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TIBCO Software Q3 Results Beat Expectations

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TIBCO Software Inc. (NASDAQ: TIBX) reported late on Thursday that earnings fell 19% in the fiscal third quarter. The bottom line felt the pressure as operating margin contracted due to restructuring charges and sales and other expenses. However, shares rallied in aftermarket hours as both sales and earnings topped analysts’ expectation. The Company also expects that growth will accelerate in its infrastructure business.

Speaking to analysts and investors during conference call, TIBCO Software Inc.’s CEO Vivek Ranadive said that the company will continue to invest for higher growth and innovation, primarily in the areas of cloud, analytics and integration.

For the latest period, the Palo Alto, California-based Company posted net income of $21 million or 13 cents a share compared to a net income of $26 million or 15 cents a share.

The latest quarter earnings included a charge of $9 million linked to restructuring.

Stripping out onetime items, the adjusted earnings stood at 28 cents a share compared to 27 cents a share, in the same period of last year.

Analysts polled by Thomson Reuters had expected earnings of 22 cents a share.

Revenue rose to $271 million from $255 million, in the year earlier quarter. Analysts’ consensus estimate was for revenue of $258.27 million.

Operating margin narrowed to 23.7% from 27%, in the same period of last year.

Overall operating expenses increased to nearly $156 million from about $140 million, in the same period of last year.

 








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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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