Tibco Software 3Q profit more than doubles

PALO ALTO, Calif.—Tibco Software Inc. said Thursday fiscal third-quarter earnings more than doubled on strong revenue gains from customers in the government, energy and telecommunication sectors.

Net income in the three months ended Aug. 31 rose to $11.1 million, or 6 cents per share, from $4.6 million, or 2 cents per share, a year ago.

Excluding special items, profit rose to $19.6 million, or 11 cents per share, from $12.1 million, or 6 cents per share, last year. The adjusted result excludes stock-based compensation expense, amortization of acquired intangible assets, acquired in-process research and development, restructuring activities and investment activities.

Revenue rose 20 percent to $162.3 million, from $135.1 million a year ago.

Analysts, whose estimates typically exclude special items, expected profit of 8 cents per share on revenue of $154.8 million, according to Thomson Reuters.

In electronic aftermarket trading, Tibco shares added 36 cents, or 5.3 percent, to $7.15. The stock closed the regular Thursday session at $6.79.