Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of TIBCO Software (Nasdaq: TIBX) bucked a declining trend in the software industry and bounced 10% higher today after releasing earnings.

So what: Revenue grew 20% to $289.5 million, topping estimates of $281.4 million from analysts. Earnings also topped estimates, hitting $0.42 per share, $0.07 higher than estimated. Guidance for next year was also slightly higher than analysts had expected.

Now what: TIBCO obviously isn't seeing the same weakness that Oracle (Nasdaq: ORCL) saw earlier this week when it reported earnings. That relief accounts for some of the bounce, as investors were on edge about falling revenue in the software business. I see this as positive news but would keep an eye on how demand in the industry plays out early next year.

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