September 23, 2010, 5:16 PM — Tibco Software, Inc., a maker of integration software for enterprises, announced after Thursday's market close that third-quarter earnings were $17.4 million, or 10 cents per share, up 17 percent from last year's $14.9 million, or 9 cents per share.
Revenue in Q3 was $184.5 million, up 23 percent from $150.3 million in the year-ago quarter. Excluding one-time charges, Tibco's earnings for the third quarter were 17 cents a share, compared to 13 cents a share a year ago. Consensus estimates forecast a Q3 profit of 15 cents per share and revenue of $176 million.
Tibco shares closed Thursday (before earnings were announced) at 16.37, up 46 cents, or 2.9 percent. The stock continued to climb after hours, reaching 17.70, a gain of more than 8 percent from the close.
Since falling as low as 8.23 last December, Tibco shares have climbed steadily. Through Thursday's close, the company's stock has gained 70 percent in 2010.
Tibco also reported a 23 percent year-over-year gain in licensing revenue to $70.6 million and cash flow from operations of $31.9 million.
In a prepared statement accompanying the earnings release, Vivek Ranadive, company chairman and CEO, said, "The mainstream appeal of our software platform was once again on display this quarter, with a broad mix of demand across industry, geography and product line."
The company's products span a number of categories, including service-oriented architecture, business process management, business optimization, data management and cloud services.
Tibco has more than 3,000 customers around the world with offices in 40 countries, along with 200 partners. Customers include Atlantic Lottery Corp., First National Bank, Macy's, Qualcomm and Singapore Airlines.