TIBCO Software Shares Jumped: What You Need to Know


Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of TIBCO Software (NAS: TIBX) bucked a declining trend in the software industry and bounced 10% higher today after releasing earnings.

So what: Revenue grew 20% to $289.5 million, topping estimates of $281.4 million from analysts. Earnings also topped estimates, hitting $0.42 per share, $0.07 higher than estimated. Guidance for next year was also slightly higher than analysts had expected.

Now what: TIBCO obviously isn't seeing the same weakness that Oracle (NAS: ORCL) saw earlier this week when it reported earnings. That relief accounts for some of the bounce, as investors were on edge about falling revenue in the software business. I see this as positive news but would keep an eye on how demand in the industry plays out early next year.

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At the time thisarticle was published Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.The Motley Fool owns shares of Oracle. Motley Fool newsletter services have recommended buying shares of TIBCO Software. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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