2 year ago the IPO instantly created almost $3B of market capitalization for Tableau Software Inc. and since then it almost tripled, making Tableau the most “valuable” Data Visualization company (click on image to enlarge):
Tableau more then doubled the number of its Full-Time employees (almost 2200 now, roughly the same (or more?) as QLIK has) and more then doubled its Revenue (again, roughly the same as QLIK has). Tableau’s YoY growth still in range of 77%-100% per year, which is far, far more then any competition:
Combination of that growth with technological progress and new features of Tableau’s products led to huge growth of its share price – it reached in 1st week of June 2015 $115, while Qlik’s share price is hovering around $37 or even below (click on image to enlarge):
Visitors to this blog kept asking me of what is most impressive (for me) about Tableau and what are my concerns. I will list just 3 of each:
- most impressive: YoY (Year-over-Year growth ratio); migration to 64-bit (finally) and performance improvements; and increasing capacity of Tableau Public to 10 million rows and 10 GB storage.
- concerns: rumors that price of Tableau Server will be increased (I heard doubled; that can slow down the growth and the popularity of Tableau); moving CEO to Europe away from HQ (repeating of mistake of Spotfire and Qliktech, who had/have R&D in Europe – away from american HQ); and limited capacity of Tableau Online (basically it can be good only for small workgroup).
Not all of its huge success can be contributed to Tableau itself:
QLIK for example did not release Qlikview version 12 for last 4 years (but kept updating the last version, recently with release 11 (!) of Qlikview version 11.2). Another help Tableau got from TIBCO, who kept Spotfire inside strict corporate cage and went private with little change for Spotfire to be a spin-off. As a result, competition for Tableau during last 2 years was weaker then before its IPO and we are witnessing a massive migration to Tableau from competitive products.
Don’t assume that Tableau is slowing down: I visualized (using Tableau Public of course, see it here: https://public.tableau.com/profile/andrei5435#!/vizhome/Data2Months/TableausMarketCap ) the Tableau’s Market capitalization during last 52 business days and it keeps growing at least as fast as last 2 years:
Update 6/7/15: finally, just check the number of Job Openings @Tableau – 344 (as of today 6/7/15), @QLIK – 116 (3 times less then Tableau!), and only 1 (ONE!) opening for Spotfire… If you still think that Microstrategy can compete with Tableau, then please keep this in mind: as of today Microstrategy’s total number of Job Openings is … 50.