AJAX Developer and SOA Vendor Tibco Announces Record Revenues for 2006 Q2

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Monday, July 10, 2006; 02:57 AM

TIBCO Software announced results for its second fiscal quarter ended June 4, 2006. Total revenues for the second quarter of fiscal 2006 were $121.2 million, and net income was $24.5 million, or $0.11 per diluted share. This compares to total revenue of $101.4 million and net income of $21.7 million, or $0.10 per diluted share, as reported for the second quarter of fiscal 2005. 

"I believe our focus on delivering leading solutions across our platform is paying off with customers, given our year over year license revenue growth," said Vivek Ranadivé, Chairman and CEO of TIBCO. "In particular, our commitment to and focus on service-oriented architecture (SOA) - the dominant enabling architecture for becoming an event-driven enterprise - is an important opportunity for our future growth. Our SOA approach provides a key differentiator for our business process management (BPM) and Predictive Business offerings."

Highlights for TIBCO's Second Quarter of Fiscal 2006

• Year over year growth across all geographic regions with the Americas up by 15%, EMEA up by 16% and with particular strength in Asia Pacific, up by 59%.
• TIBCO's core industry markets experienced year over year growth led by telecommunications up by 101%, energy up by 23% and financial services up by 7%. In addition, TIBCO had particular strength in its government business which grew over 200% year over year.
• 92 deals over $100,000 and 14 deals over $1 million during the quarter.
• TIBCO made significant sales to both new and existing customers, including Allegis, Claire Stores, Electronic Arts, QUALCOMM, Virgin Mobile and Wachovia.