Tibco Software Beats Estimates

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Tibco Software

(TIBX)

reported fourth-quarter earnings that beat Wall Street's expectations.

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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

Nasdaq

trading today, falling $5.44, or 10.9%, to $44.31, but rebouned somewhat to $46.50 in after-hours

Island

activity.