Qlik Sense’s Success and Domestic Market Drove Qlik’s Revenue Expansion in Q4

Business intelligence software vendor Qlik reported its fiscal 2015 fourth quarter earnings on February 11th.  The company’s 12% year on year revenue growth rate was primarily driven by strong adoption of Qlik Sense, which now comprises a quarter of Qlik’s total license revenues.   Currency headwinds and continued softness in the Asia-Pacific market negatively impacted the top-line growth. Indeed, on a constant currency basis, revenues for the quarter grew 22%. These trends, including good growth in Qlik Sense, currency headwinds and weakness in the Asia-Pacific market, are expected to continue in fiscal 2016. Consequently, revenue growth is likely to slow down slightly in the near to medium term.

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