Tibco Q4 solid; CEO optimistic about 2014

Summary:Tibco CEO Vivek Ranadive said he was "optimistic about our prospects in the year ahead."

Tibco reported a better-than-expected fourth quarter as the company closed 31 deals over $1 million.

The company reported fourth quarter earnings of $44.5 million, or 27 cents a share, on revenue of $315.5 million. Non-GAAP earnings for the fourth quarter were 42 cents a share.

Wall Street was expecting Tibco to report fourth quarter non-GAAP earnings of 39 cents a share. Tibco's revenue for the fourth quarter was at the high end of its previous guidance.

Tibco CEO Vivek Ranadive said he was "optimistic about our prospects in the year ahead."

For fiscal 2013, Tibco reported revenue of $1.07 billion, up from $1.02 billion in 2012. Net income for 2013 was $84 million, or 50 cents a share, down from $122 million, or 72 cents a share in 2012.

tibco q4

 

Topics: Enterprise Software

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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