Tibco Software's Americas revenues up 26% year-on-year

- Friday, June 24, 2011

Tibco Software's Americas revenues up 26% year-on-year

The Americas accounted for 52% of US company Tibco Software's global revenues in its fiscal second quarter, ended May 29, experiencing a 26% increase year-on-year, company COO Murray Rode said during a conference call with investors.

The company posted a US$21mn net profit for its fiscal second quarter, compared to US$12.8mn in the year-ago quarter, the company said in its earnings statement.

Revenues for the quarter totaled US$216mn, compared to US$173mn in the year-ago period.

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From a vertical market perspective, the main contributors were financial services, which accounted for 24% of total revenues, followed by telecommunications (12%), energy (10%), government (7%), and transportation and logistics (7%).

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

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