Tibco Software Earnings: Here’s Why the Stock is Rising Now

Tibco Software, Inc. (NASDAQ:TIBX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 6.14%.

Tibco Software, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 3.7% to $0.28 in the quarter versus EPS of $0.27 in the year-earlier quarter.

Revenue: Rose 6.23% to $270.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tibco Software, Inc. reported adjusted EPS income of $0.28 per share. By that measure, the company beat the mean analyst estimate of $0.22. It beat the average revenue estimate of $258.27 million.

Quoting Management: “We saw further signs of operational improvement this quarter, as our focus on execution generated renewed growth in our infrastructure business,” said Vivek Ranadivé, TIBCO’s chairman and chief executive officer. “Across an expanding set of industries, the world’s leading companies are calling on TIBCO for innovative solutions to big data challenges and their own version of the Two-Second Advantage. Given the opportunity before us, we will continue to invest for growth and innovation, particularly in the areas of integration, analytics and cloud.”

Key Stats (on next page)…

Revenue increased 10.19% from $245.85 million in the previous quarter. EPS increased 55.56% from $0.18 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.4 and has not changed. For the current year, the average estimate is a profit of $0.98, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)