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TIBCO Software Matches Street Targets on Earnings, Misses on Revenue; Shares Down 11%

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Data analysis expert TIBCO Software (NASDAQ: TIBX  ) just reported results for the first quarter of 2013.

Revenue grew 5.4% year over year, to $238 million, $4.5 million short of analyst consensus. Adjusted earnings fell 10%, to $0.18 per share, matching Street targets exactly.

Shares fell as much as 11% in after-hours trading on the news. The company will provide guidance for the coming quarter in this evening's analyst call. Analysts currently expect non-GAAP earnings of $0.26 per share on roughly $265 million in revenues for the second quarter.

"Our competitive differentiation remains strong, and we are well positioned to benefit from the current trends driving enterprise IT spending, such as 'big data,'" said CEO Vivek Ranadive.

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  • Report this Comment On March 21, 2013, at 10:36 PM, johnnyhoward wrote:

    So they get rid of the head of Sales who delivered them 17 consecutive quarters of growth because he was "leaving money on the table".

    Now we have two consecutive quarters of underperformance.....

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Anders Bylund

Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.

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Related Tickers

12/31/1969 7:00 PM
TIBX $0.00 Down +0.00 +0.00%
Tibco Software CAPS Rating: ****