Seeking Alpha

Tibco guides light; shares -2.8% AH

  • Tibco (TIBX) guides on its FQ2 CC for FQ3 revenue of $267M-$279M and EPS of $0.15-$0.19, largely below a consensus of $278.5M and $0.24.
  • A relatively soft guide was expected following Tibco's June 3 FQ2 warning.
  • License revenue (30% of total revenue, drives future services revenue) fell 7% Y/Y in FQ2. Tibco once more blames execution issues, and says it's "aggressively focusing on making strategic, operational and organizational changes to address our execution challenges."
  • Tibco's nascent subscription business grew 63% Y/Y to $5.8M (2% of revenue). Services/maintenance revenue (67% of revenue, largely stems from past deals) rose 7%. Opex rose 6% to $159.3M.
  • Tibco's numbers arrive a week after activist Praesidium Investment disclosed a 3.4% stake and called for changes.
  • FQ2 results, PR
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs