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

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March 21, 2013 | Comments (1)

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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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Fool contributor Anders Bylund owns shares of TIBCO Software, but he holds no other position in any company mentioned. Check out Anders' bio and holdings or follow him on Twitter and Google+.

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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • 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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Related Tickers

5/17/2013 3:59 PM
TIBX $22.20 Up +0.42 +1.93%
Tibco Software CAPS Rating: ****

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