Tibco Software Disappoints

The software company misses on earnings and revenue.
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Tibco Software


revenue rose from a year ago, but the company missed analyst expectations in its second-quarter.

The Palo Alto, Calif., business process management software company said Thursday that net income was $9.2 million, or 4 cents a share. Figures fell well below the $24.5 million, or 11 cents a share, scored for the same period of the prior year.

Revenue rose to $130.5 million, 7.6% above revenue of $121.2 million for the same quarter last year, but short of analysts' expectations of $132.6 million, according to Thomson Financial.

Excluding items, EPS was 7 cents, a penny behind the year-ago quarter. Net income was $14.8 million, compared with $16.9 million a year ago.

On that basis, analysts forecast EPS of 8 cents, or income of $17.4 million.

The stock was off 23 cents, or 2.6%, to $8.80 in after-hours trading.

The company said it closed 73 deals worth more $100,000 each, including 12 valued above $1 million apiece. Deferred revenue was up 21% year over year.