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Friday, Jun 29
2012, 4:27 PM
Tibco (TIBX +11.5%) ended the day with a big gain after beating FQ2 estimates and providing...
Tibco (TIBX +11.5%) ended the day with a big gain after beating FQ2 estimates and providing reassuring FQ3 guidance. The company also fired Americas sales chief Robin Gilthorpe as part of a reorg. During its earnings call, Tibco noted Asia-Pac sales rose 40% Y/Y in FQ2, helping offset a mere 4% increase in Euro sales, where IT spending (like much else) has come under pressure. Also, the company's BPM software sales rose 80%.