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Tibco Software, Inc. (Nasdaq:TIBX) announced results for its second fiscal quarter, which ended on May 29, 2011. Total revenue for the second quarter of fiscal 2011 was $216.4 million and net income was $21.0 million, or $0.12 per diluted share. This compares to total revenue of $173.3 million and net income of $12.8 million, or $0.08 per diluted share, as reported for the second quarter of fiscal 2010. On a non-GAAP basis, net income for the second quarter of fiscal 2011 was $36.3 million or $0.21 per diluted share, compared with $26.2 million or $0.15 per diluted share for the second quarter of fiscal 2010. Non-GAAP operating income for the second quarter of fiscal 2011 was $50.8 million, an increase of 31% over non-GAAP operating income of $38.8 million in the second quarter of fiscal 2010. Non-GAAP results exclude amortization of acquired intangible assets, stock-based compensation expense, acquisition related and other expenses and restructuring activities and assume a non-GAAP effective tax rate of 26% and 31% for the second quarter of fiscal years 2011 and 2010, respectively.
TIBCO Software Inc. provides middleware and infrastructure software worldwide. It offers its products in the areas of service-oriented architecture (NYSE:SOA), business optimization, and business process management (BPM). TIBCO Software Inc. was incorporated in 1996 and is based in Palo Alto, California.
Cleantech Transit Inc. (OTCPK:CLNO)
The world's energy markets rely heavily on the fossil fuels coal, petroleum crude oil, and natural gas as sources of energy, fuels, and chemicals. Since millions of years are required to form fossil fuels in the earth, their reserves are finite and subject to depletion as they are consumed. The only other naturally-occurring, energy-containing carbon resource known, that is large enough to be used as a substitute for fossil fuels, is biomass.
Biomass is all non-fossil organic materials that have intrinsic chemical energy content. They include all water and land-based vegetation and trees, virgin biomass, and all waste biomass such as municipal solid waste (NASDAQ:MSW), municipal biosolids (sewage) and animal wastes (manures), forestry and agricultural residues, and certain types of industrial wastes. Unlike fossil fuels, biomass is renewable and sustainable. Renewable in the sense that only a short period of time is needed to replace what is used as an energy resource.
Sustainable through naturally occurring growth cycles or through a well managed and coordinated regional bio-waste, agricultural waste and industrial waste strategy. Coupled with a comprehensive energy strategy, biomass resources address many of our nation's energy concerns as well as the capability to address many of the same concerns facing community's worldwide.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project can generate shareholder returns as well benefit the Company's manufacturing clients worldwide.
Cleantech Transit, Inc. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Please visit Cleantech Transit, Inc. website www.cleantechtransitinc.com
Ebix, Inc. (NASDAQ:EBIX) a leading international supplier of On-Demand software and E-commerce services to the insurance industry, announced its plan to double its US Exchange sales force in 2011. The Company announced that it plans to hire a total of 44 new sales personnel in the Exchange arena in the United States in 2011. The Company said that it has already hired 14 new Exchange sales personnel in the United States in 2011.
Ebix, Inc. provides on-demand software and e-commerce solutions to the insurance industry. The company was formerly known as Delphi Systems, Inc. and changed its name to Ebix, Inc. in December 2003. Ebix, Inc. was founded in 1976 and is headquartered in Atlanta, Georgia.
Power-One, Inc. (Nasdaq:PWER), a leading provider of renewable energy and energy-efficient power conversion solutions, announced that the Company's Aurora PVI-3.0-OUTD-W 3kW inverter has been selected by WindTronics for use with the Honeywell Wind Turbine for on-grid installations. WindTronics is spreading the availability of wind power for home and business owners with its wind turbine, which is now available through a global distribution network.
Power-One is the world's second largest designer and manufacturer of photovoltaic inverters. Its renewable energy products enable the industry's highest yielding conversion of power from both solar arrays and wind farms for use by utilities and homes.For more information about Power-One, please visit www.Power-One.com.
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