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.”
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