TIBCO Software has reported revenue of $142.7m for the second quarter of fiscal 2009, compared to $150m for the same quarter of fiscal 2008.
GAAP net income for the quarter was $10.1m or $0.06 per diluted share, compared to $3.5m or $0.02 per diluted share reported for the second quarter of fiscal 2008.
Vivek Ranadive, TIBCO’s chairman and chief executive officer, said: We are managing our business tightly during the downturn and focused on delivering strong returns, as shown by a 40% annual growth in non-GAAP EPS through the first half of the year.
At the same time, we continue to innovate by investing in our core product lines and moving aggressively into emerging sectors such as cloud computing, as highlighted by our release this quarter of TIBCO Silver, the industry’s first cloud application delivery platform for the enterprise.
The company’s license revenue was $50.5m and cash flow from operations for the quarter was $42.3m.
Besides, it has closed 88 deals valued over $100k and had 11 deals over $1m. The company reportedly continued strong mix of business across industries including financial services, telecommunications, government, life sciences, and energy.
The company has expanded its business with companies in Q2 such as CenturyTel, Chevron, Cricket Communications, IP Australia, QVC, Tesco Stores, and World Vision International.
