QLIK CHANNEL REVS GROW

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The channel for analytics specialist Qlik Technology chipped in 65 percent of license and first-year maintenance revenue for the first quarter ended March 31. The company said during this week’s earnings webcast that was up from 57 percent of the same segments a year ago. This is more from systems integrators than resellers, judging from the comments, and the total was affected by a multimillion dollar sale. Overall, Qlik reported a net loss of $30.3 million for the most recently ended period, compared to red ink of $25.9 million in last year’s corresponding quarter. First-quarter revenue was $120.3 million, an increase of 8 percent from $111.1 million and that was up 23 percent on a constant currency basis. The strength of the U.S. dollar against other currencies continues to play a role in results for companies with strong markets in Europe. CFO Tim MacCarrick said revenue in the Americas rose 16 percent, 19 percent in constant currencies. “The strong results in the Americas were driven by strong results across the region,” he said. Many analyst questions dealt with QuickSense, the company’s newest product. Executives said they were pleased with results but expect a much bigger impact from the new line in the second half.