TIBCO had non-GAAP net income for the fourth fiscal quarter of $20.5 million
and $56.1 million for the year. TIBCO’s non-GAAP net income per share on a
fully diluted basis was $.09 for the quarter and $.25 for the year. Fourth
quarter and annual non-GAAP results exclude stock-based compensation
charges, amortization of acquired intangibles, impairment of equity
investments, restructuring charges and expensing of acquired in-process
research and development, and assume a non-GAAP effective tax rate of 38%.
“During 2004, we capitalized on the beginning of a secular growth
opportunity in the Integration market, increasing our market share of those
segments in which we offer products and on the hard work and dedication of
the people who work at TIBCO,” said Vivek Ranadivé, Chairman and CEO of
TIBCO Software. “The growth we are experiencing is further validation that
our integration platform has gone from a 'nice to have' to a 'must have' for
companies operating in the ever more competitive global marketplace.”
Highlights for TIBCO’s Fourth Fiscal Quarter 2004
During Q4, TIBCO added over 100 new customers and made significant sales to
both new and existing customers, including Associated Newspapers Ltd.,
Lockheed Martin M&DS, Beckman Coulter, Inc., Lehman Brothers Holdings,
Procter & Gamble, City of Calgary, American Century Investments, BNP
Paribas, Vodafone UK and Telecom Italia.
