TIBCO Software Earnings: These Results are Getting Cheers

TIBCO Software Inc. (NASDAQ:TIBX) reported its results for the fourth quarter. TIBCO Software is a provider of infrastructure software. It offers a range of standards-based infrastructure software solutions that help organizations achieve the benefits of real-time business.

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TIBCO Software Inc. Earnings Cheat Sheet

Results: Net income for TIBCO Software Inc. fell to $48.8 million (29 cents per share) vs. $51.9 million (30 cents per share) a year earlier. This is a decline of 6% from the year-earlier quarter.

Revenue: Rose 2.4% to $296.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: TIBCO Software Inc. reported adjusted net income of 42 cents per share. By that measure, the company beat the mean estimate of 32 cents per share. It beat the average revenue estimate of $244.9 million.

Quoting Management: “Despite weakness in our Americas infrastructure business in Q4, TIBCO delivered another record year of revenue and profitability in 2012,” said Vivek Ranadiv, TIBCO’s chairman and chief executive officer. “As we enter 2013, we are confident about our market position and see many avenues of growth for our business. The world continues to accelerate its shift towards operating in real-time, requiring companies to find more and better ways to integrate their businesses and understand the information and events that drive performance. This trend continues to create demand for our event-driven platform. Our focus in the new year is on investing for innovation and growth, delivering extreme value to our customers, and executing with consistency.”

Key Stats:

Last quarter’s profit decrease ends a four-quarter streak of profit increases. In the third quarter, net income rose 10.9% from the year earlier, while the figure increased 25.9% in the second quarter, 29.4% in the first quarter and 38.4% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 11.4% to $255 million in the third quarter. The figure rose 14.3% in the second quarter from the year earlier and climbed 21.8% in the first quarter from the year-ago quarter.

The company beat estimates last quarter after being in line with expectations in the third quarter with net income of 20 cents per share.

Looking Forward: Over the last 30 days, analysts have not been optimistic about the company’s next-quarter performance. The average estimate for the first quarter of the next fiscal year is now 15 cents per share, down from 18 cents. For the fiscal year, the average estimate has moved down from 93 cents a share to 85 cents over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)