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Cloud Stocks: Talend Expands Data Offering Through Partners

Posted on Tuesday, Jul 21st 2020

According to a recent report by Mordor Intelligence, the global cloud integration software market is expected to grow 12% annually over the next five-year period driven by the growing demand for cloud computing services across the industries. Open source integration software vendor Talend (Nasdaq: TLND) recently reported a strong first quarter.

Talend’s Financials

Talend’s revenues grew 18% over the year to $68.1 million, significantly ahead of the market’s forecast of $64.93 million. GAAP net loss was $18.1 million, compared with a loss of $17.7 million a year ago. On an adjusted basis, net loss was $0.13 per share, compared with a net loss of $0.29 per share forecast by the market.

By segment, subscription revenues grew 22% over the year to $60.9 million. Professional services revenues reduced to $7.2 million from $7.8 million a year ago.

Among other key metrics, Annual Recurring Revenue grew 20% over the year to $245.9 million. Cloud ARR improved 150% over the year to $61.1 million. Dollar-based net expansion rate came in at 111% on a constant currency basis.

For the second quarter, Talend forecast revenues of $65-$67 million with a loss of $0.34-$0.31 per share. The market was looking for revenues of $66.51 million with a loss of $0.40 per share. Talend did not provide a guidance for the year.

Talend’s Growth Focus

Talend continues to drive growth by making data useful for all organizations and ensuring that its customers always have access to the data they need. The current crisis has accentuated the need for fast and accurate data. To continue to expand its market position, the company has been releasing several new products and has entered into deeper partnerships.

Earlier last quarter, it announced the winter release of Talend Data Fabric, its flagship platform. The latest update will continue to strengthen its cloud capabilities and partnerships by offering new advanced support for Microsoft Azure, Amazon Web Services, and Google Cloud. The release introduces a new data inventory app that will boost an organization’s data governance program by creating an inventory of the information they have, its location, and who has access to it. Additionally, the winter release will offer new tools that will ensure the quality of data within a company. An in-flight data quality feature will eliminate bad data before it enters the enterprise and an automatic trust score that delivers an immediate health assessment of corporate information.

Within its ecosystem of partners, it recently expanded its partnership with Databricks to provide data for machine learning workloads to drive the ability to quickly unlock insights for business needs. It also announced the availability of Talend Cloud in Microsoft Azure marketplace to allow the application to reach more customers operating on Azure.

Besides products and partners, Talend is focusing on driving growth and meeting its objective of being the leading global data integration and integrity platform. As part of this objective, it is delivering a unifying go-to-market team that can maximize demand, increase sales execution, and deliver quick time-to-value for its customers. It is optimizing its operational systems, processes, and telemetry to meet the demands of its customers.

The ETL market has a slew of vendors. A report by Info Clutch estimates SAS to be the market leader with 19% market share, followed by Informatica which has a 16.4% market share. Talend, comparatively, owns a modest 2.1% market share. But Talend has been named as a leader in the 2019 Gartner’s Magic Quadrant for Data Integration Tools for the fourth year in a row.

Its stock is currently trading at $37.39 with a market cap of $1.2 billion. The stock hit a 52-week low of $18.30 in March. In January, the stock was trading at a 52-week high of $42.90.

This segment is a part in the series : Cloud Stocks


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