TIBCO Software Q2 Net Tumbles, but Meets Expectations

By Eric Volkman – Jun 20, 2013 at 10:51PM

NASDAQ: TIBX.DL

TIBCO Software Inc.

The company's net profit drops by two-thirds on a year-over-year basis.

It wasn't only the Dow Jones posting steep declines on Thursday. TIBCO Software's (TIBX.DL) 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.

Fool contributor Eric Volkman has no position in TIBCO Software. The Motley Fool recommends TIBCO Software. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.