It wasn't only the Dow Jones posting steep declines on Thursday. TIBCO Software's (TIBX +0.00%) results for the company's Q2 were released, revealing a marked decline in bottom line. For the quarter, revenue was $245.8 million, a bit lower than the $247.4 million in the same period the previous year. Net income, however, fell considerably, to $8.7 million ($0.05 per diluted share) from Q2 2012's $26.5 million ($0.16). On a non-GAAP basis, those numbers were $29.7 million ($0.18 per diluted share), and $43.6 million ($0.26), respectively.
Analysts had been projecting revenue of $246.7 million and EPS of $0.18.
TIBCO's bottom-line drop was due largely to a fall in licensing revenue, and increases in operating expenses.
