| Tech Stock News and Analysis |
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| Wednesday, January 03, 2007 |
Tibco shares up 4.5% to $9.90 in trading on the NASDAQ.
Tibco Software Inc., which makes business integration software, said last week its fiscal fourth-quarter profit rose 19 percent, but full-year earnings barely budged.
For the three months ended Nov. 30, earnings increased to $31.5 million, or 14 cents per share, from $26.6 million, or 12 cents per share, during the same period last year.
Revenue rose 20 percent to $161 million from $134.4 million in the year-ago quarter. Both license revenue and service revenue grew during the quarter.
Analysts polled by Thomson Financial forecast a profit of 12 cents per share on $156.5 million in sales.
For the full fiscal year, Tibco's earnings inched up less than half a percent to $72.9 million, or 33 cents per share, from $72.6 million, or 32 cents per share in 2005. Results were weighed down by a hefty income tax provision.
Revenue rose 16 percent to $517.3 million from $445.9 million last year.
The company also said it approved a program to repurchase up to $100 million in outstanding shares over the next 18 months. |
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