SOA News Desk
TIBCO Software Reports Q4 GAAP EPS of $0.18, Non-GAAP EPS of $0.23
Full Year Non-GAAP EPS Increases by 17% and Operating Margin Expands by 400 Basis Points Over 2008
By: Yeshim Deniz
Dec. 25, 2009 03:45 PM
Cloud Computing Expo - TIBCO Software Inc. (NASDAQ: TIBX) today announced results for its fourth quarter, which ended on November 30, 2009.
Total revenue for the fourth quarter of fiscal 2009 was $195.6 million and net income was $31.7 million, or $0.18 per diluted share.
This compares to total revenue of $185.5 million and net income of $32.3 million, or $0.18 per diluted share, as reported for the fourth quarter of fiscal 2008.
On a non-GAAP basis, net income for the fourth quarter of fiscal 2009 was $39.2 million or $0.23 per diluted share, compared with $39.9 million or $0.23 per diluted share for the fourth quarter of fiscal 2008. Non-GAAP operating income for the fourth quarter of fiscal 2009 was $58.3 million, resulting in a non-GAAP operating margin of 30%. This compares to non-GAAP operating income of $54.0 million, or a 29% non-GAAP operating margin in the fourth quarter of fiscal 2008. Non-GAAP results exclude stock-based compensation expense, amortization of acquired intangible assets, and equity investment activities and assume a non-GAAP effective tax rate of 32% for fiscal 2009 and 30% for fiscal 2008.
"We executed well in 2009 -- bringing innovative new technologies to market, showcasing the stability in our core business, expanding our footprint in key verticals and geographies, and meaningfully increasing our profitability," said Vivek Ranadivé, TIBCO's chairman and chief executive officer. "As we enter 2010, we're focused on continuing to extend our innovation advantage as the leading pure-play provider of event-driven infrastructure."
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