As noted, Tibco is still in the midst of restructuring its business. So I'm not suggesting the company is completely out the woods yet. In that regard, bears are correct to point out that the company is still experiencing some margin weakness. That gross margin narrowed to 71.2% from 71.7%, while total operating expenses jumped 12%, is a perfect example of the work there is left to do at Tibco. Even though I've been bullish on this stock for several quarters, to say Tibco's growth improvements weren't surprising wouldn't be true. Granted profits are still unspectacular. But there's no denying that management's recent investments in the cloud and data analytics have begun to pay off. Follow @saintssense This article was written by an independent contributor, separate from TheStreet's regular news coverage.