The 10-second takeaway
For the quarter ended March 3 (Q1), TIBCO Software missed slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share shrank. GAAP earnings per share dropped significantly.
Margins dropped across the board.
TIBCO Software recorded revenue of $237.8 million. The 22 analysts polled by S&P Capital IQ expected revenue of $242.4 million on the same basis. GAAP reported sales were 5.4% higher than the prior-year quarter's $225.7 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 $0.18. The 22 earnings estimates compiled by S&P Capital IQ predicted $0.18 per share. Non-GAAP EPS of $0.18 for Q1 were 10% lower than the prior-year quarter's $0.20 per share. GAAP EPS of $0.06 for Q1 were 50% lower than the prior-year quarter's $0.12 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 69.0%, 170 basis points worse than the prior-year quarter. Operating margin was 8.1%, 270 basis points worse than the prior-year quarter. Net margin was 4.0%, 510 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $260.4 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $1.11 billion. The average EPS estimate is $1.06.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 500 members out of 530 rating the stock outperform, and 30 members rating it underperform. Among 132 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 128 give TIBCO Software a green thumbs-up, and four 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 $27.00.
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