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by Chris Chiappinelli, MA Editorial Staff Posted on Friday, March 28, 2008 4:27:27 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Revenue for the application infrastructure and integration provider spikes 17% as last year's acquisition of BI vendor Spotfire begins to impact the top line. |
| Keywords: | TIBCO financials, TIBCO first quarter |
Application infrastructure software provider TIBCO Software Inc. on Thursday announced a 17% jump in sales in its recently closed first quarter, a spike that the company credited in part to its 2007 acquisition of business intelligence specialist Spotfire.
For the quarter ended March 2, 2008, TIBCO reported revenue of $146.6 million, a 17% gain on the $125.7 million reported in the year-earlier quarter. License revenue showed an 11% improvement to $57.8 million in the quarter, from $52.1 million a year ago. But the real highflier was TIBCO's services and maintenance revenue, which soared 21% to $86.9 million.
Acquisition and other expenses nearly halved TIBCO's net income, which declined to $5.5 million from $10.4 million in the same period a year ago. That translated into per-share net income of $0.03, down from $0.05 in 2007's first quarter.
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