reported fourth-quarter earnings that beat Wall Street's expectations.
The company, which is based in Palo Alto, Calif., said earnings rose to $22 million, or 10 cents a share, from $1 million for the year-ago period. Fifteen analysts polled by
First Call/Thomson Financial
called for the company to earn 8 cents a share in the quarter.
Revenue rose sharply to $89 million from $33 million last year. The e-business infrastructure software provider attributed the growth in the quarter to an increase in demand for company's software.
Shares of Tibco stumbled in regular session
trading today, falling $5.44, or 10.9%, to $44.31, but rebouned somewhat to $46.50 in after-hours