TIBCO Software Inc. Earnings: Short of Wall Street Analysts’ Profit Estimate

TIBCO Software Inc. (NASDAQ:TIBX) reported its results for the third 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. rose to $26.1 million (15 cents per share) vs. $23.5 million (14 cents per share) in the same quarter a year earlier. This marks a rise of 10.9% from the year-earlier quarter.

Revenue: Rose 11.4% to $255 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: TIBCO Software Inc. fell short of the mean analyst estimate of 17 cents per share. It beat the average revenue estimate of $244.9 million.

Quoting Management: “We continue to steadily build our business, with total revenue and license revenue up by 18% and 14% respectively over the prior year period, after adjusting for currency movements,” said Vivek Ranadiv, TIBCO’s chairman and CEO. “By marrying mobile, social, cloud and on-premise data streams, our infrastructure software platform provides the backbone for data-in-motion, the ability to make sense of data-at-rest, and the powerful context needed in the 21st century. TIBCO is in a strategic position to benefit as IT shifts to event-driven architectures and business looks for its two-second advantage — or the ability to anticipate change and opportunity before and as it happens.”

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 18.3%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 24.1% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 25.9% and in the first quarter, the figure rose 29.4%.

After beating analyst estimates for the two previous quarters, the company fell short of forecasts. In the second quarter, it topped the mark by one cent, and in the first quarter, it was ahead by 7 cents.

Looking Forward: The outlook for the company’s results in the upcoming quarter is unfavorable. The average estimate for the fourth quarter is 21 cents per share, down from 23 cents ninety days ago. For the fiscal year, the average estimate has moved down from 94 cents a share to 91 cents over the last ninety days.

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

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