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.

Interested in more info on TIBCO Software? Add it to your watchlist by clicking here.