February 13, 2007

QlikTech numbers update

I chatted with QlikTech again yesterday. The update on their numbers is that they ended 2006 with 5,436 customers in 68 countries. Of those, 3,200 were added over the year. (I.e., they only had 2,200 or so at the end of 2005.) Revenue growth was slightly more than 80% for the year, for the third straight year over 80%. (I think their real goal is to double.) That should put them at $40 million or so in license fees, for classical BI only. (Budgeting/planning features are apparently slated for QlikView Release 8 in May.)

The US was indeed their biggest region for the year.

Given their focus on small departmental deals with 30-day sales cycles, these numbers sound plausible. I note that new-name accounts are obviously growing a lot faster than revenues, so by some metric or other average deal size must be shrinking, but this is not necessarily a bad thing.


One Response to “QlikTech numbers update”

  1. DBMS2 — DataBase Management System Services»Blog Archive » QlikTech – flexible, memory-centric, columnar BI on February 13th, 2007 11:52 pm

    […] QlikTech has a pretty interesting story, and a number of customers seem to agree. Their flagship product QlikView is a BI suite that runs off an in-memory copy of the data. Specifically, that copy is logically relational and physically columnar. In an important feature, QlikView is happy to import data from multiple sources at once, such as a warehouse plus an operational data store. […]

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