AP NEWS

Talend Reports Second Quarter 2018 Financial Results

August 6, 2018

-Record total quarterly revenue of $49.8 million, an increase of 39%* year-over-year -Quarterly subscription revenue of $42.0 million, an increase of 39%* year-over-year

REDWOOD CITY, Calif., Aug. 06, 2018 (GLOBE NEWSWIRE) -- Talend (NASDAQ: TLND), a global leader in cloud and big data integration solutions, today released financial results for the second quarter ended June 30, 2018.

“We achieved record revenue for the second quarter of $49.8 million, delivering 39% year-over-year growth and substantial improvement to our operating margin,” said Mike Tuchen, Talend CEO. “We continue to see our cloud business accelerate with cloud subscription growing over 100% year-over-year for the eighth consecutive quarter. With the launch of our Summer 2018 release, which enhances enterprise cloud capabilities, we believe we are well positioned for continued cloud momentum. We were pleased to receive market recognition by being named a leader in Forrester Research’s Big Data Fabric Wave 2018 report, earning the highest scores of any vendor in both the Current Offering and Strategy categories. We also secured a position as a leader in the 2018 Gartner Magic Quadrant for Data Integration Tools for the third consecutive time.”

Second Quarter 2018 Financial Highlights (in thousands, except per share data) Three Months Ended June 30, Six Months Ended June 30, ----------------------------- ------------------------ 2017 ** 2018 2017 ** 2018 ---------- - ------ - ----------- - ------- - Revenue: Total Revenue $ 35,813 $ 49,755 $ 68,678 $ 96,568 Year-over-Year % Change 41 % 39% * 43 % 41% * Subscription Revenue $ 30,280 $ 42,027 $ 57,819 $ 81,813 Year-over-Year % Change 43 % 39% * 43 % 41% * Year-over-Year % Change - on a constant currency basis 46 % 34 % 44 % 34 % IFRS operating margin -18 % -18 % -20 % -20 % Non-IFRS operating margin (1) -13 % -7 % -14 % -9 % Net loss: IFRS $ (7,754 ) $ (8,739 ) $ (15,172 ) $ (18,854 ) Non-IFRS (2) $ (5,790 ) $ (3,553 ) $ (11,329 ) $ (8,541 ) Net loss per share: Net loss per share - basic and diluted $ (0.27 ) $ (0.29 ) $ (0.53 ) $ (0.64 ) Non-IFRS net loss per share $ (0.20 ) $ (0.12 ) $ (0.39 ) $ (0.29 ) Shares outstanding used in computing per share amounts 28,884 29,741 28,786 29,641 - basic and diluted _________________ (1) Non-IFRS operating margin is calculated as non-IFRS loss from operations divided by total revenue. (2) Non-IFRS financial measures exclude stock-based compensation, amortization of acquired intangibles and costs related to our follow-on offerings. * The growth rate includes the benefit from the adoption of IFRS 15 which was adopted by the company on January 1, 2018. ** We have initially applied IFRS 15 at January 1, 2018. Under the transition method chosen for IFRS 15, the comparative information is not restated.

A reconciliation of IFRS to non-IFRS financial measures is provided in the financial tables below. An explanation of these measures is also included below, under the heading Non-IFRS Financial Measures.

Recent Business Highlights

In the second quarter we:

-- Received recognition as a leader in Forrester Research’s Big Data Fabric Wave 2018 report, earning the highest scores of any vendor in both the Current Offering and Strategy categories. -- Secured position as a leader in the 2018 Gartner Magic Quadrant for Data Integration Tools for the third consecutive time, moving upwards in the Leaders Quadrant based on ability to execute. -- Appointed two new board members: Equinix Chief Product Officer, Brian Lillie and Tableau Executive Vice President of Product Development, Mark Nelson. -- Launched Talend Summer 2018 release, adding enterprise-class cloud features that enable greater agility with serverless data integration and boost DevOps productivity.

Financial Outlook

Talend’s outlook assumes similar business conditions and foreign exchange rates as of July 31, 2018.

Our guidance is based on the new IFRS 15 revenue recognition standard, which was adopted by Talend on January 1, 2018. See the section titled “New Revenue Recognition Standard Under IFRS 15” below.

Third quarter of 2018:

-- Total revenue is expected to be in the range of $51.6 million to $52.6 million. -- Loss from operations is expected to be in the range of $(10.5) million to $(9.5) million and non-IFRS loss from operations is expected to be in the range of $(3.4) million to $(2.4) million. -- Net loss is expected to be in the range of $(10.8) million to $(9.8) million and non-IFRS net loss is expected to be in the range of $(3.7) million to $(2.7) million. -- Net loss per basic and diluted share is expected to be in the range of $(0.36) to $(0.33) and non-IFRS net loss per share is expected to be in the range of $(0.12) to $(0.09). -- Basic and diluted weighted average share count of 30.0 million shares.

Full year 2018:

-- Total revenue is expected to be in the range of $204.6 million to $206.6 million. -- Loss from operations is expected to be in the range of $(39.3) million to $(37.3) million and non-IFRS loss from operations is expected to be in the range of $(15.1) million to $(13.1) million. -- Net loss is expected to be in the range of $(39.7) million to $(37.7) million and non-IFRS net loss is expected to be in the range of $(15.5) million to $(13.5) million. -- Net loss per basic and diluted share is expected to be in the range of $(1.32) to $(1.26) and non-IFRS net loss per share is expected to be in the range of $(0.52) to $(0.45). -- Basic and diluted weighted average share count of 30.0 million shares.

These statements are forward-looking and actual results may differ materially. Refer to the section under the heading Forward-Looking Statements below for information on the factors that could cause our actual results to differ materially. An explanation of non-IFRS measures is also included below under the heading Non-IFRS Financial Measures.

Conference Call InformationTalend will host a conference call and live webcast for analysts and investors at 4:30 p.m. Eastern time on August 6, 2018. Parties in the United States and Canada can access the call by dialing (888) 417-2254, using conference code 1927267. International parties can access the call by dialing (719) 457-2664, using conference code 1927267.

The webcast will be accessible on Talend’s investor relations website at http://investor.talend.com for one year. A telephonic replay of the conference call will be available through Saturday, August 11, 2018. To access the replay, parties in the United States and Canada should call (866) 375-1919 and enter conference code 1927267. International parties should call (719) 457-0820 and enter conference code 1927267.

Non-IFRS Financial Measures

In addition to disclosing financial measures prepared in accordance with International Financial Reporting Standards (‘‘IFRS’’) as issued by the International Accounting Standard Board (‘‘IASB’’), this press release and the accompanying tables contain certain non-IFRS financial measures.

Non-IFRS financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similarly titled measures presented by other companies. Talend considers these non-IFRS financial measures to be important because they provide useful indicators of its performance and liquidity measures. These are key measures used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short and long-term operational plans. In addition, investors often use similar measures to evaluate the performance of a company. Non-IFRS financial measures are presented for supplemental informational purposes only for understanding the company’s operating performance. The non-IFRS financial measures should not be considered a substitute for financial information presented in accordance with IFRS, and may be different from non-IFRS financial measures presented by other companies. Please see the reconciliation of non-IFRS financial measures to the most directly comparable IFRS measure included in this release below.

Non-IFRS gross profit is calculated by adjusting gross profit to eliminate the impact of stock-based compensation expense and amortization of acquired intangibles.

Non-IFRS gross margin, expressed as a percentage, is calculated as non-IFRS gross profit divided by total revenue.

Non-IFRS loss from operations is calculated by adjusting loss from operations to eliminate the impact of stock-based compensation expense, amortization of acquired intangibles expense, acquisition related expense and costs related to follow-on offering and shelf registration statement.

Non-IFRS operating margin, expressed as a percentage, is calculated as non-IFRS loss from operations divided by total revenue.

Non-IFRS net loss is calculated by adjusting net loss to eliminate the impact of stock-based compensation expense, amortization of acquired intangibles expense, acquisition related expense and costs related to follow-on offering and shelf registration statement.

Non-IFRS cost of revenue is calculated by adjusting cost of revenue to eliminate the impact of stock-based compensation expense and amortization of acquired intangibles.

Non-IFRS operating expenses is calculated by adjusting operating expenses to eliminate the impact of stock-based compensation expense, amortization of acquired intangibles expense, acquisition related expense and costs related to follow-on offering and shelf registration statement.

Non-IFRS sales and marketing expense is calculated by adjusting sales and marketing expense to eliminate the impact of stock-based compensation expense and amortization of acquired intangibles.

Non-IFRS research and development expense is calculated by adjusting research and development expense to eliminate the impact of stock-based compensation expense and amortization of acquired intangibles.

Non-IFRS general and administrative expense is calculated by adjusting general and administrative expense to eliminate the impact of stock-based compensation expense, amortization of acquired intangibles expense, acquisition related expense and costs related to follow-on offering and shelf registration statement.

Free cash flow is defined as net cash from (used in) operating activities less cash used in investing activities for acquisition of property and equipment and intangible assets.

Subscription revenue growth on a constant currency basis represents subscription revenue adjusted to exclude foreign currency impacts. Subscription revenue on a constant currency basis is calculated by applying the average monthly currency rates for each month in the comparative period to the corresponding month in the current period. We believe the disclosure of subscription revenue in constant currency provides useful supplementary information to investors considering potential significant fluctuations in currency rates.

Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements in this press release include, but are not limited to, our anticipated operating results for the 2018 third quarter and fiscal year, our expectations regarding the evolution of our marketplace and the goals for our Talend Data Fabric, our ability to capture an increasing share of the big data and cloud integration market, our expectations regarding the impact of our collaborations with partners on our market, and our belief that we are well-positioned to capitalize on the growing trends of Hadoop, Spark, MapR Streams and cloud adoption. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to inherent risks, uncertainties and changes in circumstance that are difficult or impossible to predict. Consequently, you should not rely on these forward-looking statements. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such uncertainties, risks, and changes in circumstances, including without limitation risks and uncertainties related to our ability to continue to deliver and improve our products and successfully develop new products; customer acceptance and purchase of our existing products and new products, including conversion of bookings to sales; our ability to retain existing customers and generate new customers; the market for data integration solutions, particularly our big data and cloud integration solutions, not continuing to develop; competition from other products and services; and general market, political, economic and business conditions, including the fluctuation of foreign currency exchange rates.

The forward-looking statements contained in this press release are also subject to other risks and uncertainties, and the foregoing list of factors is not exclusive. Additional risks and uncertainties that could affect our financial and operating results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operation” and elsewhere in our most recent filings with the Securities and Exchange Commission, including our most recent reports on Form 6-K and our Form 20-F filed with the SEC on March 5, 2018. Our SEC filings are available on the Investors section of Talend’s website at http://investor.talend.com and the SEC’s website at www.sec.gov. The forward-looking statements in this press release are based on information available to us as of the date hereof, and we disclaim any obligation to update any forward-looking statements provided to reflect any change in our expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law.

About Talend

Talend (NASDAQ: TLND) is a global leader in cloud and big data integration solutions that helps companies turn data into a strategic asset that delivers real-time, organization-wide insight into customers, partners, and operations. Through its open, native, and unified integration platform, Talend delivers the data agility required for companies to meet the constantly evolving demands of modern business. With Talend, companies can easily scale their data infrastructure and rapidly adopt the latest technology innovations in cloud and big data. Talend’s solutions support over 1500 global enterprise customers including AstraZeneca, GE, HP Inc. and Lenovo, across a range of industries. Talend has also been recognized as a leader in its field multiple times by leading analyst firms, as well as several industry and data trade publications including InfoWorld and SD Times. For more information, please visit www.talend.com and follow us on Twitter: @Talend.

Investor Contact:Lisa Laukkanen or Lauren Sloane The Blueshirt Group for Talend ir@talend.com 415-217-2632

Media Contact:Chris TaylorVice President, Corporate Communications Ctaylor@Talend.com 650-268-5024

TALEND S.A. UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER DATA (in thousands, except per share amounts) Three Months Ended Six Months Ended June June 30, 30, ------------------- --------------------- 2017 * 2018 2017 * 2018 -------- ------ - --------- ------- - Revenue Subscriptions $ 30,280 $ 42,027 $ 57,819 $ 81,813 Professional services 5,533 7,728 10,859 14,755 ------ - ------ - ------- - ------- - Total revenue 35,813 49,755 68,678 96,568 Cost of revenue Subscriptions 3,970 5,559 7,631 10,927 Professional services 4,185 6,314 8,502 12,195 ------ - ------ - ------- - ------- - Total cost of revenue 8,155 11,873 16,133 23,122 Gross profit 27,658 37,882 52,545 73,446 Operating expenses Sales and marketing 20,820 27,832 40,554 53,974 Research and development 6,447 10,142 12,102 19,871 General and administrative 6,891 8,738 13,440 18,612 ------ - ------ - ------- - ------- - Total operating expenses 34,158 46,712 66,096 92,457 ------ - ------ - ------- - ------- - Loss from operations (6,500 ) (8,830 ) (13,551 ) (19,011 ) Finance income (expense) (1,228 ) 132 (1,569 ) 209 ------ - ------ - ------- - ------- - Loss before income tax expense (7,728 ) (8,698 ) (15,120 ) (18,802 ) Income tax expense (26 ) (41 ) (52 ) (52 ) ------ - ------ - ------- - ------- - Net loss for the period $ (7,754 ) $ (8,739 ) $ (15,172 ) $ (18,854 ) ------ - ------ - ------- - ------- - Shares outstanding used in computing per share amounts - basic 28,884 29,741 28,786 29,641 and diluted Net loss per share - basic and diluted $ (0.27 ) $ (0.29 ) $ (0.53 ) $ (0.64 ) UNAUDITED STOCK-BASED COMPENSATION AND AMORTIZATION OF ACQUIRED INTANGIBLES EXPENSE Total stock-based compensation and amortization of acquired intangibles expense included in the Unaudited Consolidated Statements of Operations is as follows: Three Months Ended Six Months Ended June June 30, 30, ------------------- --------------------- 2017 * 2018 2017 * 2018 -------- ------ - --------- ------- - Cost of revenue - subscriptions $ 74 $ 315 $ 95 $ 492 Cost of revenue - professional services 42 183 81 287 Sales and marketing 676 1,523 1,078 2,704 Research and development 355 1,747 554 3,343 General and administrative 818 1,419 1,325 2,900 Total stock-based compensation and amortization of acquired $ 1,965 $ 5,187 $ 3,133 $ 9,726 intangibles expense ------ - ------ - ------- - ------- - * We have initially applied IFRS 15 at January 1, 2018. Under the transition method chosen for IFRS 15, the comparative information is not restated.

TALEND S.A. UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (in thousands) December June 30, 31, 2017* 2018 ---------- ---------- Assets Current assets: Cash and cash equivalents $ 87,024 $ 93,026 Trade receivables, net 57,129 42,977 Contract acquisition costs — 8,638 Other current assets 8,311 8,275 - -------- - - -------- - Total current assets 152,464 152,916 Non-current assets: Contract acquisition costs — 16,959 Property and equipment, net 3,473 3,828 Goodwill 6,196 6,031 Intangible assets, net 7,528 6,355 Other non-current assets 3,137 3,916 -------- - -------- - Total non-current assets 20,334 37,089 -------- - -------- - Total assets $ 172,798 $ 190,005 - -------- - - -------- - Liabilities Current liabilities: Trade and other payables $ 30,562 $ 30,885 Provisions 1,145 670 Contract liabilities - deferred revenue 118,601 101,072 Borrowings 1,188 177 - -------- - - -------- - Total current liabilities 151,496 132,804 Non-current liabilities: Provisions 787 999 Contract liabilities - deferred revenue 21,618 24,807 Borrowings 7 806 - -------- - - -------- - Total non-current liabilities 22,412 26,612 - -------- - - -------- - Total liabilities 173,908 159,416 - -------- - - -------- - Equity Share capital 3,059 3,098 Share premium 201,536 206,186 Foreign currency translation reserve 672 643 Share-based payments reserve 13,854 22,570 Other reserves 49 114 Accumulated losses (220,280 ) (202,022 ) - -------- - - -------- - Total shareholders’ equity (deficit) (1,110 ) 30,589 - -------- - - -------- - Total liabilities and shareholders’ equity (deficit) $ 172,798 $ 190,005 - -------- - - -------- - * We have initially applied IFRS 15 at January 1, 2018. Under the transition method chosen for IFRS 15, the comparative information is not restated.

TALEND S.A. UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) Six Months Ended June 30, ------------------------ 2017 * 2018 - --------- --------- Cash flows from operating activities: Net loss for the period $ (15,172 ) $ (18,854 ) Adjustments to reconcile net loss to net cash from operating activities: Depreciation 710 923 Amortization of intangible assets 154 1,020 Unrealized loss foreign exchange 1,439 286 Stock-based compensation 2,978 8,716 Income tax for the period 52 52 Changes in operating assets and liabilities: Trade receivables 6,371 13,401 Other assets (253 ) (1,973 ) Trade and other payables 341 955 Provisions 101 (152 ) Contract liabilities - deferred revenue * 5,139 115 - ------- - - ------- - Net cash from operating activities 1,860 4,489 - ------- - - ------- - Cash flows from investing activities: Acquisition of property and equipment (998 ) (1,348 ) - ------- - - ------- - Net cash used in investing activities (998 ) (1,348 ) - ------- - - ------- - Cash flows from financing activities: Proceeds from issuance of ordinary shares 2,125 4,754 Repayment of borrowings (138 ) (154 ) - ------- - - ------- - Net cash from financing activities 1,987 4,600 - ------- - - ------- - Net increase in cash and cash equivalents 2,849 7,741 Cash and cash equivalents at beginning of the period 91,023 87,024 Effect of exchange rate changes on cash and cash equivalents 1,538 (1,739 ) Cash and cash equivalents at end of period $ 95,410 $ 93,026 - ------- - - ------- - * The change in deferred revenue presented on the cash flow statement was impacted by IFRS 15 and the foreign exchange impact from several of our foreign entities.

New Revenue Recognition Standard Under IFRS 15Effective as of January 1, 2018, we adopted IFRS 15, Revenue from Contracts with Customers, which was issued by the IASB in May 2014. The financial information presented in this press release is prepared in accordance with IFRS 15. We adopted the standard on a modified retrospective basis and under this transition method, the comparative information is not restated. The impact of adoption on our consolidated statement of operations are provided in the table below which allows for easier comparison to prior period results, reported under old revenue standards.

For the three months ended June For the six months ended June 30, 30, 2018 2018 ---------------------------------- ----------------------------------- Balance Balance Without Without Adoption of Effect of Adoption of Effect of Change Change As IFRS 15 Higher/ As Reported IFRS 15 Higher/ Reported (Lower) (Lower) ---------- ----------- --------- ----------- ----------- --------- Revenue Subscriptions $ 42,027 $ 41,441 $ 586 $ 81,813 $ 79,327 $ 2,486 Year-over-Year % Change 39% * 37 % 41% * 37 % IFRS operating margin -18 % -21 % 3 % -20 % -24 % 4 % Non-IFRS operating margin -7 % -10 % 3 % -9 % -13 % 4 % Net loss: IFRS (8,739 ) (10,091 ) 1,352 (18,854 ) (22,054 ) 3,200 Non-IFRS (3,553 ) (4,915 ) 1,363 (8,541 ) (12,077 ) 3,537 Net loss per share: Net loss per share - basic and diluted $ (0.29 ) $ (0.34 ) $ 0.05 $ (0.64 ) $ (0.74 ) $ 0.11 Non-IFRS net loss per share $ (0.12 ) $ (0.17 ) $ 0.05 $ (0.29 ) $ (0.41 ) $ 0.12 Shares outstanding used in computing 29,741 29,741 29,641 29,641 per share amounts - basic and diluted

TALEND S.A. IFRS to Non-IFRS Reconciliations (In thousands) (unaudited) The following tables detail the reconciliation of IFRS financial measures to non-IFRS financial measures included in this release: Loss from operations: Three Months Ended June Six Months Ended June 30, 30, ------------------------ ------------------------ 2017 * 2018 2017 * 2018 ----------- - ------- - ----------- - ------- - Loss from operations $ (6,500 ) $ (8,830 ) $ (13,551 ) $ (19,011 ) Stock-based compensation expense 1,886 4,695 2,978 8,716 Amortization of acquired intangibles 78 491 155 1,009 Costs related to follow-on offering and shelf-registration - - 710 288 statement Non-IFRS loss from operations $ (4,535 ) $ (3,644 ) $ (9,708 ) $ (8,698 ) - ------- - - ------- - - ------- - - ------- - Non-IFRS operating margin -13 % -7 % -14 % -9 % Net loss: Three Months Ended June Six Months Ended June 30, 30, ------------------------ ------------------------ 2017 * 2018 2017 * 2018 ----------- - ------- - ----------- - ------- - Net loss $ (7,754 ) $ (8,739 ) $ (15,172 ) $ (18,854 ) Stock-based compensation expense 1,886 4,695 2,978 8,716 Amortization of acquired intangibles 78 491 155 1,009 Costs related to follow-on offering and shelf-registration - - 710 288 statement Non-IFRS net loss $ (5,790 ) $ (3,553 ) $ (11,329 ) $ (8,541 ) - ------- - - ------- - - ------- - - ------- - Share count: Weighted-average shares outstanding - basic and diluted 28,884 29,741 28,786 29,641 Net loss per share: Net loss per share - basic and diluted $ (0.27 ) $ (0.29 ) $ (0.53 ) $ (0.64 ) Non-IFRS net loss per share $ (0.20 ) $ (0.12 ) $ (0.39 ) $ (0.29 ) Gross profit: Three Months Ended June Six Months Ended June 30, 30, ------------------------ ------------------------ 2017 * 2018 2017 * 2018 ----------- - ------- - ----------- - ------- - Gross profit $ 27,658 $ 37,882 $ 52,545 $ 73,446 Stock-based compensation expense 116 498 176 779 Amortization of acquired intangibles - - - - Non-IFRS gross profit $ 27,774 $ 38,380 $ 52,721 $ 74,225 - ------- - - ------- - - ------- - - ------- - IFRS gross margin 77 % 76 % 77 % 76 % Non-IFRS gross margin 78 % 77 % 77 % 77 % Cost of revenue: Three Months Ended June Six Months Ended June 30, 30, ------------------------ ------------------------ 2017 * 2018 2017 * 2018 ----------- - ------- - ----------- - ------- - Cost of revenue $ (8,155 ) $ (11,873 ) $ (16,133 ) $ (23,122 ) Stock-based compensation expense 116 498 176 779 Amortization of acquired intangibles - - - - Non-IFRS cost of revenue $ (8,039 ) $ (11,375 ) $ (15,957 ) $ (22,343 ) - ------- - - ------- - - ------- - - ------- - Operating expenses: Three Months Ended June Six Months Ended June 30, 30, ------------------------ ------------------------ 2017 * 2018 2017 * 2018 ----------- - ------- - ----------- - ------- - Operating expenses $ (34,158 ) $ (46,712 ) $ (66,096 ) $ (92,457 ) Stock-based compensation expense 1,770 4,197 2,802 7,937 Amortization of acquired intangibles 78 491 155 1,009 Costs related to follow-on offering and shelf-registration - - 710 288 statement Non-IFRS operating expenses $ (32,310 ) $ (42,024 ) $ (62,430 ) $ (82,923 ) - ------- - - ------- - - ------- - - ------- - Sales and marketing expense: Three Months Ended June Six Months Ended June 30, 30, ------------------------ ------------------------ 2017 * 2018 2017 * 2018 ----------- - ------- - ----------- - ------- - Sales and marketing expense $ (20,820 ) $ (27,832 ) $ (40,554 ) $ (53,974 ) Stock-based compensation expense 676 1,523 1,078 2,704 Amortization of acquired intangibles - - - - Non-IFRS sales and marketing expense $ (20,143 ) $ (26,309 ) $ (39,476 ) $ (51,270 ) - ------- - - ------- - - ------- - - ------- - Research and development expense: Three Months Ended June Six Months Ended June 30, 30, ------------------------ ------------------------ 2017 * 2018 2017 * 2018 ----------- - ------- - ----------- - ------- - Research and development expense $ (6,447 ) $ (10,142 ) $ (12,102 ) $ (19,871 ) Stock-based compensation expense 322 1,359 488 2,542 Amortization of acquired intangibles 33 389 66 801 Non-IFRS research and development expense $ (6,092 ) $ (8,395 ) $ (11,548 ) $ (16,528 ) - ------- - - ------- - - ------- - - ------- - General and administrative expense: Three Months Ended June Six Months Ended June 30, 30, ------------------------ ------------------------ 2017 * 2018 2017 * 2018 ----------- - ------- - ----------- - ------- - General and administrative expense $ (6,891 ) $ (8,738 ) $ (13,440 ) $ (18,612 ) Stock-based compensation expense 773 1,315 1,236 2,691 Amortization of acquired intangibles 45 102 89 208 Costs related to follow-on offering and shelf-registration - - 710 288 statement Non-IFRS general and administrative expense $ (6,073 ) $ (7,320 ) $ (11,405 ) $ (15,125 ) - ------- - - ------- - - ------- - - ------- -

TALEND S.A. Free Cash Flow (In thousands) (unaudited) The following table details our free cash flow for the three and six months ended June 30, 2017 and 2018, and a reconciliation to the most directly comparable IFRS measure: Free cash flow: Three Months Ended Six Months Ended June 30, June 30, ---------------------- ---------------- 2017 * 2018 2017 * 2018 ---------- - ------ - ------- - ----- Net cash from operating activities (618 ) (1,196 ) 1,860 4,489 Less: Acquisition of property and equipment 559 788 998 1,348 Free cash flow $ (1,177 ) $ (1,984 ) $ 862 $ 3,141 - ------ - - ------ - - ----- - -----

* We have initially applied IFRS 15 at January 1, 2018. Under the transition method chosen for IFRS 15, the comparative information is not restated.

TALEND S.A. Constant Currency Reconciliation (In thousands) (unaudited) The following table details our constant currency reconciliation for the three months ended June 30, 2018 to the most directly comparable IFRS measure: Year- Three Months Ended over- June 30, Year Chang e -------------------- ---- 2017 * 2018 -------- - ------ - ---- Subscription revenue as reported 30,280 42,027 39 % Conversion impact U.S. Dollar/other currencies - (1,547 ) Subscription revenue on a constant currency basis $ 30,280 $ 40,480 34 % - ------ - ------ - -- -

* We have initially applied IFRS 15 at January 1, 2018. Under the transition method chosen for IFRS 15, the comparative information is not restated.

TALEND S.A. IFRS to Non-IFRS Reconciliations for EPS Guidance (In millions) (unaudited) The following tables detail the reconciliation of IFRS financial measures to non-IFRS financial measures included in this release: Guidance for the third quarter and full year 2018: Three Months Ended Year Ended December September 30, 2018 31, 2018 -------------------- -------------------- Low High Low High --------- --------- --------- --------- Loss from operations $ (10.5 ) $ (9.5 ) $ (39.3 ) $ (37.3 ) Stock-based compensation expense 6.4 6.4 21.6 21.6 Amortization of acquired intangibles 0.5 0.5 2.1 2.1 Costs related to follow-on offering 0.2 0.2 0.5 0.5 Non-IFRS loss from operations $ (3.4 ) $ (2.4 ) $ (15.1 ) $ (13.1 ) - ----- - - ----- - - ----- - - ----- - Three Months Ended Year Ended December September 30, 2018 31, 2018 -------------------- -------------------- Low High Low High --------- --------- --------- --------- Net loss $ (10.8 ) $ (9.8 ) $ (39.7 ) $ (37.7 ) Stock-based compensation expense 6.4 6.4 21.6 21.6 Amortization of acquired intangibles 0.5 0.5 2.1 2.1 Costs related to follow-on offering 0.2 0.2 0.5 0.5 Non-IFRS net loss $ (3.7 ) $ (2.7 ) $ (15.5 ) $ (13.5 ) - ----- - - ----- - - ----- - - ----- - Shares outstanding used in computing IFRS and Non-IFRS per share 30.0 30.0 30.0 30.0 amounts Net loss per share: Net loss per share - basic and diluted $ (0.36 ) $ (0.33 ) $ (1.32 ) $ (1.26 ) Non-IFRS net loss per share $ (0.12 ) $ (0.09 ) $ (0.52 ) $ (0.45 ) Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

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