QlikTech currently expects to report revenue in the range of
Non-GAAP operating income is expected to be in the range of
Second quarter preliminary results are subject to change based on the completion of the company's normal quarter-end review process.
Lars Björk, Chief Executive Officer of QlikTech, stated, "Second quarter
results were impacted by challenging macroeconomic conditions,
QlikTech will release its full second quarter 2012 financial results on
Preliminary Results Conference Call Information
QlikTech will host a conference call today, at
Non-GAAP Financial Measures
To supplement the consolidated financial statements presented in accordance with generally accepted accounting principles, or GAAP, QlikTech uses measures of non-GAAP operating income (loss), non-GAAP net income (loss), non-GAAP income (loss) per share and constant currency. QlikTech believes that the preliminary non-GAAP financial information provided in this release can assist investors in understanding and assessing QlikTech's on-going core operations and prospects for the future and provides an additional tool for investors to use in comparing QlikTech's financial results with other companies in QlikTech's industry, many of which present similar non-GAAP financial measures to investors.
The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant elements that are required by GAAP to be recorded in QlikTech's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management in determining these non-GAAP financial measures. In order to compensate for these limitations, management of QlikTech presents its non-GAAP financial measures in connection with its GAAP results. Investors are encouraged to review reconciliations of our non-GAAP financial measures to their most directly comparable GAAP financial measure.
To determine the impact from foreign currency exchange rate fluctuations
from prior year periods on current period revenue for the three months
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements, including, but
not limited to, statements regarding the value and effectiveness of
QlikTech's products, the introduction of product enhancements or
additional products and QlikTech's growth, expansion and market
leadership, that involve risks, uncertainties, assumptions and other
factors which, if they do not materialize or prove correct, could cause
QlikTech's results to differ materially from those expressed or implied
by such forward-looking statements. All statements, other than
statements of historical fact, are statements that could be deemed
forward-looking statements, including statements containing the words
"predicts," "plan," "expects," "anticipates," "believes," "goal,"
"target," "estimate," "potential," "may", "will," "might," "momentum,"
"could," "seek," and similar words. QlikTech intends all such
forward-looking statements to be covered by the safe harbor provisions
for forward-looking statements contained in Section 21E of the Exchange
Act and the Private Securities Litigation Reform Act of 1995. Actual
results may differ materially from those projected in such statements
due to various factors, including but not limited to: risks and
uncertainties inherent in our business; our ability to attract new
customers and retain existing customers; our ability to effectively
sell, service and support our products; our ability to manage our
international operations; our ability to compete effectively; our
ability to develop and introduce new products and add-ons or
enhancements to existing products; our ability to continue to promote
and maintain our brand in a cost-effective manner; our ability to manage
growth; our ability to attract and retain key personnel; currency
fluctuations that affect our revenues and costs; the scope and validity
of intellectual property rights applicable to our products; adverse
economic conditions in general and adverse economic conditions
specifically affecting the markets in which we operate; and other risks
more fully described in QlikTech's publicly available filings with the
QlikTech and QlikView are trademarks or registered trademarks of QlikTech or its subsidiaries in the U.S. and other countries. Other company names, product names and company logos mentioned herein are the trademarks, or registered trademarks of their respective owners.
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