* Income tax adjustment is used to adjust the GAAP benefit (provision) for income taxes to a non-GAAP benefit (provision) for income taxes utilizing an estimated long-term effective tax rate of 30%.

Qlik Technologies Inc. Reconciliation of non-GAAP Revenue to GAAP Revenue (in thousands)
					Three Months Ended June 30,													Six Months Ended June 30,
					2015			2014				% change						2015			2014				% change
					(unaudited)													(unaudited)
Constant currency reconciliation:
Total revenue, as reported					$	145,829		$	131,618			11	%					$	266,093		$	242,730			10	%
Estimated impact of foreign currency fluctuations												15	%												14	%
Total revenue constant currency growth rate												26	%												24	%
					Three Months Ended June 30,													Six Months Ended June 30,
					2015			2014				% change						2015			2014				% change
					(unaudited)													(unaudited)
Constant currency reconciliation:
License revenue, as reported					$	76,320		$	66,942			14	%					$	131,127		$	120,825			9	%
Estimated impact of foreign currency fluctuations												15	%												14	%
License revenue constant currency growth rate												29	%												23	%
					Three Months Ended June 30,													Six Months Ended June 30,
					2015			2014				% change						2015			2014				% change
					(unaudited)													(unaudited)
Constant currency reconciliation:
Maintenance revenue, as reported					$	55,983		$	50,889			10	%					$	108,653		$	96,734			12	%
Estimated impact of foreign currency fluctuations												16	%												16	%
Maintenance revenue constant currency growth rate												26	%												28	%
					Three Months Ended June 30,													Six Months Ended June 30,
					2015			2014				% change						2015			2014				% change
					(unaudited)													(unaudited)
Constant currency reconciliation:
Professional Services revenue, as reported					$	13,526		$	13,787			-2	%					$	26,313		$	25,171			5	%
Estimated impact of foreign currency fluctuations												12	%												12	%
Professional services revenue constant currency growth rate												10	%												17	%
					Three Months Ended June 30,													Six Months Ended June 30,
					2015			2014				% change						2015			2014				% change
					(unaudited)													(unaudited)
Constant currency reconciliation:
Americas revenue, as reported					$	54,262		$	46,632			16	%					$	97,129		$	83,484			16	%
Estimated impact of foreign currency fluctuations												4	%												4	%
Americas revenue constant currency growth rate												20	%												20	%
					Three Months Ended June 30,													Six Months Ended June 30,
					2015			2014				% change						2015			2014				% change
					(unaudited)													(unaudited)
Constant currency reconciliation:
Europe revenue, as reported					$	74,606		$	70,356			6	%					$	137,623		$	133,129			3	%
Estimated impact of foreign currency fluctuations												22	%												22	%
Europe revenue constant currency growth rate												28	%												25	%
					Three Months Ended June 30,													Six Months Ended June 30,
					2015			2014				% change						2015			2014				% change
					(unaudited)													(unaudited)
Constant currency reconciliation:
Rest of World revenue, as reported					$	16,961		$	14,630			16	%					$	31,341		$	26,117			20	%
Estimated impact of foreign currency fluctuations												18	%												18	%
Rest of World revenue constant currency growth rate												34	%												38	%

Qlik Technologies Inc. Consolidated Balance Sheets (in thousands)
					June 30,					December 31,
						2015					2014
					(unaudited)
Assets
Current assets:
Cash and cash equivalents					$	306,353				$	244,018
Accounts receivable, net						150,922					203,766
Prepaid expenses and other current assets						16,987					19,901
Deferred income taxes						2,082					2,082
Total current assets						476,344					469,767
Property and equipment, net						28,734					26,455
Intangible assets, net						14,040					21,195
Goodwill						38,569					38,702
Deferred income taxes						2,658					3,015
Deposits and other noncurrent assets						5,165					2,835
Total assets					$	565,510				$	561,969
Liabilities and stockholders’ equity
Current liabilities:
Income taxes payable					$	-				$	2,139
Accounts payable						6,497					6,887
Deferred revenue						135,813					127,565
Accrued payroll and other related costs						54,127					53,674
Accrued expenses						36,386					40,712
Deferred income taxes						37					37
Total current liabilities						232,860					231,014
Long-term liabilities:
Deferred revenue						6,368					4,564
Deferred income taxes						2,135					3,477
Other long-term liabilities						12,011					14,422
Total liabilities						253,374					253,477
Commitments and contingencies
Stockholders’ equity:
Common stock						9					9
Additional paid-in-capital						376,329					327,419
Accumulated deficit						(64,916	)				(21,594	)
Accumulated other comprehensive income						714					2,658
Total stockholders’ equity						312,136					308,492
Total liabilities and stockholders’ equity					$	565,510				$	561,969

Qlik Technologies Inc. Consolidated Statements of Cash Flows (in thousands)
					Six Months Ended June 30,
						2015					2014
					(unaudited)
Cash flows from operating activities
Net loss					$	(43,322	)			$	(36,086	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization						6,959					5,136
Stock-based compensation expense						19,060					16,516
Excess tax benefit from stock-based compensation						(5,434	)				(4,171	)
Unrealized foreign currency loss, net						7,736					1,198
Other non-cash items						(62	)				432
Changes in assets and liabilities
Accounts receivable						43,640					35,193
Prepaid expenses and other assets						1,155					(131	)
Deferred revenue						15,390					10,937
Accounts payable and other liabilities						4,485					(5,556	)
Net cash provided by operating activities						49,607					23,468
Cash flows from investing activities
Acquisitions, net of cash acquired						(2,842	)				-
Capital expenditures						(7,834	)				(7,865	)
Net cash used in investing activities						(10,676	)				(7,865	)
Cash flows from financing activities
Proceeds from exercise of common stock options						24,416					8,115
Excess tax benefit from stock-based compensation						5,434					4,171
Net cash provided by financing activities						29,850					12,286
Effect of exchange rate on cash and cash equivalents						(6,446	)				(547	)
Net increase in cash and cash equivalents						62,335					27,342
Cash and cash equivalents, beginning of period						244,018					227,693
Cash and cash equivalents, end of period					$	306,353				$	255,035
Supplemental cash flow information:
Cash paid during the period for income taxes					$	3,564				$	3,997
Non-cash investing activities:
Tenant improvement allowance received under operating lease					$	-				$	1,048

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