September 27, 2007 / 8:28 PM / 12 years ago

Tibco profit tops recently reduced forecast

SAN FRANCISCO, Sept 27 (Reuters) - Business software maker Tibco Software Inc TIBX.O on Thursday posted a quarterly profit that topped a reduced forecast it gave earlier this month.

Tibco’s third-quarter net profit was $4.6 million, or 2 cents per share, compared with $11.3 million, or 5 cents per share, a year earlier. Revenue was $135.1 million, up from $120.4 million.

Excluding items, Tibco had a profit of $12.1 million, or 6 cents per share, down from $15.5 million, or 7 cents per share, a year ago.

On Sept. 5, Tibco said it lowered its expected quarterly earnings to a range of 4 cents to 5 cents per share, excluding items, on revenue of $130 million to $133 million. It cited deals that did not close by the end of its quarter for the shortfall.

Reporting by Duncan Martell

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