|
by Diane Himes, MA Editorial Staff
Posted on Friday, June 29, 2007 3:40:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | SOA application infrastructure provider emphasizes the long-term potential of its growing software business in a quarter that saw a 62% drop in net income year over year. |
| Keywords: | TIBCO, SOA, service-oriented architecture, BPM, business process management, second quarter financials, Spotfire, business intelligence, predictive data |
Service-oriented architecture software provider TIBCO Software Inc. yesterday reported second-quarter financial results in which year-over-year revenue was up, but income dropped sharply. While the company's total revenue of $130.5 million for the quarter ended June 3 was up 8% year over year from $121.2 million, net income in the quarter was $9.2 million, or $0.04 per diluted share, compared with $24.5 million, or $0.11 per diluted share, in the comparable period in 2006. TIBCO said net income for the second quarter of fiscal year 2006 included a benefit of $9.9 million, or $0.05 per share, "related to the release of valuation allowance that had previously been recorded against our deferred tax assets." The company also said total operating expenses for the most recent quarter grew to $83 million, from $74.1 million. [Click to continue] |
|
|
|
|