Tibco’s Third Quarter Looks Good; Fourth Quarter Is Questionable
EARNINGS REPORT
LONDON--Tibco Software Inc. (TSI) announced on-target third quarter earnings on Sept. 20 but warned that the fourth quarter may be slower than expected because of the uncertainty in the market after the World Trade Center and Pentagon attacks.
Tibco reported total revenues of $75.2 million, up 12 percent from the same period last year, while net income dropped 36 percent to $6.9 million.
Analysts were satisfied with Tibco’s performance, saying that the company managed its costs well in an
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