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UPDATE: Tibco Posts Upbeat Q4 Profit

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Tibco Software (NASDAQ: TIBX) reported a better-than-expected fourth-quarter profit.

Tibco expects licensing revenue of $84 to $88 million for the quarter. It projects Q1 adjusted profit of $0.17 to $0.18 per share, versus analysts' estimates of $0.21 per share.

Tibco's quarterly adjusted profit came in at $0.42 per share.

Its revenue climbed 2% to $296.5 million. However, analysts were expecting earnings of $0.39 per share on revenue of $297.6 million.

Tibco shares gained 3.86% to $21.54 in after-hours trading.

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