Skip to main content

Tibco Software


surpassed Wall Street analysts' expectations for its first-quarter earnings and revenue on Tuesday, but the company collected a smaller profit than it had a year ago.

In recent after-hours trading on Instinet, shares of the enterprise software company were up by a penny to $8.21.

Tibco made a profit of $5.6 million, or 3 cents a share. The figure includes stock-based compensation expense of $4.6 million. A year ago, the company made $10.4 million in the same quarter.

Excluding items such as stock-based compensation and amortization of acquired intangibles, the company made $12.6 million, or 6 cents a share. The figure was a shade lower than the same quarter last year, when the company earned a profit $12.7 million.

The enterprise software company's first-quarter revenue totaled $114.6 million, up from $104.1 million in the same period last year.

For the quarter, analysts polled expected the company to make 5 cents a share on sales of $110.5 million.

"This was a strong

first quarter for Tibco and a strong start to our fiscal year, especially in the areas of profit and cash flow growth," Vivek Ranadive, the chairman and CEO of the company, said in a statement. "I continue to see a significant opportunity for Tibco as the foundation for enterprise software shifts from being database-centric to being

service oriented architecture- and integration-centric."

Tibco also reported that it added 56 new customers in the first quarter and made "significant sales" to new and current customers including

Telcom Italia



Scroll to Continue

TheStreet Recommends



Devon Canada


Smart & Final



Merrill Lynch

( MER) and


(MRK) - Get Merck & Co., Inc. Report


The company did not immediately provide guidance for the upcoming quarter.

Analysts estimate that for the second quarter Tibco will post revenue of $115.9 million and earn 6 cents a share.

Tibco shares closed down 2.3 % during the regular session of to $8.20 on Tuesday.