Splunk, Cloud-software Co. Shares Decline In Wake Of Tableau Drop

By Wallace WitkowskiMarketWatch Pulse

Shares of Splunk Inc. and other next-generation cloud-software providers declined in the extended session Thursday after Tableau Software Inc.'s license revenue growth slowed. Splunk shares fell 12% to $41, as Tableau shares plummeted 46% to $44.60 after hours. While Tableau earnings and revenue topped Wall Street expectations for the fourth quarter, its license revenue growth slowed from the previous quarter, rising 31% on a year-over-year basis compared with a 57% jump in the third quarter. After hours, shares of Qlik Technologies Inc. fell 8%, Workday Inc. shares were down 7%, and Salesforce.com Inc. shares declined 5%.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below