TIBCO
Software reported results for its fourth quarter and fiscal year, which
ended on November 30, 2011.
Total revenue for the fourth quarter of fiscal 2011 was $289.5 million
and net income was $51.9 million, or $0.30 per diluted share. This
compares to total revenue of $241.2 million and net income of $37.5
million, or $0.22 per diluted share, as reported for the fourth quarter
of fiscal 2010. Wall Street was anticipating sales of only $281 million.
On a non-GAAP basis, net income for the fourth quarter of fiscal 2011
was $72.2 million or $0.42 per diluted share, compared with $53.8
million or $0.31 per diluted share for the fourth quarter of fiscal
2010. However, Wall Street was only looking for $0.35 per share on the
same basis.
Non-GAAP operating
income for the fourth quarter of fiscal 2011 was $99.8 million,
resulting in a non-GAAP operating margin of 34%. This compares to non-GAAP
operating income of $76.2 million, or a 32% non-GAAP operating margin in
the fourth quarter of fiscal 2010. Non-GAAP results exclude amortization
of acquired intangible assets, stock-based compensation expense,
acquisition related and other expenses and restructuring activities and
assumes a non-GAAP effective tax rate of 28% for fiscal 2011 and 30% for
fiscal 2010.
"TIBCO delivered another strong year of accelerating revenue growth and
expanded profitability in 2011," said Vivek Ranadivé, TIBCO's chairman
and chief executive officer. "As we turn to 2012, we will focus on
expanding our sales coverage, extending our event-driven platform, and
continuing to broaden the range of industries we serve. Our offerings
and the demands of the 21st century enterprise have never been better
aligned."
Fourth Quarter Fiscal 2011 Highlights
Record
total revenue of $289.5 million;
License revenue of $134.7
million;
Non-GAAP operating margin of 34%;
Record non-GAAP EPS of $0.42;
Cash flow from operations of
$63.9 million;
Repurchased 1.9 million shares;
Strong mix of business across
major industries including Financial Services, Telecommunications,
Energy, Government, Manufacturing, Life Sciences, and Transportation &
Logistics;
TIBCO closed 181 deals over $100k
and had 28 deals over $1 million; and
TIBCO expanded its business with
leading companies and agencies in the fourth quarter such as Apache
Corporation, Banco Sabadell, Candeal, M-Net Telekommunikations, Medecins
Sans Frontieres, The Nielsen Company, Oklahoma Gas & Electric, Paul
Hartmann AG, Southwest Airlines, University of Michigan School of Public
Health, and Ziggo BV.
Full Year Fiscal 2011
Highlights
Record total revenue of
$920.2 million;
License revenue of $377.6
million;
Non-GAAP operating margin of
27%;
Record non-GAAP EPS of $1.01,
vs. $0.76 for fiscal 2010;
TIBCO
Software reported results for its fourth quarter and fiscal year, which
ended on November 30, 2011. 