(Reuters) – Data analysis software maker Tableau Software Inc reported quarterly results that handily beat analysts’ estimates due to higher license sales, sending its shares up 16 percent in extended trading. Tableau’s license sales jumped 93 percent to $58.0 million, while revenue nearly doubled to $81.5 million. “The company also experienced acceleration in large deal sign-ups and new customer signings given that this was the fourth quarter and momentum remains in their favor,” Mizuho Securities U.S.A. analyst Abhey Lamba said in a note. Tableau’s business intelligence software is used by companies such as Deere & Co, Sears Holdings Corp and affiliates of Verizon Communications Inc.to retrieve large volumes of data.
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