automatic conversion of the convertible preferred stock and issuance of common stock in connection with the company's initial public offering as if the offering had occurred at the beginning of each respective period.

This press release includes forward-looking non-GAAP financial measures under the heading "Business Outlook". These non-GAAP financial measures were determined by excluding stock-based compensation expense and employer payroll taxes related to stock transactions and assuming an estimated long-term tax rate of 32%. We are unable to reconcile this non-GAAP guidance to GAAP because it is difficult to predict the future impact of these adjustments.

The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant elements that are required by GAAP to be recorded in QlikTech's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management in determining these non-GAAP financial measures. In order to compensate for these limitations, management of QlikTech presents its non-GAAP financial measures in connection with its GAAP results. Investors are encouraged to review the reconciliation of our non-GAAP financial measures to their most directly comparable GAAP financial measure. As previously mentioned, a reconciliation of our historic non-GAAP financial measures to their most directly comparable GAAP measures has been provided below.

QlikView used to track down alleged serial killer in Sweden

Solution Credited For Critical Information Discovery In One Minute Rather than Nine Months

Radnor, PA - 15 February 2011

QlikTech, (NASDAQ:QLIK) a leader in Business Discovery – user-driven Business Intelligence, today announced that police analysts in Sweden have used QlikView to assist with a high profile crime case which lasted more than a year. QlikView has enabled the police to analyze data and reports that would have taken one police officer in excess of 43 years.

“Speed is of essence in any police work all over the world,” said Police analyst Berth Simonsson. “With this ground breaking technology, we can save lives, predict crime and target anti-social behavior.”

The crimes took place in the Swedish city of Malmö where people were shot at while they stood at bus stops, sat in their cars, and moved about indoors. One person has died and several others have been wounded in the attacks. The Skåne (southern Sweden) police department currently has approximately 100 QlikView applications, rolled out over the past 3 years. Malmö police analyst Berth Simonsson is part of a team of two who support 3,500 people in the police force, including about 50 analysts. Although the Malmö police department is a long-time customer of QlikView, it had never been used to analyze criminal activity.

For this case, the analysts loaded 10 years’ worth of crime reports (two million reports, comprising two billion rows of data) into an existing QlikView application. It took three hours to load the data and configure interactive reports, and then police analysts could immediately begin investigating the data. Because of the power of QlikView to analyze multiple data streams from any source, the police department was also able to add in and cross reference information from the “tip line” submitted from vigilant citizens.

Simonsson commented, "QlikView has been a labor-saving tool for the police. Police analysts ask questions and QlikView delivers answers instantly. Instead of going through the reports manually, we have been able to go through lots of information quickly to find the link that otherwise would have been hard to detect."

Nine months of work in one minute. Without QlikView, police analysts would have had to read every crime report manually to search for clues that might lead them to a suspect. Simonsson estimated that it would have taken three people three months to read through just one year of reports. With the additional 10 years' worth of historical data for this serial killer case, analyzing the entire set could have taken 43 years for one officer to analyze.

Instant analysis as powerful investigative tool. If police analysts have an idea about a case, they can use QlikView to test clues. They can search for any city, time of day, reported behavior, or other details. The QlikView associative experience enables them to explore trends in the data. If they find something of interest (e.g., red car or red truck), they can click a button to view the entire crime report immediately.

Expanding Use to Fight Crime
Now that the police analysts have experienced the power of QlikView for solving crimes, they are planning to use it more broadly. The department checks about 10,000 people every year in Skåne and they can use QlikView to analyze who has been checked and when. Applications for car theft and street crimes like assaults are in the plan and the department has goals of using QlikView to reduce crimes in specific areas.

Logica and QlikTech sign agreement

Initiatives planned to incorporate QlikView into more global enterprise solutions for clients.

Radnor PA - 10 February 2011

QlikTech (Nasdaq: QLIK) today announced its position as a global business intelligence partner of Logica, the leading business and technology company. Building on the company’s existing regional relationships with Logica, the new partnership will expand QlikView’s solutions being offered across Logica’s enterprise clients.

“We recognize that information-rich organizations are looking for easier to use, more agile solutions around business intelligence. To support that growing need, we are building a substantial global capability around QlikView’s Business DiscoveryTM approach. This global partnership signals that we are actively leveraging our strong industry consulting and business intelligence skills, and increasing the focus on analytics to improve the value we bring to customers,” said Stéphane Jaubert, Managing Director of BI at Logica. “We believe we can help QlikView meet the challenges of enterprise deployments and strengthen the benefits of consumer-oriented business intelligence.”

To date, Logica has more than 100 consultants trained on QlikView throughout Europe. More than a dozen new client relationships with government and high-profile private sector organizations have been established with QlikView as part of an overall Logica solution.

“Logica’s business reach across Europe has been an important addition to our partner channel,” said Peter McQuade, QlikTech’s VP of Global Alliances. “Thanks to the work of partner teams from both companies, Logica has experienced significant regional proof of QlikView success which has led to its proactive coordination to expand QlikView adoption throughout its global BI practice. Logica is a strong example of how QlikTech seeks to grow strategic relationships with leading IT companies to address the strong demand for non-traditional BI.”

Partnership successes in Europe

In Finland, Logica has included QlikView for data analysis and reporting as part of their “Municipalities Model” for integrating systems to run municipalities more efficiently, and is moving forward with other solution models for public and private sectors clients.

In France, Logica has leveraged its QlikView success in the Nordics with internal knowledge transfer and local training to win new contracts. This includes a third-party maintenance agreement with a major pharmaceutical company.

In Portugal, QlikView has become an important BI offering. Through Logica, QlikView has been adopted by key organizations in both national tourism and major retailers.

About Logica

Logica is a business and technology service company, employing 39,000 people. It provides business consulting, systems integration and outsourcing to clients around the world, including many of Europe's largest businesses. Logica creates value for clients by successfully integrating people, business and technology. It is committed to long term collaboration, applying insight to create innovative answers to clients’ business needs. Logica is listed on both the London Stock Exchange and Euronext (Amsterdam) (LSE: LOG; Euronext: LOG). More information is available at www.logica.com.

QlikView at the Gartner BI Summit in London

Last week at the Gartner BI Summit in London, QlikTech’s Senior VP of Products Anthony Deighton sat on a panel titled, “In with the ‘New’ and Out with the ‘Old?’ Risks, Benefits, and Reality of New Technologies.” On stage, he was accompanied by executives from Hewlett-Packard, IBM, SAP, and Teradata. 

The format of this session was a lot of fun. Gartner research VP Nigel Rayner presented a series of statements to the audience and asked us to hold up colored cards to indicate how strongly we agreed (green card) or disagreed (red card) with each statement. Yellow cards represented “undecided” or “maybe.” While participants were preparing their answers to each question, the panelists also selected cards to hold up. Their cards said, “strongly agree,” “agree,” “neutral,” disagree,” or “strongly disagree.” After all opinions were out in the open, Nigel Rayner facilitated discussions with the vendors. Here’s how it all shook out.

Lots of us agreed on a few things

  • "In the future, users will prefer to buy BI and analytics software combined with hardware from a single vendor"―not! Most people in the audience said they disagreed with this statement, with about 20% saying they agreed. Anthony Deighton strongly disagreed, as did Teradata. SAP was neutral. HP and IBM agreed. IBM’s view was that integrated, optimized hardware/software solutions benefit customers.
  • "iPads, tablets, and other mobile devices will significantly increase the penetration of BI among end users." Most of the people in the audience agreed. The others were split, with approximately 5% disagreeing and 5% undecided. The vendors all strongly agreed. IBM commented that mobility will drive collaboration as organizations link BI into social networks.
  • "Predictive analytics will move from specialist applications to be widely used by business users in decision making." The audience was in strong agreement, with only 5%-10% disagreeing or undecided. All the vendors strongly agreed except SAP, which strongly disagreed. SAP said that if predictive analytics were that useful, more people would already be doing it. One possibility is that the problem isn't so much technology as the limited number of business people who have the statistical skills to know how to use predictive analytics tools.

Areas of uncertainty remain

  • "SaaS will become the dominant delivery capability for BI and analytics"―the jury is still out. The audience offered lots of yellow cards (undecided votes) and a rough split between "agree" and "disagree." QlikTech’s Anthony Deighton strongly disagreed, saying that with security concerns and ever-increasing volumes of data, the value proposition for SaaS-based BI isn’t all that apparent.
  • "Open source BI will become a significant force in the market"―opinions were mixed. In the audience, red cards were dominant, with yellows and greens evenly split. All of the vendors strongly disagreed except HP, which agreed, and Teradata, which strongly agreed. Teradata said it’s conceivable that components of open source BI technology might find their way into Teradata offerings at some point.
  • "Growth in BI spending by line of business will outpace BI spending under IT's direct control"―maybe. Roughly 60% of the audience said they agreed, but quite a lot of people also held up red cards. The panelists were mixed. Anthony Deighton strongly agreed because he believes that to be successful, BI projects must be a partnership between IT and other parts of the business.
  • "In-memory will be the dominant technology for all aspects of BI within 10 years"―perhaps. About half of the audience said they agreed, with the rest split between “disagreed” and “undecided.” HP and SAP, as well as Anthony Deighton, strongly agreed. IBM agreed, while Teradata strongly disagreed. Teradata said that some data will reside in memory but not all of it. He made the point that customers are going to want to buy the cheapest input/outputs (IOs) and storage possible, and use hierarchal storage with their BI solutions.

Lots of great discussion took place during this panel, and we were proud to be a part of it!


Posted 02/07/2011 07:54 by Erica Driver
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