* Q4 adj. EPS $0.23 vs est $0.20
* Q4 rev up 5 pct
* Shares up 7 pct in extended trade
Dec 22 (Reuters) - Business software maker Tibco Software Inc posted a better-than-expected quarterly profit, helped by strong services and maintenance revenue and a number of large deals that closed in the quarter, sending its shares up 7 percent in after-hours trade.
Tibco, which makes programs that help computer systems communicate with each other and quickly analyze vast amounts of data, posted a fourth-quarter net income of $31.7 million, or 18 cents a share.
This compares with $32.3 million, or 18 cents a share, it earned in the same period a year ago.
Revenue for the quarter rose 5 percent to $195.6 million. Service and maintenance revenue rose 6 percent to $100.9 million.
During the quarter there were 19 deals over $1 million, the company said in a statement.
Excluding special items, the company earned 23 cents a share.
Analysts on average were expecting earnings of 20 cents a share, excluding special items, on revenue of $180.3 million, according to Thomson Reuters I/B/E.S.
Shares of the Palo Alto, California-based Tibco rose to $9.67 in extended trade, after closing at $9.06 Tuesday on Nasdaq.
(Reporting by Saqib Iqbal Ahmed in Bangalore; Editing by Ratul Ray Chaudhuri) Keywords: TIBCO/ (saqib.ahmed@thomsonreuters.com; within US +1 646 223 8780; outside U.S +91 80 4135 5800; Reuters Messaging saqib.ahmed.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Q4 rev up 5 pct
* Shares up 7 pct in extended trade
Dec 22 (Reuters) - Business software maker Tibco Software Inc posted a better-than-expected quarterly profit, helped by strong services and maintenance revenue and a number of large deals that closed in the quarter, sending its shares up 7 percent in after-hours trade.
Tibco, which makes programs that help computer systems communicate with each other and quickly analyze vast amounts of data, posted a fourth-quarter net income of $31.7 million, or 18 cents a share.
This compares with $32.3 million, or 18 cents a share, it earned in the same period a year ago.
Revenue for the quarter rose 5 percent to $195.6 million. Service and maintenance revenue rose 6 percent to $100.9 million.
During the quarter there were 19 deals over $1 million, the company said in a statement.
Excluding special items, the company earned 23 cents a share.
Analysts on average were expecting earnings of 20 cents a share, excluding special items, on revenue of $180.3 million, according to Thomson Reuters I/B/E.S.
Shares of the Palo Alto, California-based Tibco rose to $9.67 in extended trade, after closing at $9.06 Tuesday on Nasdaq.
(Reporting by Saqib Iqbal Ahmed in Bangalore; Editing by Ratul Ray Chaudhuri) Keywords: TIBCO/ (saqib.ahmed@thomsonreuters.com; within US +1 646 223 8780; outside U.S +91 80 4135 5800; Reuters Messaging saqib.ahmed.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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