Second Quarter Results see Tibco Software in Good Form
TIBCO Software has announced results for its second fiscal quarter, which ended 30 May 2004. Total revenues for the second quarter were $81m. Licence revenues for the second quarter were $45.3m. Net income for the quarter calculated in accordance with generally accepted accounting principles (GAAP) in the United States was $9.6m or $0.05 per share on a fully diluted basis. TIBCO had non-GAAP net income for the second fiscal quarter of $11.0m, and its non-GAAP net income per share on a fully diluted basis was $0.05 for the quarter. Non-GAAP results exclude stock-based compensation charges and amortization of acquired intangibles, and assume a non-GAAP effective tax rate of 38 per cent, said the company.