Tibco (TIBX +1.7%) has turned positive after initially falling in response to a top-line FQ3...
Friday, September 21, 2012, 12:16 PM ETTibco (TIBX +1.7%) has turned positive after initially falling in response to a top-line FQ3 miss and soft guidance. Analyst commentary had been cautious going into the report, that probably helped keep expectations in check. Also, Tibco's deferred revenue grew by $27M Q/Q to $280M. During Tibco's earnings call, CEO Vivek Ranadive talked up the company's ~$500M deal pipeline, and argued Tibco offers a "complete platform" for transporting, analyzing, creating rules for, and acting upon big data.
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