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Friday, Mar 22
"Our issues are primarily execution-related," Tibco (TIBX -15.3%) CEO Vivek Ranadive asserts on...
"Our issues are primarily execution-related," Tibco (TIBX -15.3%) CEO Vivek Ranadive asserts on his company's FQ1 call. He suggests Tibco has "weak leadership" in the Americas and the U.K., and hints at a restructuring. Shares have been hit with 2 downgrades following a revenue miss and light guidance. An 8% Y/Y sales drop in the critical finance vertical and a decline in $1M+ deals offset 50% growth in telecom. Randadive argues Tibco's ability to process both business transactions and events through its middleware/analytics offerings is a key differentiator. INFA -5.6% (previous). QLIK -3.1%. MSTR -2.2%.