March 21 Business software maker Tibco Software
Inc reported quarterly revenue that missed analysts'
estimates and an in-line profit, sending its shares down 11
percent in extended trade.
Net income more than halved to $9.5 million, or 6 cents per
share, in the first quarter, from $20.6 million, or 12 cents per
share, a year earlier.
Revenue rose 5 percent to $237.8 million.
Analysts on average had expected adjusted earnings of 18
cents per share on revenue of $242.5 million, according to
Thomson Reuters I/B/E/S.
Shares of the company were down at $20.75 in trading after
the bell. They closed at $23.17 on the Nasdaq on Thursday.