Tibco Software Q2 revenue up

Date: 10 July 2006
(ICT World)
Tibco Software, a business integration and process management software company that enables real-time business, has announced results for its second fiscal quarter ended June 4.

Total revenue for the second quarter of fiscal 2006 was $121,2m, and net income was $24,5m, or $0,11 per diluted share. This compares to total revenue of $101,4m and net income of $21,7m, or $0,10 per diluted share, as reported for the second quarter of fiscal 2005.

On a non-GAAP basis, net income for the second quarter of fiscal 2006 was $16,9m or $0,08 per diluted share, compared with $8,6m or $0,04 per diluted share for the second quarter of fiscal 2005. Non-GAAP operating income for the second quarter of fiscal 2006 was $22,4m, resulting in non-GAAP operating margins of 18,4%.

This compares to non-GAAP operating income of $10,5m, or 10,3% in the second quarter of fiscal 2005. Non-GAAP results exclude stock-based compensation expense, amortisation of acquired intangible assets and restructuring charges, and the income tax effects of the foregoing.

"I believe our focus on delivering solutions across our platform is paying off with customers, given our year over year licence revenue growth," says Vivek Ranadivé, chairman and CEO of Tibco. "In particular, our commitment to and focus on service-oriented architecture (SOA) is an important opportunity for our future growth."

Highlights for Tibco's second quarter of fiscal 2006 include:

* Year over year growth across all geographic regions, with the Americas up by 15%, EMEA up by 16%, and with particular strength in Asia-Pacific, up by 59%.

* Tibco's core industry markets experienced year over year growth led by telecommunications up by 101%, energy up by 23% and financial services up by 7%. In addition, Tibco had particular strength in its government business, which grew over 200% year over year.

* 92 deals over $100 000 and 14 deals over $1m during the quarter.