Shares of enterprise software provider Tibco (TIBX) are up 67 cents, or 2.5%, at $27.50 in late trading after the company this afternoon reported fiscal Q2 revenue and profit per share that topped analysts’ expectations.
Revenue in the three months ended in May rose 14.4%, year over year, to $247.4 million, yielding EPS of 26 cents, excluding some costs.
Analysts on average had been expecting $244.9 million and 23 cents.
Total revenue rose 20% on a constant currency basis, while license revenue was up 13%.
CEO Vivek Ranadive remarked that the company’s software continued to be a priority for “big data” applications “in up markets and down.”
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