TIBCO Software says it enjoyed record results in its fourth quarter, which ended on 30 November 30 2006. Total revenue for the fourth quarter was $161 million and net income was $31.5 million, or $0.14 per diluted share.
This compares to total revenue of $134.4 million and net income of $26.6 million, or $0.12 per diluted share, as reported for the fourth quarter of fiscal 2005.
“We finished the year strong, delivering significant new product releases to the market and demonstrating solid execution across the board,” says Vivek Ranadiv, TIBCO’s chairman and chief executive officer. “I am very confident in our leadership position in the market as we head into 2007. The continued demand for our products and services is a direct reflection of our vision and commitment to evolving our platform to help customers solve their toughest challenges.”
In the fourth quarter, TIBCO closed 112 deals over $100,000 and 21 deals over $1 million. It added 74 new customers in Q4 and also expanded its business with Air France-KLM, American Stock Exchange, Beckman Coulter, The Carphone Warehouse, Circuit City, Citi Consumer Bank Asia, Constellation Energy, Sun International Management, Ltd. and Toyota Financial Services.
TIBCO also announced an eighteen-month stock repurchase programme to buy in up to $100 million of its outstanding common stock.