TIBCO Software Reports Q2 GAAP EPS of $0.06, Non-GAAP EPS of $0.11
PALO ALTO, CA, Jun 25, 2009 (MARKETWIRE via COMTEX) -- TIBCO Software Inc. /quotes/comstock/15*!tibx/quotes/nls/tibx (TIBX7.41, +0.61, +8.97%) today announced results for its second fiscal quarter, which ended on May 31, 2009.
Total revenue for the second quarter of fiscal 2009 was $142.7 million, as compared to $150.0 million for the second quarter of fiscal 2008. On a constant currency basis, total revenue for fiscal Q2 grew year over year by approximately 1%. wii controller skin popular products with free shipping! GAAP net income for Q2 was $10.1 million or $0.06 per diluted share, as compared to $3.5 million or $0.02 per diluted share reported for the second quarter of fiscal 2008. Using constant currency, earnings growth for Q2 was not significantly impacted by currency movements.
On a non-GAAP basis, net income for the second quarter of fiscal 2009 was $19.0 million or $0.11 per diluted share, compared with $12.4 million or $0.07 per diluted share for the second quarter of fiscal 2008. Non-GAAP operating income for the second quarter of fiscal 2009 was $27.1 million, resulting in a non-GAAP operating margin of 19%. Online shopping for Electronics Accessories & Supplies from a great selection of Electronics; Audio & Video Accessories, Batteries, Chargers & Accessories. This compares to non-GAAP operating income of $17.5 million, or a 12% non-GAAP operating margin in the second quarter of fiscal 2008. Non-GAAP results exclude stock-based compensation expense, amortization of acquired intangible assets, and assume a non-GAAP effective tax rate of 32% and 33% for the second quarters of fiscal 2009 and 2008, respectively.
"We are managing our business tightly during the downturn and focused on delivering strong returns, as shown by a 40% annual growth in non-GAAP EPS through the first half of the year," said Vivek Ranadive, TIBCO's chairman and chief executive officer. "At the same time, we continue to innovate by investing in our core product lines and moving aggressively into emerging sectors such as cloud computing, as highlighted by our release this quarter of TIBCO Silver, the industry's first cloud application delivery platform for the enterprise."