Tibco Software's Americas revenues up 19% year-on-year

Friday, September 23, 2011

The Americas accounted for 54% of US company Tibco Software's global revenues in its fiscal third quarter, ended August 29, up 19% year-on-year, company COO Murray Rode said during a conference call with investors.

The EMEA region accounted for 34% of total revenues, while Asia-Pacific accounted for the reminder.

The company posted a US$23.5mn net profit for its fiscal third quarter, compared to US$17.4mn in the year-ago quarter, the company said in its earnings statement.

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Revenues for the quarter totaled US$229mn, compared to US$184mn in the year-ago period.

From a vertical market perspective, the main contributors were financial services, telecommunications, government, energy, manufacturing and retail.

"Looking forward to Q4, we continue to see strong demand across all geographies and continue to be focused on top line and earnings growth," company CFO Sydney Carey said. "We will continue to invest in sales, marketing and services, in order to capitalize on the growth opportunity."

Tibco expects total revenue for the coming quarter to be in the range of US$278mn-283mn, Carey said.

Headquartered in Palo Alto, California, Tibco serves more than 3,000 customers around the world with offices in over 20 countries.