TIBCO Software Tops Estimates in Q1, Rose 22% Year-Over-Year
TIBCO Software (NASDAQ:TIBX) reported first quarter earnings after the bell yesterday, posting an EPS of $0.20, better than analyst estimates of $0.19 per share. Revenues for the quarter rose 22 % year-over-year to $225.70 million, better than consensus estimates of $222.36 million.
Vivek Ranadivé, TIBCO's chairman and CEO said, "Once again this year, we got off to a very strong start with 22% total revenue growth in the quarter. Our innovation leadership, real-time DNA, and enterprise experience in the world's most demanding environments are all coming together at a very exciting time in the marketplace. Our infrastructure software platform positions us well as a beneficiary of the most powerful technology trends of our time: big data, cloud, social and mobility. So, any company looking to meaningfully grow its revenue, improve its operational efficiency or manage risk and fraud should be talking to TIBCO about becoming event-driven and achieving its Two-Second Advantage."
TIBCO Software is currently above its 50-day moving average (MA) of $28.61 and above its 200-day of $26.06.