One of the major business events of a week winding down to the Christmas holidays involved a company out of Silicon Valley showing its determination to make a dent in the technological world.
TIBCO Software Inc. (NASDAQ: TIBX), based in Palo Alto, California, is a provider of infrastructure software for companies to use on-premise or as part of cloud computing environments. TIBCO provides companies the two-second advantage – by which it means the ability to capture the right information, at the right time, and act on it preemptively for a competitive advantage. The company also boasts that 4,000 customers have availed themselves of this advantage.
This week, the company reported truly mouth-watering quarterly numbers that should whet the appetites of potential investors shaking off this weekend’s twin assaults of turkey and pumpkin pie. Total revenue for the fourth quarter of fiscal 2011 was $289.5 million and net income was $51.9 million, or $0.30 per diluted share. This measures 20% higher than total revenue of $241.2 million and 38.4% higher than the net income of $37.5 million, or $0.22 per diluted share in the fourth quarter of fiscal 2010.
Full-year revenues came in at a record $920.2 million, with Earnings Per Share registered at $1.01, compared to 76 cents in 2010.
Prices for this up-and-comer took a bit of a drop on the earnings news on Wednesday, but sprang to life yet again on Thursday, well over the $24 mark, before settling Friday to $23.55, or 0.8% lower than Thursday’s close. The shares have traded in a 52-week range of $31.45 (achieved last July) to $18.43 in early August. For sure, there is a lot of upward room for this stock, and investors, once they feel like shopping around again, ought to give this company another look. Proper due diligence is encouraged.
