TIBCO Software Rises on Q4 Earnings Beat
December 21, 2011 6:14 PM
Shares of TIBCO Software (NASDAQ: TIBX) are trading higher in the after-hours following the release of the company's Q4 earnings results. Currently, shares are higher by 1.36%, trading at $22.30; they ended the regular session lower by 6.62%, at $22.00.
TIBCO Software reported Q1 EPS of $0.42 on revenues of $289.5 million; the Street was looking for $0.35 per share on revenues of $281.25 million. Revenues increased 20.0% year over year.
"TIBCO delivered another strong year of accelerating revenue growth and expanded profitability in 2011," said Vivek Ranadive, TIBCO's chairman and chief executive officer.
"As we turn to 2012, we will focus on expanding our sales coverage, extending our event-driven platform, and continuing to broaden the range of industries we serve. Our offerings and the demands of the 21st century enterprise have never been better aligned."
TIBCO Software Inc. is an independent provider of middleware and infrastructure software. The company's standards-based software offerings enable customers to create configurable applications from software infrastructure and deliver real-time insights.
