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.