The 10-second takeaway
For the quarter ended June 3 (Q2), TIBCO Software beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share expanded significantly.
Margins increased across the board.
TIBCO Software reported revenue of $247.4 million. The 16 analysts polled by S&P Capital IQ predicted revenue of $244.6 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $216.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.26. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.23 per share. GAAP EPS of $0.16 for Q2 were 33% higher than the prior-year quarter's $0.12 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 72.2%, 70 basis points better than the prior-year quarter. Operating margin was 15.3%, 190 basis points better than the prior-year quarter. Net margin was 10.7%, 100 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $260.1 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $1.06 billion. The average EPS estimate is $1.19.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 488 members out of 520 rating the stock outperform, and 32 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 110 give TIBCO Software a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TIBCO Software is outperform, with an average price target of $35.90.
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