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

First-quarter results didn't measure up to analysts' revenue targets.

By Anders Bylund – Mar 21, 2013 at 4:51PM EST

Data analysis expert TIBCO Software (TIBX +0.00%) 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.

Anders Bylund is a contributing Motley Fool media and technology analyst covering semiconductors, cloud computing, internet infrastructure, quantum computing, and streaming media. Previously, Anders was a systems administrator for Nielsen Technology and CSX, gaining hands-on experience with enterprise-class systems. He was also a freelance writer for Ars Technica, TIME, USA Today, CNN, WIRED, and AOL's Daily Finance. He holds a bachelor’s degree in English and a master’s degree in library and information sciences from Florida State University. He believes in coyotes and time as an abstract.

TMFZahrim

@TMFZahrim

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

Read Next

About the Author

Stocks Mentioned

Premium Investing Services