The 10-second takeaway
For the quarter ended Sep. 2 (Q3), TIBCO Software missed slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew.
Gross margins contracted, operating margins expanded, net margins contracted.
TIBCO Software booked revenue of $255.0 million. The 19 analysts polled by S&P Capital IQ expected sales of $259.6 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $229.0 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 $0.27. The 19 earnings estimates compiled by S&P Capital IQ predicted $0.27 per share. GAAP EPS of $0.15 for Q3 were 7.1% higher than the prior-year quarter's $0.14 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 71.7%, 60 basis points worse than the prior-year quarter. Operating margin was 17.3%, 90 basis points better than the prior-year quarter. Net margin was 10.2%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $315.0 million. On the bottom line, the average EPS estimate is $0.44.
Next year's average estimate for revenue is $1.04 billion. The average EPS estimate is $1.17.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 493 members out of 522 rating the stock outperform, and 29 members rating it underperform. Among 125 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 119 give TIBCO Software a green thumbs-up, and six 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 $34.79.
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