PALO ALTO, CA -- (Marketwired) -- 06/20/13 -- TIBCO Software Inc. (NASDAQ: TIBX) today announced results for its fiscal second quarter which ended on June 2, 2013.
Total revenue for the second quarter of fiscal 2013 was $245.8 million and net income was $8.7 million, or $0.05 per diluted share. This compares to total revenue of $247.4 million and net income of $26.5 million, or $0.16 per diluted share, as reported for the second quarter of fiscal 2012.
On a non-GAAP basis, net income for the second quarter of fiscal 2013 was $29.7 million or $0.18 per diluted share, compared with $43.6 million or $0.26 per diluted share for the second quarter of fiscal 2012. Non-GAAP operating income for the second quarter of fiscal 2013 was $45.3 million, resulting in a non-GAAP operating margin of 18.4%. This compares to non-GAAP operating income of $61.8 million, or a 25.0% non-GAAP operating margin in the second quarter of fiscal 2012. Non-GAAP results exclude amortization of acquired intangible assets, stock-based compensation expense, acquisition related and other expenses, restructuring activities and non-cash interest expense related to convertible debt and assumes non-GAAP effective tax rates of 26% and 27% for the second quarter of fiscal 2013 and 2012, respectively.
"Improving sales execution remains our top priority. While work remains to be done, we saw signs of improvement and a healthier base of activity this quarter," said Vivek Ranadivé, TIBCO's chairman and chief executive officer. "Given the opportunity we see, we continue to invest for growth and innovation. Our ability to extract insights from static and real-time data and then operationalize those insights to help customers achieve the Two Second Advantage is a powerful driver and well-aligned with market needs in this era of big data."
Second Quarter Fiscal 2013 Highlights
•Total revenue of $245.8 million; •License revenue of $82.3 million; •Non-GAAP operating margin of 18.4%; •Non-GAAP EPS of $0.18; •Cash flow from operations of $24.9 million; •Broad mix of business across major industries including Financial Services, Communications, Energy, Retail, Manufacturing, Transportation & Logistics, Government, Life Sciences; •TIBCO closed 147 deals over $100k and had 12 deals over $1 million.
Conference Call Details
TIBCO has scheduled a conference call for 4:30 pm ET / 1:30 pm PT today to discuss its second quarter results. The conference call will be hosted by InterCall and may be accessed over the internet at www.tibco.com or via dial-in at 877-293-9114 or 706-679-0841. Please join the conference call at least 10 minutes early to register. A replay of the conference call will be available until midnight ET on July 20, 2013 at www.tibco.com or via dial-in at 800-585-8367 or 404-537-3406. The pass code for both the call and the replay is 91499868.
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