Second-quarter profit doubled at Tibco Software (TIBX), despite a slip in license revenue.The company said after the bell Thursday that its profit rose to $21.7 million, or 10 cents a share, from $9.6 million, or 5 cents a share a year ago. Excluding certain items, the company earned $8.6 million, or 4 cents a share, in the latest quarter, equaling a Thomson First Call EPS estimate. Revenue rose to $101.4 million from $81.3 million, although license revenue fell to $41.8 million from $45.3 million. But service and maintenance revenue climbed to $59.6 million from $35.9 million. "Although our results came in below expectations, we did see significant improvement in the number of deals closed in the quarter and the diversification of those deals. We also remained profitable and generated cash," said Vivek Ranadive, chairman and CEO. "The number and diversity of deals this quarter reinforces our view of the growing importance of the integration market. We continue to be focused on capturing the full potential of the market opportunity in front of us." Shares of the business software maker slipped 1.5% in after-hours trading to $6.81 on Instinet.
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